A consortium including Google and KDDI Corp has signed a deal on Thursday to build and operate an international undersea cable system, estimated to cost $400 million.
Leading Indian telecoms firm Bharti Airtel sees revenue pressured in the short term amid an intense price war in the country's wireless sector, director Akhil Gupta told news channel CNBC-TV 18.
Norwegian telecom firm Telenor will become the 12th operator in the Indian market when it launches its operations on Thursday, a company statement said.
Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday.
India's Bharti Airtel has offered to retain the top management at MTN for at least three years and given the option of an all-cash offer to minority MTN shareholders to sew up the planned tie-up between the two firms, the Economic Times reported on Tuesday.
South Africa's Treasury and banking officials are to meet government officials in India to discuss foreign exchange control implications of the planned tie-up between MTN and India's Bharti Airtel.
South Africa's labor federation COSATU is trying to halt a planned multi-billion tie-up between MTN and India's Bharti Airtel but the Treasury wants a deal, sources close to the matter said.
South Africa's communications regulator said on Tuesday it was unsure if mobile phone group MTN's proposed tie-up with India's Bharti Airtel would get approval before the end of the year.
Bharti Airtel Ltd stands a bigger chance of landing a proposed $24 billion cash and share swap with South Africa's MTN after sweetening the deal, two people familiar with the matter said.
South Africa's Treasury said it was processing an exchange control application from MTN for a proposed tie-up with India's Bharti Airtel, in the clearest indication yet that the deal is proceeding despite some shareholder opposition.
South Africa declared support for a proposed tie-up between domestic telecoms operator MTN and India's Bharti Airtel on Tuesday, making the complex cash-and-shares deal more likely to succeed.
India is considering a new law allowing strict checking of all imported telecommunications equipment, the latest move to plug security holes after last year's Mumbai attacks.
South African mobile operator MTN wants to conclude a proposed tie-up with Indian partner Bharti Airtel quickly to end any doubt about the deal, but doesn't rule out interest in part of Kuwaiti firm Zain.
India's Bharti Airtel and South Africa's MTN hope to finalize by mid-September a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said.
South Africa's MTN Group said half-year adjusted headline earnings per share could fall by between 8.6 and 13.6 percent for the six months to the end of June, worse than market forecasts, it said on Tuesday.
The extension of exclusive talks that could lead to a merger of India's Bharti Airtel and South Africa's MTN Group weakens the probability of the deal closing, UBS said in a research note.
Banks are close to finalising South African telecom group MTN's 4.5 billion syndicated loan backing its proposed merger with Indian mobile phone company Bharti Airtel, bankers close to the deal said on Friday.
India's Reliance Communications has started talks to buy Kuwaiti Zain's African operations, which media say are worth $10 billion, two banking sources said.
Indian mobile phone giant Bharti Airtel may increase its offer for a stake in South African peer MTN by between 5 and 10 percent, a source familiar with the negotiations told Reuters.
India's Bharti Airtel plans to bid for telecom operator Millicom's Sri Lankan mobile network, the Economic Times said on Wednesday, citing two executives familiar with developments.
India's Bharti Airtel and South Africa's MTN Group extended talks to combine their operations to create the world's third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal.
India's Bharti Airtel and South Africa's MTN are expected to extend exclusive talks by at least two to three weeks for a proposed merger, four sources familiar with the deal said on Friday.
