Business News

Bharti Airtel may raise $1 bn from sale of Nigeria towers; deal may be sealed in 3 weeks

The Economic Times Bharti Airtel is expected to reach an agreement on the sale of its telecom towers in Nigeria for more than $1 billion within the next three weeks. American Tower Company (ATC) is believed to be leading the race to buy the 4,000 towers, followed by IHS Towers, […]

Alibaba Seeks $21.1 Billion in Record-Breaking U.S. IPO

Sep 5, 2014/Bloomberg Alibaba Group Holding Ltd., the e-commerce company whose fortunes surged along with China’s economy, plans a historic U.S. initial public offering that may also claim the global record. Alibaba is seeking a valuation of as much as $162.7 billion, larger than 95 percent of the Standard & […]

CaixaBank to Buy Barclays’s Spanish Unit for $1.1 Billion

Sep 1/Bloomberg CaixaBank SA (CABK), Spain’s third-biggest lender, agreed to buy Barclays Plc (BARC)’s banking operations in the country for about 800 million euros ($1.1 billion) in cash to expand its business as economic growth picks up. The sale includes consumer, wealth and investment management and corporate banking businesses, Barcelona-based […]