By Amrit Raj
As many as 184,710,183 equity shares, owned by Indian Continent Investment Ltd, will be acquired on 3 November.
Telkom has repeatedly said that it wants to grow in the digital space through collaboration or acquisition
As the storm caused by changing regulations, tariff battle settles down, the industry is once again looking at an upward curve in terms of revenue.
Companies seek to preserve as much of their spectrum holdings as they can before regulators ask for concessions.
Over 99% of Idea shareholders voted in favour of the merger at the shareholders’ meeting on 12 October.
The merger includes tansfer of all the customers and assets of Tata CMB to Bharti Airtel
Birla sees only a handful of businesses surviving a price war roiling the world’s second largest telecom market.
Brookfield had in December agreed to pay RCom upfront cash of Rs11,000 crore for a 51% stake in Reliance Infratel Ltd.
RCom says will be able to pare debt by more than half much before December 2018.
The development will further impede its efforts to pare its huge debt.