China’s CEE Fund to buy Magyar Telecom’s Invitel Group for $214m

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China-CEE Fund & CEE Equity Partners will help Invitel expand its business

Invitel tent at an expo in Hungary | Photo: Invitel Facebook Page

Viettel-backed group gets licence to become 4th telecom operator in Myanmar

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It will focus mainly on grabbing market shares in the rural areas.


China: Xiaomi eyes $14b sales in 2017, to focus on AI, online finance

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Xiaomi Corp., one of China’s most valuable technology startups, is shooting for more than 100 billion yuan ($14.5 billion) of revenue in 2017, even as it pledged to slow its pace of business expansion and overhaul an online-focused retail strategy. Chief Executive Lei Jun laid out his goals for the year, which… Read more »


Israel’s Electra buys mobile phone operator Golan for $91m

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Israel’s Electra Consumer Products has agreed to buy upstart mobile phone operator Golan Telecom for 350 million shekels ($91 million), ending months of speculation over Golan’s future. Electra also said it had signed a 10-year network sharing agreement with Cellcom, Israel’s largest mobile operator, and that Cellcom will lend it… Read more »


India 2017: IT, telecom brace up for disruptions, consolidation

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Reliance Jio Infocomm Ltd’s aggressive launch last year should certainly lead to consolidation among telecom companies. Two big disruptive technologies—bots and cloud computing—meanwhile pose an existential dilemma for India’s $150 billion outsourcing industry. 2017 should see a more aggressive push by domestic information technology (IT) firms in monetizing platforms, investments… Read more »


India: IoT and 5G will be the flavour of 2017, says Trai chairman

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In what could herald a new era in telecom technology in India, the industry watchdog will soon release consultation papers ahead of framing regulations and standards for the rollout of 5G networks and Internet of Things (IoT). 5G is the next generation of wireless networks, which are expected to offer… Read more »


RCom-Brookfield: Reliance Infratel minority investors want to give up stake

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A group of private equity (PE) and hedge funds representing minority shareholders of Reliance Infratel Ltd, the telecom tower arm of Anil Ambani’s Reliance Communications Ltd (RCom), have demanded that RCom buy their stakes back before going ahead with its majority stake sale to Brookfield Infrastructure Group, two people aware… Read more »


Zain Saudi in talks to sell mobile towers to TASC and ACWA

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Zain Saudi is in talks to sell its mobile transmitter towers to a consortium comprised of TASC SAL and ACWA Holding, Saudi Arabia’s No. 3 telecoms firm by revenue said in a bourse statement on Thursday. The company, 37 percent-owned by Kuwait’s Zain Group , has been exploring the sale… Read more »


TPG wins bid to be Singapore’s fourth telco

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Singapore’s telecommunications regulator said a unit of Australia’s TPG Telecom made the winning bid of S$105 million ($73.7 million) in an airwaves auction that would make it the city-state’s fourth telecoms operator. TPG’s unit will be provisionally allocated 60 MHz of spectrum made available in the new entrant spectrum auction,… Read more »


Indonesia: XL Axiata, Indosat fix capex at $516m each for 2017

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Two of Indonesia’s largest telecom operators, PT Indosat Tbk (ISAT) and PT XL Axiata Tbk (EXCL), have set their capital expenditure target at Rp 7 trillion ($516 million) each for the next year. About 70 per cent of Indosat’s capex will be used to expand data services, while the majority… Read more »