Tanzania's government has agreed a deal to buy back a 35% stake in a state-run telecoms company from the local subsidiary of Bharti Airtel for 14.6 billion shillings ($7.07 million), a senior official said.
The Telecom Ministry has sought legal opinion on a Comptroller and Auditor General (CAG) report that stated undue benefits were extended to companies including Reliance Jio, Bharti Airtel, RCom and Tata Teleservices on a number of issues.
State-run MTNL has said Bharti Airtel's 'zero rating plan' and RCom's 'internet.org' scheme defeat the basic concept of net neutrality and such pacts should not be allowed as they affect economic interests of small telecom operators.
As many as 26 business agreements worth over $22 billion were signed today between Indian firms -- including Adani group, Bharti Airtel and Welspun -- and thier Chinese counterparts on the last day of Narendra Modi's three-day visit to China.
Bharti Airtel today said it has received bilateral financing commitments of up to $2.5 billion from China Development Bank and Industrial and Commercial Bank of China, with an average maturity of about nine years.
The Supreme Court on Thursday dismissed a batch of petitions filed by various telecom companies (telcos), including Vodafone and Bharti Airtel, seeking extension of their spectrum licences. "We see no merit.
In the last few days, the retail sector has seen serious consolidation. First, the Aditya Birla group merged its retail businesses into one, and then Future Retail announced that it will acquire Bharti Retail in an all-stock deal.
Insurance companies with foreign partners have gone back to the drawing board since the passage of the Insurance (Amendment) Act, 2015. "There are increasing requests to provide an opinion on how things will change now," says Ashvin Parekh,
Shares of telecom services provider Idea Cellular and Bharti Airtel have fallen by up to 5% on the bourses on profit booking despite reporting a good set of numbers for the quarter ended March 2015 (Q4).
The predominant view that higher debt burden due to spectrum payouts will lead to an increase in voice tariffs for telcos may not materialise if the trend in voice revenue per minute after the last auction in February 2014 is anything to go by.