The Indian government has reportedly expanded its ownership stake in Vodafone Idea from 22.6% to 48.99% by converting around INR369.5 billion (US$4.3 billion) of the telco’s spectrum payment dues into equity shares.
Atlas Luxco the investment vehicle of billionaire Xavier Niel raised its offer to acquire Latin America-focused operator group Millicom to US$4.4 billion.
Connectivity solutions provider iBASIS announced on Wednesday that it has signed a deal with Saudi Arabian telco Etihad Etisalat (a.k.a. Mobily) to renew and extend their multi-service IPX agreement for roaming services.