For Verizon advisers, patience pays off with huge payday
Sep16

For Verizon advisers, patience pays off with huge payday

It has been a ten-yr-lengthy look forward to bankers advising Verizon Communications Inc on its $130 billion deal to take complete control of Verizon wireless, however their persistence will yield both good-looking charges and bragging rights. Bankers, including Paul Taubman, Alan Schwartz, Andrew Decker and James Ferency, have been among the advisers that Verizon used back in 2004, when it first came just about shopping for out...

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Spectrum auction set for January; revenue target at Rs. 11,000 crore
Sep15

Spectrum auction set for January; revenue target at Rs. 11,000 crore

  The Department of Telecom is likely to conduct the third round of spectrum auction by January and expects to garner a minimum revenue of about Rs. 11,000 crore this fiscal, a top official said. Replying to a query on expected time-line for the next round of spectrum auction, Telecom Secretary MF Farooqui said, “By January this financial year. That’s what we are working for.” He was speaking on the sidelines of...

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Bharti Airtel board approves merger of broadband services subsidiary
Aug26

Bharti Airtel board approves merger of broadband services subsidiary

Telecom major Bharti Airtel Thursday mentioned its board licensed the merger of absolutely owned subsidiary Airtel Broadband services with itself. The amalgamation will probably be subject to approvals, together with clearances from excessive courts, if any, the company said in a filing to the BSE. “The Board of administrators of the corporate has authorized the scheme of amalgamation of Airtel Broadband services non-public...

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Videocon Mobile Services rebranded as Videocon Telecom
Aug04

Videocon Mobile Services rebranded as Videocon Telecom

Videocon cellular services and products, a subsidiary of Videocon Industries, Thursday rebranded itself as Videcon Telecom. The company roped in Pubjabi actor and singer Gippy Grewal as its model ambassador and likewise unveiled a brand new brand which replaces textual content ‘cellular products and services’ in its outdated emblem with with Telecom in white and inexperienced field. “Exchange is always good and fresh...

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Vodafone seeking approval for $2.7 billion buyout in India venture
Jul11

Vodafone seeking approval for $2.7 billion buyout in India venture

British telecom massive Vodafone is learnt to have applied to govt for raising its stake in its Indian arm to 100 percent at an estimated USD 2.7 billion (Rs.16,600 crore). Trade sources mentioned Monday Vodafone has utilized to overseas investment Permission Board (FIPB) for permission to lift its stake in Vodafone India from seventy four p.c to one hundred pc. While Vodafone didn’t right away revert again emails despatched for...

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