Telecom operators in Punjab have approached police over alleged disruption of services by some anti-social elements in 19 districts of the state, following which authorities registered a case in this connection.
Bharti Airtel today said it has appointed a Committee of the Board of Directors to consider a public offer of its telecom tower unit Bharti Infratel Ltd (BIL) by selling up to 10% stake.
KPMG has given a clean chit to the Kanorias in the alleged financial irregularities in VIOM Networks by the former company secretary. In an interview to CNBC-TV18, Sunil Kanoria, director of Viom Networks spoke about the issues related to the recent allegations.
Amid reports of financial irregularities, Viom Networks-- a shared passive telecom infrastructure provider-- today denied any wrongdoing in the company even as it hired auditor KPMG to look on the issues.
SREI Infrastructure Finance touched a 52-week low of Rs 31.20. At 09:18 hrs the share was quoting at Rs 33.25, down Rs 4.55, or 12.04%.
Speaking to CNBC-TV18, Hemant Kanoria, director of Viom and CMD of SREI said, the former company secretary has made the allegations to get back at the firm for firing him.
A lot is happening over expectations of tower sale. However, in an exclusive interview to CNBC-TV18, Sunil Kanoria, director of VIOM Networks says there is lot of uncertainty in the telecom operator segment which is the challenge.
Billionaire Anil Ambani's Reliance Communications has hired UBS to sell its 95% stake in tower unit Reliance Infratel.
GTL Infrastructure touched an intraday high of Rs 16.10 and an intraday low of Rs 14.05. At 11:16 hrs the share was quoting at Rs 15.20, up Rs 1.45, or 10.55%. Viom Networks is in talks with Rs 7500 crore offer to buy out GTL Infra, but GTL promoters eyeing valuations of over Rs 10,500 crore, reports The Economic Times.
Telecom tower firm Viom Networks has made a USD 1.69 billion offer to buy out its competitor GTL Infrastructure, The Economic Times reported on Friday.
On talks of Viom Networks exploring the possibility of a merger with GTL Infra, Sunil Kanoria, director of SREI Infrastructure said it was too soon to comment on the same. However, he added that the company was exploring avenues that will add value to the company and to the shareholders.
Indian telecoms tower firm Viom Networks is open to acquisition opportunities including the tower arm of India's No 2 mobile carrier Reliance Communications, a director of the tower firm said on Thursday, but added there have been no talks yet with Reliance.