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Monday, March 18, 2019
Vodafone Idea in talks to sell mobile tower stake, optical fibre assets for Rs 20k cr

L&T set to seal Mindtree deal with Café Coffee Day founder VG Siddhartha

Mindtree chairman and cofounder Krishnakumar Natarajan meanwhile warned against a hostile takeover bid in a letter to the L&T board on Saturday. Larsen & Toubro (L&T) is planning to sign a deal with Café Coffee Day founder VG Siddhartha to buy his 21% stake in MindtreeNSE 1.05 % and launch an open offer for an additional 31% stake in the IT company, probably as early as Monday evening, said several people aware of the developments. ...more

Today’s headlines
Enterprise
Vodafone Idea board meet Mar 20 on rights issue
Vodafone Idea has called for a Board meeting on March 20 Wednesday to discuss the rights Issue, whereby the telecom operator plans to raise Rs 25,000 crore. ...more
Reports
City’s telecom ‘dark spots’ may soon be a thing of the past
Indus Towers holds talks with the govt. to improve mobile connectivity Telecom infrastructure firm Indus Towers has begun discussions with the Tamil Nadu government as part of efforts to improve mobile connectivity. ...more
Centre Refers BSNL 4G Spectrum To Telecom Regulator: Report
BSNL has been seeking 5Mhz of 4G spectrum on 2100 Mhz band for which it had sent a proposal approved to DoT. ...more
VAS
E-comm players, online brands launch trade association TECI
E-commerce companies such as Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe, Fynd and scores of others have come together to establish a trade association, The E-Commerce Council of India (TECI). ...more
         
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