Bharti Airtel to raise $1.25 bn in African unit
Bharti Airtel has announced that six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest USD 1.25 billion through a primary equity…
Telecom sector to loose 60,000 jobs by March 2019
Some 65,000 telecom sector workers may lose their jobs by March 31, mainly in the customer support and financial functions, according to staffing firm TeamLease Services. These two segments are…
HFCL bags Rs. 879 crore order from TCIL
Himachal Futuristic Communications Ltd ( HFCL) bagged advance purchase order for Rs. 879 crores approx. from Telecommunications Consultants India Ltd (‘TCIL’) for providing broadband connectivity in the State of Madhya…
Reliance Jio to buy out RCom’s wireless assets
Mukesh Ambani-led Reliance Jio announced it will buy the wireless infrastructure assets that include towers, optic fibre cable network, spectrum, and media convergence nodes (MCNs)* of Reliance Communications (RCom) and…
RCom plan to reduce its debt to Rs 6000 Crore
Reliance Communications announces debt recast plan to reduce its Rs45,000 crore debt significantly to less than Rs6000 crore by monetization of its wireless business and real estate assets. Post recast…
2G Scam: CBI court acquits A Raja, Kanimozhi and all other accused
Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the 2G spectrum scam case. Fifteen other accused in the case and three…