In another example of the growing focus on security in the telecom sector, the Foreign Investment Promotion Board has asked whether US-based Verizon Wireless operates in Pakistan, while deferring its proposal for transfer of equity shares.
Verizon Communications is applying for a long-distance operating license in India that will allow it to compete more fiercely in the region with AT&T and other telecom firms offering phone and Internet services to multinational companies.
The offer of $50 per share is a premium of 17.4 per cent to AOL's Monday close.
Verizon Communications, the second-largest US telecommunications group, is to expand its global communications network to provide its multinational corporate customers in fast-growing markets like China and India with additional services. The decision comes as US telecommunications groups including AT&T increasingly look outside their domestic market for revenue growth from higher value added services.
Yahoo is in the process of auctioning off its search and advertising business.
The deal will end months of uncertainty about Yahoo's future.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
Let's take a look at some of the biggest M&A deals in the world.
Vi partners SpaceX-rival AST SpaceMobile for satcom service on smartphones
United Airlines, the world's second-largest carrier, received regulatory approval to install wireless Internet access to its fleet in a partnership with Verizon Communications Inc.
The FIPB, headed by Finance Secretary Arvind Mayaram, at its meeting on Tuesday considered 35 proposals.
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
Large Indian IT services companies are expected to report "muted" sequential show in a traditionally strong second quarter, as macroeconomic challenges continue to weigh on global discretionary spending, say market watchers. The big earnings week for tech heavyweights is up ahead, with Tata Consultancy Services (TCS) scheduled to announce its results on October 11, and both Infosys and HCL Technologies on October 12. Wipro is slated to declare its Q2FY24 results next week, on October 18.
Buffett had said in a CNBC interviewthat Yahoo's business had deteriorated significantly and that "something has to change there."
The group is making a foray into the telecom space even as it closes in on Daewoo Electronics.
Who will own the Internet? The question is an oxymoron since no one owns cyberspace.
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
Reliance Telecom and Bharti Airtel have entered the second round of qualifying process for a GSM-based mobile license in Qatar that the Gulf country plans to award by October this year.
The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).
Several factors have held India back. One is DoT policy somersaults and lack of clarity on whether to or not to ban Chinese gear makers.
The 4G service may use Reliance Retail, with a surging customer base, as the launch pad
The Big Two telecom companies have accelerated their moves towards this next-gen technology, though they have chosen very different routes to getting there.
Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.
India will have to deal with the question of whether broadband service providers are 'common carriers', like highways.
White House said Trump strongly believed that protecting environment and 'promoting our economy are not mutually exclusive goals'.
