Telenor acquired 60% stake in Unitech around 5 months, and has now added 7.25% more at the same cost – effectively valuing the deal 11 per cent cheaper.
“The new deal puts the enterprise value — the sum of a company’s market capitalisation plus debt minus cash — of this new-generation mobile services company floated by Delhi-headquartered real estate major Unitech at Rs 10,520 crore, against Rs 11,620 crore in the agreement signed on October 28, 2008.
At the adjusted rate, the company’s equity value stands at Rs 9,100 crore, against Rs 10,200 crore in October, a loss of Rs 1,100 crore.” – ET
BPL mobile is now Loop Mobile
BPL Mobile Communications, the country’s oldest mobile telecom service provider, has changed its name to Loop Mobile (in the picture), following the expiry of its brand-use agreement with the TPG Nambiar-owned BPL Group.
US firm ATC to buy XCEL Telecom
ATC’s Mauritian subsidiary American Tower Mauritius has entered into an agreement with Horse-Shoe Capital, Mauritius, owner of XCEL Telecom, for acquiring the Indian tower company, – more
MTNL to divert realty, towers into new arm
MTNL, which runs fixed-line and mobile networks in India’s top two telecom markets of Mumbai and Delhi, is examining plans to hive off its real estate and mobile towers worth more than Rs 6,000 crore to fund its expansion into new areas – more
Bharti Airtel’s rejig into nine arms
NEW DELHI: Bharti Airtel, the country’s largest telco by subscribers, will restructure its businesses into nine verticals under different CEOs, as it looks to expand into areas beyond its mainstay, voice telephony. – more
Ashish Sinha