American Tower Buys Bharti’s Nigerian Telecom Towers for $1 Billion
NEW DELHI— Bharti Airtel Ltd , India’s biggest telecommunications company, has agreed to sell its telecommunications towers in Nigeria to American Tower Corp. for $1.05 billion. The move will help the Indian group reduce its heavy debt while significantly expanding American Tower’s presence... read more »
Sony warns of more restructuring in TV, smartphone units
TOKYO: Japan’s loss-making Sony Corp said it’s targeting a near 70% jump in revenue for its electronic devices division over the next three years, even as it warned further restructuring is in store for its TV and smartphone units. The ambitious plan to hoist revenue at the division... read more »
SpiceJet says in talks with investors for fresh capital
SpiceJet is in “exploratory and preliminary stage” talks with investors about raising fresh capital, the budget airline said in a regulatory statement on Monday. The airline said a few parties had approached it about making an investment but because the talks were at an early stage it... read more »
Policy consistency is critical for investors: PwC chairman
PricewaterhouseCoopers (PwC) International chairman Dennis Nally is in India to release a report that suggests that the country has the potential to grow at 9% annually and become a $10-trillion economy by 2034 from under $2 trillion currently. He spoke to TOI about the steps that the government... read more »
