Bahrain Telecom and PE funds have also made non-binding bids.
Ooredoo is launching a mobile money service named M-Pitesan.
Wall Street is betting Sprint Corp. and T-Mobile US Inc. will soon revive talks on a blockbuster merger, but a recent surge in demand for wireless assets has Sprint exploring other ways to unleash value. Sprint’s parent SoftBank Group Corp. believes the company’s vast trove of wireless spectrum, which can… Read more »
Vodafone and Idea are set to merge to create India’s largest telecom operator
In 10 days, the U.S. Federal Communications Commission (FCC) will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc, Sprint Corp and Dish Network Corp to be the first ones out of the gate. Shares of these companies have soared over the… Read more »
Remgro Ltd. of South Africa is in talks to sell broadband provider Dark Fibre Africa to a company owned by Nippon Telegraph and Telephone Corp. of Japan, according to three people familiar with the matter. Remgro, which owns 51.9 percent of the business, and investment partner New GX Capital are seeking as… Read more »
Huawei Technologies Co.’s earnings grew at their slowest pace in five years, as China’s biggest maker of telecommunications gear sank money into research and a marketing blitz to gain ground on Apple and Samsung in smartphones. Huawei, founded by former army engineer Ren Zhengfei three decades ago, has emerged as one of China’s… Read more »
Idea could also sell its stake to Bharti Infratel at a later stage
The worst may be over for Xiaomi Corp. The Chinese smartphone maker once compared with Apple Inc. has resumed growth and global revenue should surpass $15 billion this year as an expensive gamble on India pays off, billionaire co-founder Lei Jun said. After spending $500 million in the subcontinent since its… Read more »
FPT Myanmar, owned by Vietnam tech major FPT Corporation, is progressing on implementing the first phase of fibre infrastructure development which will require an investment of $50 million by the firm up to 2018. FPT Myanmar is also initiating talks to sign on a potential local partner, who will hold… Read more »