Bharti Airtel says satcom not a threat to telcos

Bharti Telecom to buy 3.33% Airtel stake from Singtel

Bharti Airtel promoter, Bharti Telecom will buy a 3.33 percent stake from Singtel for S$2.25 billion or about Rs. 12,895 crore in 90 days. Bharti Group chairman, Sunil Bharti Mittal's family, and Singtel own Bharti Telecom (BTL). "Singtel and its affiliates have agreed to transfer 3.33 percent shares to BTL for an aggregate amount of S$2.2...


DoT returns bank guarantees worth ₹23,000cr to Vi, Airtel

DoT bats for auction of satellite spectrum

The Department of Telecommunications (DoT) is batting decisively for the auction of satellite spectrum. After nearly two years of intense lobbying from satellite players, including Low Earth Orbit (LEO) players such as OneWeb, Telesat, and Starlink —has decided that LEO and MEO (Medium-Earth orbit) players will have to participate in spectrum...


NXTDIGITAL board approves proposed merger with Hinduja Leyland Finance

NXTDIGITAL board approves proposed merger with Hinduja Leyland Finance

The Board of Directors of NXTDIGITAL Limited on Tuesday approved the proposed scheme of arrangement between NXTDIGITAL Limited (NDL) and Hinduja Leyland Finance Limited (HLFL) and their respective Shareholders – for the merger of HLFL with the Company, subject to regulatory and shareholder approvals. The proposed scheme for the merger of HLFL...


NXTDigital shareholders approve merger with Hinduja Global

NxtDigital consolidated revenues up 5% in Q1 FY23

NXTDIGITAL said on Tuesday it has maintained its performance in the first quarter of the current fiscal of 2022-23 with consolidated revenue going up by five percent year-on-year to Rs 279.1 crore, while EBIDTA stood at Rs 54.1 crores, a growth of 6 percent YOY.

Wired subscriber base...