INDIA > Canada’s Brookfield Group to buy 51% stake in Reliance Infratel for $1.6 bn

brookfield-logo Canada based Brookfield Group to buy 51% stake in Reliance Communication’s subsidiary Reliance Infratel for Rs. 11,000 crores ($1.6 bn.). Reliance Infratel is Reliance communications tower unit. The transaction will now be subjected to approvals by shareholders, regulator and lenders. After the all-cash deal is completed, Brookfield Infrastructure will manage and demerge Reliance Infratel into a separate new company making More …

INDIA > Vodafone Invests More Than US$ 7 Billion in its Indian Operation

vodafone-india Vodafone Group Plc, the telecommunication giant based out of London, is pumping US$ 7.15 Billion investment into its Indian operation. The move is largely considered as a signal for Vodafone’s aggressive intent to bid in the spectrum auction that’s set to start October 1st, 2016. Along with Airtel and Idea, Vodafone is believed to be in immense pressure after the incumbent Jio’s More …

INDIA > Telecom Company Tikona to Receive FDI Worth US$ 40 Million

Tikona_logo_2_0 Based on the recommendations of Foreign Investment Promotion Board, the government of India has approved telecom company Tikona Digital’s issuance of CCDs worth ₹267 crore (US$ 40 Million) increasing its foreign equity to 76.73%. CCDs are Compulsory Convertible Debenture – a form of financial instrument issued as either preference shares or debentures and convertible into equity shares of the Indian company at More …

NEPAL > Malaysian giant acquires 80 per cent stake in Ncell for 1.36 billion US dollars

Axiata In the biggest ever corporate deal in Nepal’s history, Malaysia-based Axiata has agreed to acquire 80 per cent stake in Ncell, the country’s largest private cell phone service provider, for $1.365 billion (Rs 145.40 billion at today’s exchange rate of Rs 106.52 per dollar). Axiata Group Berhad (Axiata), through its wholly-owned subsidiary, Axiata Investments (UK) Limited, today entered into a More …