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UK Approves Indian Group Bharti’s Purchase of 24.5% Stake in Bt
Date: December 17, 2024
LONDON (Reuters) -The British government on Monday approved Indian group Bharti Global’s purchase of a 24.5% stake in London-listed BT, following a detailed national security assessment and assurances from the telecoms company. The purchase of the shares, worth 3.2 billion pounds, was made from the previous top investor, Patrick Drahi’s Altice, under the terms set...
Britain Approves $19 Billion Vodafone-Three Mobile Merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping...
Britain Approves $19 Billion Vodafone-Three Mobile Merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison’s Three UK to create the country’s biggest mobile operator and reduce the number of networks to three from four. The Competition and Markets Authority had previously said the deal could push up customer prices, but it later...
UK’s Vodafone to Sell Remaining 3% Stake in India’s Indus Towers
Date: December 5, 2024
(Reuters) -Vodafone Group will sell its remaining 3% stake in Indian telecom infrastructure developer Indus Towers, the British telecom group said on Wednesday. The British firm said it has launched a placing of its remaining 79.2 million shares in Indus Towers through an accelerated book build offering. The FTSE 100 company also said the proceeds...
India’s Bharti Airtel Signs ‘multi-Billion’ Dollar 4G, 5G Equipment Deal With Ericsson
Date: December 4, 2024
(Reuters) – India’s Bharti Airtel on Wednesday signed a “multi-billion” dollar deal with Swedish telecom equipment maker Ericsson to boost its 4G and 5G coverage in the world’s second-largest smartphone market. Under the deal, which Reuters reported in October, Bharti Airtel will buy and deploy equipment from Ericsson likely in 2025. The companies did not...
Telefonica Germany Tests Quantum Technologies in Pilot With AWS
Date: November 28, 2024
By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany and Amazon Web Services (AWS) are working on a pilot to test quantum technologies in the telecom operator’s mobile network, executives from the two companies said. AWS and Telefonica will look to calculate the optimal placement of mobile towers, find ways to secure the network with quantum...