Corporate

Corporate news, corporate developments and various announcements by corporates. Under this we also bring you regulatory developments of corporates and track their financial results including the quarterly as well as annual results. Besides, hiring and appointments by various corporates and enterprises are also featured in this section.

Spyder Facilities Acquired by Digital Colony

Spyder Facilities Acquired by Digital Colony

June 18, 2019 at 9:35 am 0 comments

Digital Colony, a global investment firm dedicated to strategic opportunities in digital infrastructure, today announced further growth of its UK platform through the acquisition of Spyder Facilities Limited, a leading UK wireless infrastructure company with over 5,000 locations available for wireless transmission technologies including the latest 5G rollout. Financial termsRead More

Dassault Systems Acquires Medidata For $5.8 Bn

Dassault Systems Acquires Medidata For $5.8 Bn

June 12, 2019 at 2:18 pm 0 comments

French technology major Dassault Systèmes is acquiring Medidata Solutions, an expert in digital transformation of the Life Sciences industry, for $5.8 billion in an all cash deal at $92.25 per share. The transaction was unanimously approved by the Boards of Directors of both companies and is expected to complete inRead More

American Tower To Acquire Eaton Towers For $1.85 Bn

American Tower To Acquire Eaton Towers For $1.85 Bn

May 31, 2019 at 6:59 am 0 comments

American Tower has announced its intent to buy Eaton Towers Holding which owns and operates approximately 5,500 sites across five African markets. The total consideration for the transaction, including Eaton Towers debt, is approximately $1.85 billion, the company said in a SEC filing. As a result of the transaction, theRead More

Bharti Infratel, Indus Merger At Final Stage, Bimal Dayal To Be CEO Of New Entity

Bharti Infratel, Indus Merger At Final Stage, Bimal Dayal To Be CEO Of New Entity

May 21, 2019 at 6:59 pm 0 comments

Two of the largest telecom tower firms in the country, Indus Towers and Bharti Infratel, are getting merged and the process is at advanced stage of completion, both the firms today said in a joint statement. The firms also informed that the management of both the firms have decided toRead More

Airtel, Hughes India Merge VSAT Business, Command 63% Market Share

Airtel, Hughes India Merge VSAT Business, Command 63% Market Share

May 7, 2019 at 9:30 am 0 comments

Bharti Airtel has merged its satellite services with that of Hughes India, the country’s largest VSAT service provider. With this merger the joint entity will be commanding a market share of 63% in India’s VSAT services business. As per the contract Hughes will have a majority stake, we understood itRead More

ZTE Reports $128 Mn Profit In Q1 Despite A Bad 2018

ZTE Reports $128 Mn Profit In Q1 Despite A Bad 2018

May 1, 2019 at 1:24 pm 0 comments

ZTE has reported its first-quarter results of 2019 and it has posted a net profit of 863 million Chinese Yuan in net profit which approximately translates to $128 million. This is against a loss of almost $800 million or 5.4 billion Yuan (RMB) loss a year back for the sameRead More

Despite 36 Commercial 5G Deals Nokia Posts Huge Loss In Q1

Despite 36 Commercial 5G Deals Nokia Posts Huge Loss In Q1

April 26, 2019 at 1:12 pm 0 comments

Finnish telecom gear maker Nokia reported a significant loss in its Q1 financial results. The firm reported loss 55 million Euro in Q1, 2019 as against 239 million Euro profit for the same period a year ago. The company reported 5 billion Euro in revenue for Q1 as against 4.9Read More

Hitachi To Acquire Robotic Firm JR Automation For $1.4 Bn

Hitachi To Acquire Robotic Firm JR Automation For $1.4 Bn

April 26, 2019 at 11:20 am 0 comments

Hitachi has said it is planning to acquire JR Automation, an America-based robotics system integrator, that builds production lines and logistics systems using industrial robots, for $1.4 billion or 158.2 billion Yen. With this acquisition Hitachi will enter the robotic SI business in North America, which is a region that isRead More

Bharti Infratel Revenue For Q4 Down 2%, Full Year Up 1%

Bharti Infratel Revenue For Q4 Down 2%, Full Year Up 1%

April 24, 2019 at 8:16 pm 0 comments

Bharti Airtel’s tower arm Bharti Infratel Wednesday reported its financial results for fourth quarter ended 31 March 2019 and for the full year FY2019. The company posted revenues of Rs 3600 crore for Q4, showing a dip of 2% for the same period a year ago. In Q4, 2018, BhartiRead More

Tejas Networks FY19 Net Profit Up 38% At Rs147 Cr

Tejas Networks FY19 Net Profit Up 38% At Rs147 Cr

April 23, 2019 at 6:06 pm 0 comments

Home grown telecom firm Tejas Networks has announced its financial results for Q1 as well as the full year of fiscal 2019. For the FY 2019, the firm posted net profit of Rs 147.24 crore showing an increase of 38.2% over the previous fiscal. For FY2018, the firm’s net profitRead More