Telecom Industry
Bharti Airtel Acquires More 1% Stake in Indus Towers
Bharti Airtel, India’s second-largest telecom operator, has increased its stake in Indus Towers by acquiring an additional 1%. This acquisition occurred as Vodafone UK offloaded an 18% stake in the telecom infrastructure company. Prior to this, Airtel held a 47.95% stake in Indus Towers, which has now risen to 48.95%, making it the largest stakeholder. […]
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Vodafone Idea Dues to Indus Towers: Vodafone to Sell 10% Stake to Repay Debt
Vodafone Group plans to sell about 10% of its stake in Indus Towers for up to $1.1 billion as part of the British firm’s efforts to repay its debt. Vodafone will sell roughly 268 million shares in Indus Towers through stock market block deals in Mumbai, priced between 310 rupees ($5.02) and 341 rupees per […]
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Bharti Airtel Prepays Rs 7,904 Crore in Spectrum Liabilities to DoT
Bharti Airtel announced that it has fully prepaid its deferred spectrum liabilities of Rs 7,904 crore to the Department of Telecommunications (DoT). This payment means Airtel, the second-largest telecom operator in India, has now fully prepaid all deferred liabilities related to spectrum acquired in the 2012 and 2015 auctions, which carried the highest interest rates […]
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Vodafone Idea Dues to Indus Towers, Will Sell Entire Indus Towers Stake
According to sources familiar with the matter, reported on June 14 that Vodafone Group is considering selling its entire $2.3 billion stake in Indus Towers, a mobile-tower operator, through block deals next week. Vodafone holds a 21.5% stake in Indus Towers through various group entities. The report indicated that the final transaction size might be […]
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BSNL Land Monetization: Land in Kondapalli, Tuni, and Palakol to be E-Auctioned
The Bharat Sanchar Nigam Limited (BSNL) has announced the sale of its land in Kondapalli near Vijayawada, Tuni, and Palakol through an e-auction as part of its strategy to monetize surplus land parcels and buildings. The reserve price for the land in Tuni has been set at ₹12.94 crore, while for Palakol and Kondapalli, it […]
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Jio Satcom Service Gets IN-SPACe Approval
Reliance Jio and SES’s joint venture, Orbit Connect, has received critical landing rights and market access authorization from the Indian National Space Promotion & Authorisation Center (IN-SPACe). Orbit Connect is majority-owned by Jio (51%) with SES holding the remaining 49%. IN-SPACe has granted the necessary approvals for Orbit Connect to offer commercial services in India. […]
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New Telecom Alliance to Streamline Cross-Border Connectivity in ASEAN
A group of telecom operators and data center providers in Southeast Asia have formed an alliance named ASEAN Connect.One, aiming to streamline collaboration on connectivity services among data centers, carriers, and OTT players in the region. The founding members of this alliance include APT Satellite, FPT International Telecom, Interlink Telecom, Neocom ISP, NTC Asia, SEAX […]
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More on BSNL SIM Card Home Delivery
Bharat Sanchar Nigam Limited (BSNL) has started home delivery of SIM cards to its customers, though this service is currently limited to Gurugram and Ghaziabad. This service is available for prepaid connections, and customers can order a SIM card by visiting their website. Hassle-Free SIM Delivery!Get your #BSNL_SIM without stepping out. Order here: https://t.co/TKz5FyMczs*Available in […]
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Vodafone Idea Required to Settle Dues with Indus Towers for New Services: Report
Vodafone Idea (Vi), the country’s third-largest telecom operator, must clear its outstanding dues with Indus Towers to roll out new services. Vi plans to launch 5G soon, leveraging Indus Towers’ infrastructure. Recently, Vi raised funds through equity, improving its ability to settle these debts. According to an ET report, Sunil Bharti Mittal, Chairman of Bharti […]
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BSNL Land Monetization: 27 Land Parcels in 11 States Added
In a significant boost to the government’s asset monetization programme, Bharat Sanchar Nigam Limited (BSNL) has listed 27 land parcels for sale across 11 states and Union Territories. Records show these parcels include telephone exchanges, vacant land, administrative buildings, and staff quarters. The properties are located in Andhra Pradesh, Chhattisgarh, Gujarat, Karnataka, Kerala, Madhya Pradesh, […]
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