Wireless infrastructure operator American Tower Corporation (ATC) said Wednesday it has agreed to acquire a further 4,450 wireless communications sites in India via the purchase of Essar Telecom Infrastructure.
Investment fund Essar Group has reached an agreement to offload its Kenyan telecom business to African carriers Safaricom and Airtel for $120m.
Mega carrier Vodafone made a surprise move on Thursday, increasing its stake in the holding company behind Indian joint venture Vodafone Essar by buying out its local partner.
The deal signed between Zain Kenya and Essar Telecom Kenya is a move that indicates operators in developing markets are following the lead of those in Europe by striking agreements to produce opex and capex savings.
The $11bn acquisition of Hutchison’s Indian mobile carrier, Essar, has not been the smoothest of deals for Vodafone. At the time of the acquisition in May of this year, the carrier took some time to secure regulatory approval. Now, it seems the Newbury-headquartered operator has received two more pieces of bad news in the space [...]
Telecoms regulators in India have confirmed there will be a delay on their decision to clear Vodafone’s deal to buy a controlling stake in Hutchison Essar. The announcement is the latest problem for Vodafone in its proposed bid for a 57 per cent stake in Essar for $11.1bn (£5.7bn). The regulators want to extend their [...]
As anticipated, Vodafone and Essar announced an agreement Thursday under which they will jointly manage fourth placed Indian mobileco, Hutchison Essar. Under the terms of the partnership, Vodafone will have operational control of the company, to be renamed Vodafone Essar, and Essar will gain proportionate board representation. Ravi Ruia will be appointed chairman of Vodafone [...]
Vodafone chief executive, Arun Sarin, is expected to announce a deal Thursday that will see his firm jointly manage India’s fourth biggest mobile group, Hutchison Essar Ltd (HEL), according to reports. The Times of India on Wednesday said the two firms have also agreed to rename HEL as Vodafone Essar. It added that the newly [...]
British mobile firm, Vodafone, has reportedly reached an agreement with the Essar group that will see it take management control over Hutchison Essar. The Hindustan Times reported Tuesday that Vodafone will nominate Ravi Ruia, Essar’s group vice chairman, as non-executive chairman, quoting sources. The Times said the new board would be comprised of nine directors, [...]
Reports are emerging that India’s Essar Group wants to run mobile operator Hutchison Essar in a partnership of equals with Vodafone. The Indian conglomerate issued a statement late Friday in which it said it sees Hutch Essar “as a core part of its business portfolio for the long term” and “has no intent to exit [...]