Idea Cellular approves capital increase ahead of Vodafone merger

(Telecompaper) Indian operator Idea Cellular has approved plans to raise up to INR 67.5 billion in the sale of new shares, in order to strengthen its capital position ahead of completing its planned merger with Vodafone India. The company will sell INR 32.5 billion in shares to its controlling shareholder the Aditya Birla Group at a small discount of INR 99.5 per share, and sell the remaining shares to institutional investors or through a rights issue. The plans mean ABG will receive a slightly higher stake in the merged group with Vodafone. …read more

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AT&T, Verizon prepare for 5G commercial launch later in 2018

(Telecompaper) US operators are rushing to become the first to launch 5G services. AT&T announced that it expects to be the first with a launch of mobile 5G service in a dozen markets by late 2018. Verizon meanwhile announced a contract with Samsung to start commercial 5G fixed-wireless services in Sacramento, California in the second half of 2018. …read more

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