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Idea Cellular approves capital increase ahead of Vodafone merger

2018-01-04 10:03:00| Telecompaper Headlines

(Telecompaper) Indian operator Idea Cellular has approved plans to raise up to INR 67.5 billion in the sale of new shares, in order to strengthen its capital position ahead of completing its planned merger with Vodafone India. The company will sell INR 32.5 billion in shares to its controlling shareholder the Aditya Birla Group at a small discount of INR 99.5 per share, and sell the remaining shares to institutional investors or through a rights issue. The plans mean ABG will receive a slightly higher stake in the merged group with Vodafone.

Tags: increase capital idea ahead


Idea Cellular to raise $1.1 billion in equity ahead of Vodafone India merger

2018-01-04 01:00:00| Total Telecom industry news

India's Idea Cellular plans to raise an additional $1.1 billion in equity in the run up to its proposed merger with Vodafone India. A total of $425 million will be made through a preferential allotment to the Aditya Birla Group…read more on TotalTele.com »

Tags: idea india ahead equity


Blueface and Star2star announce $500m merger

2018-01-03 01:00:00| Total Telecom industry news

Cloud computing specialist Blueface is set for a $500 million merger with its US competitor Star2Star, according to a company release. The newly formed entity, StarBlue, will immediately become a top five global provider in the unified communications as a service (UCaaS) market…read more on TotalTele.com »

Tags: announce merger 500m star2star


South Bend (Ind.) board approves closure or merger of 5 schools

2017-12-19 20:19:19| American School & University

District plan responds to declining enrollment and under-capacity.

Tags: board south schools ind


Vodafone India appoints new CFO ahead of potential merger

2017-12-18 01:00:00| Total Telecom industry news

Vodafone India has announced the appointment of Manish Dawar as its new chief financial officer, with effect from the 1st of January 2018. Dawar will take over from Thomas Reistein…read more on TotalTele.com »

Tags: potential india ahead vodafone


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