MTNL planning to raise around Rs 2,300 crore by selling bonds with ten-year...
MUMBAI: State-owned Mahanagar Telephone Nigam is planning to raise around Rs 2,300 crore by selling bonds with ten-year maturity. A week ago, it had mobilised Rs 1,500 crore by offering the same securities. “We have got approval for Rs 3,769 crore collectively this year, and are raising it in... read more »
American Tower Buys Bharti’s Nigerian Telecom Towers for $1 Billion
NEW DELHI— Bharti Airtel Ltd , India’s biggest telecommunications company, has agreed to sell its telecommunications towers in Nigeria to American Tower Corp. for $1.05 billion. The move will help the Indian group reduce its heavy debt while significantly expanding American Tower’s presence... read more »
Sony warns of more restructuring in TV, smartphone units
TOKYO: Japan’s loss-making Sony Corp said it’s targeting a near 70% jump in revenue for its electronic devices division over the next three years, even as it warned further restructuring is in store for its TV and smartphone units. The ambitious plan to hoist revenue at the division... read more »
SpiceJet says in talks with investors for fresh capital
SpiceJet is in “exploratory and preliminary stage” talks with investors about raising fresh capital, the budget airline said in a regulatory statement on Monday. The airline said a few parties had approached it about making an investment but because the talks were at an early stage it... read more »
