According to reports on CNBC-TV18, ATC’s global management is in India to finalise the transaction details; both entities keen on closing the deal before the merger with Vodafone.
CNBC-TV18's Reema Tendulkar gives a detailed analysis of the expected divestment.
Both CITIC and RCom are negotiating the valuation of cable business. Earlier, CITIC had pulled out of the race on valuation concerns.
In an interview to CNBC-TV18, Amit Bhatnagar, MD, Diamond Power Infrastructure, said the flood in the plant and capacity constraints have impacted the conductor business during the quarter. He expects EBIT margins to stay in the range of 10-11 percent for the next two quarters.
Syed Safawi, CEO-wireless business, Reliance Communication joins CNBC-TV18 to talk about the performance of the company and highlight the way forward.
With USD 2.7 billion dollar debt on books, sources say Idea is actively on the look out to reduce debt, reports CNBC-TV18's Krithika Saxena.
Syed Safawi, CEO wireless, Reliance Communication talks to CNBC-TV18 about the bygone quarter, the debt-reduction plans and the upcoming stake sale in the tower business.