Idea Cellular and Vodafone Group announced the new leadership team of the soon-to-be merged entity that will have Kumar Mangalam Birla as the non-executive Chairman.
Vodafone has launched an international future jobs programme to offer skilling, career guidance and access to training content to up to 5 million youth in the country.
The Idea-Voda combine will benefit the most among established players from govt's decision to allow a longer tenure to pay for spectrum bought in auction, a report said.
The S&P BSE Telecom index went up by 2.04 per cent to a high of 1,378.50 in morning trade.
The Department of Telecom has started harmonising spectrum in 3,500 megahertz band and 26 Gigahertz band along with E and V band, she said.
Telecom regulator Trai said anybody is free to move court against its tariff order after operators threatened to challenge the new rules while terming them "not fair".
Uganda Internet service provider that uses Vodafone’s brand under license has obtained court protection against creditors.
Vodafone, Idea's mobile tower sale deal, and raising FDI limit in the Aditya Birla group firm are holding the govt's approval to the merger of two operators.
Reliance Jio has sent a letter to the telecom body to publicly apologise within 48 hours for its "defamatory statements".
Trai termed as "baseless" the COAI's allegations that its orders appeared to be favouring 1 operator, and cautioned industry body against making unsubstantiated charges.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months