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American Tower Corp buys towers of Idea and Vodafone in India for $1.2 bln

Vodafone India and IdeaCellular Ltd said they agreed to sell their standalone tower businesses in India to the local unit of American Tower Corp for an aggregate enterprise value of Rs 7,850 cr (US $1.2 billion).In case the sale is completed before the merger of Vodafone India and Idea,

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RCom says still talking to Brookfield, others to sell towers

Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets."The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group," it said.The clarification comes after reports that Brookfield had withdrawn from the tower deal completely sent

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Reliance Infrastructure says sale of transmission assets to Adani on track

Reliance Infrastructure Limited said it signed an agreement to transfer some of its transmission assets, under the Western Region System Strengthening Scheme (WRSSS), to two of its subsidiaries ahead of their sale to Adani Transmission Limited.In December 2016, RInfra has entered into Share Purchase Agreement with Adani Transmission

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Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale.The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV Chelsea, LLC, an affiliate of Kalnin Ventures LLC,

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Reliance Industries sells Marcellus shale assets for $126 mln

Reliance Industries said it had signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania, known as Marcellus shale.The assets, which are currently operated by Carrizo Oil & Gas, Inc., were sold to BKV Chelsea, LLC, an affiliate of Kalnin Ventures LLC,

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Axis Bank confirms exiting POS maker Mswipe

Axis Bank confirmed it had sold its 8% share in new-generation card-swiping-machine company Mswipe Technologies.In a regulatory filing, the private sector bank said it sold its 8% stake for Rs 80.94 cr, or Rs 4,249 per share.Mswipe is one of the new generation, low-cost swipe-machine companies, and offers cheaper

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Reliance Communications sells its towers to Brookfield for $1.6 bln

Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners.RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion).RCOM will also receive Class B non-voting shares in the

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Spectrum Trading norms to lead to exits — Airtel, Idea, Vodafone, Reliance Jio seen winning

Spectrum trading is likely to lead to consolidation in the Indian telecom industry and four telecom operators -- Bharti Airtel, Idea Cellular, Vodafone and Reliance Jio -- are likely to emerge the winners -- analysts said."The industry could see emergence of four pan-India players (Bharti Airtel Limited, Vodafone India Limited,

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Godrej Properties sells Puravankara Bangalore plot to Shubh Properties

Godrej Properties Ltd said it has transferred majority ownership in a special purpose unit developing an 18-acre plot in Kanakapura to Shubh Properties Cooperatief U.A. -- a joint venture between APG Groep N.V., Sparinvest Property Investors and Godrej Properties Ltd..The plot was acquired by Godrej Properties (in association with Dutch

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