Tower

The new funds will be required as the Centre is reportedly currently evaluating several projects, including the Tower-Adani chip plant in Maharashtra.

Intel calls off $5.4b Tower deal after failing to obtain regulatory approvals

Intel originally aimed to close the deal by the first quarter of the year, but later extended the deadline after it failed to receive approval from China.

Lights out early for Eiffel Tower as Paris saves energy

The measures are aimed at meeting President Emmanuel Macron's goal that industry, households, and municipal authorities reduce their energy consumption by 10% in response to Russia's cut to gas supplies and spiralling energy prices.

Bharti Airtel buys Vodafone's 4.7% stake in Indus Tower for Rs 2,388 crore

The firm acquired 4.7% stake in Indus Towers at Rs 187.88 a share, it said in a notice to exchanges. This deal was on the condition that funds will be used by Vodafone, as fresh equity in Vodafone Idea and simultaneously remitted to Indus to clear VIdea’s outstanding dues.

Bharti Airtel sells 10.3% in Infratel to KKR, CPPIB at Rs 325/share

Analysts believe Infratel will add 16,000 towers annually even after the Vodafone-Idea deal.

Rel Comm up 4% on Rs 11Kcr payment from Brookfield for tower biz

Reliance Communications shares gained 3.6 percent intraday Friday after signing term sheet with Canada-based asset management company for tower business.

RCom, Brookfield wrap up tower deal, sign term sheet

Reliance Communications has signed a term sheet with Brookfield Infrastructure Group for the sale of its tower assets and related infrastructure. RCom will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction. The proceeds will be utilised to pare debt, RCom said in a statement on Friday.

Bharti Infra Q1 net seen down 5%, revenue may grow 3%

Earnings will be impacted by the new accounting standards. In the new Indian Accounting Standards (IndAS) joint ventures will be consolidated using the equity method, which will lead to a decline in the consolidated revenue and EBITDA for telecom companies with JV.

SC strikes down 'arbitrary, unconstitutional' call drop penalty

The Supreme Court has struck down the penalty on call drops that the Telecom Regulatory Authority of India was seeking to levy on telecom companies, saying the move was "unreasonable, arbitrary and unconstitutional".

Finally Air India Towers leased out, to earn Rs 100cr rental

The cash-starved national carrier has finally succeeded in monetising its past headquarters -- the 23-storey Air India Towers -- in the heart of the megapolis with just one floor being empty now and the rental income touching Rs 100 crore.

Components of wind turbines exempted from excise duty

The Central Board of Excise and Customs(CBEC) in the Department of Revenue has issued a circular in this regard to reduce litigation and to improve ease of doing business in the important sector of non-conventional energy.

Over 17,000 sites still have more than 3% call drop rate

With telcos deploying new towers for capacity and coverage enhancement, there are more than 17,200 sites across the country where the call drop rate is still over 3 percent.

Cabinet approves hiving off BSNL towers into new company

The Union Cabinet today approved hiving off 65,000 towers of state-run telecoms firm BSNL into a new company. The move is expected to help the company realize the full valuation potential of the towers.

Expect telecom rollouts to keep orders robust: Bharti Infra

In an interview with CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar, Bharti Infratel MD Akhil Gupta discussed his company‘s third quarter earnings.

Bharti Infra slips 4%; share sale by Airtel hurt investors

Bharti Airtel had 74.85 percent stake in Bharti Infratel as of December 2014. Bharti Infratel had reported a 23 percent jump in consolidated net profit at Rs 507 crore for the quarter ended December 31, 2014, riding on the back of operators‘ focus on fast roll-out of data networks.

Bharti Airtel jumps 2% on Africa tower biz sale buzz

It is looking at a valuation of roughly USD 1.8 billion for the Africa tower business, and first on the list, will be the Nigeria towers. The valuation of the Nigeria towers is pegged at around USD 500-550 million.

Reliance Jio Infocomm, Reliance Communications To Share Tower Infra

Tower agreement follows inter-city fibre sharing agreement signed as part of long term business co-operation framework.

RIL-RComm deal: ICICI Sec sees little cheer for ADAG firm

The company should monetize few more assets to significantly reduce debt to be a good play, he added. ICICI Securities still has a negative stance on RCom.