Airtel raises $3 bn, dilutes promoter stake by 3.72 percent
Bharti Airtel announced it raised $2 billion through Qualified Institutional Placement (QIP) and $1 billion via Foreign Currency Convertible Bonds (FCCBs).
Airtel said the transaction...
Reliance Jio and UVARC emerge as the top bidders for RCom
Reliance Jio and UV Asset Reconstruction Company (UVARC) have emerged as the top bidders for buying assets from Reliance Communications (RCom), PTI reported.
Reliance Jio,...
Vodafone Idea leads in rural areas of India, Jio takes second position
Vodafone Idea is the leading mobile operator across rural areas of India, according to the latest statistics from Telecom Regulatory Authority of India (TRAI).
Vodafone...
AG Nigeria withdraws $2 bn tax demand against MTN Nigeria
Attorney General of Nigeria has withdrawn a $2 billion tax demand against MTN Nigeria and referred the matter to Tax Authorities.
MTN on 4 September...
AT&T CFO John Stephens on reduction in network operational costs
John Stephens, senior executive vice president and chief financial officer of AT&T, said the telecom operator is focused on exceeding the annual 6 percent to...
Orange aims more business from Middle East and Africa under Engage 2025 plan
Orange announced that it aims to strengthen its presence in Africa with the inauguration of the Orange Middle East and Africa operational head office...
T-Mobile US adds 7 million customers in 2019
T-Mobile US provided a preliminary view of key customer results for the fourth quarter and full-year 2019.
T-Mobile has added 1.9 million customers in the...
Enough is enough: It’s time to dial up change in the telecoms industry
As we start a new decade, the telecoms sector must become obsessed by customers and step up the pace of change, writes VEON’s joint...
Sprint closing Virgin prepaid business and moving customers to Boost Mobile
Sprint is closing its Virgin Mobile USA prepaid wireless business and moving customers to Boost Mobile.
Sprint, the fourth largest operator, and T-Mobile US, the...
Voice revenue to drop 45% to $208 billion by 2024
Mobile operator voice revenue will drop to $208 billion by 2024 from $381 billion in 2019, as users shift to flexible and free OTT...
Sunrise CEO Olaf Swantee resigned
Telecom operator Sunrise announced the resignation of Olaf Swantee as chief executive officer -- after almost four years with the company.
Sunrise also announced the...
MTN sells assets worth R14 bn in 2019
MTN announced its Asset Realisation Programme (ARP) in March 2019 in order to simplify its portfolio, reduce debt and risk, improve returns and realise...
Airtel, BSNL, Vodafone, Jio add mobile subscribers in Oct
Indian telecom operators -- such as BSNL, Bharti Airtel, Vodafone Idea and Reliance Jio – have increased their mobile subscriber base in October 2019.
Bharti...
Airtel Malawi aims to raise $37.5 mn via IPO
Airtel Africa aims to raise about 27.92 billion Malawian Kwacha or $37.5 million through the initial public offering (IPO) of its local business Airtel...
ICRA maintains negative outlook for Indian telecom industry
Rating agency ICRA has maintained a negative outlook for the Indian telecom industry in the wake of AGR dues.
Blended ARPU of Indian telecoms is...
Airtel launches Wi-Fi Calling to enhance voice experience
Bharti Airtel has launched its voice over Wi-Fi service – Airtel Wi-Fi Calling -- to enhance voice calling experience for Airtel smartphone customers.
Airtel Wi-Fi Calling...
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