India: Aditya Birla Group in talks with PE firms to raise $1b for Idea Cellular

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The stake sale transaction is being structured in this way to maintain the total shareholding of the promoter entities in Idea Cellular at the current level.

Telkom Kenya mulls merger with Airtel unit to take on Safaricom

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The two operators have a combined 23% of Kenya’s 41m subscribers, but have struggled to compete with Safaricom, which has 71.9% share.


Indonesia’s billionaire Hartono brothers chase tower assets as internet users swell

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Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.


ATC completes $585m-acquisition of telecom towers from Vodafone India

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Vodafone India and Idea Cellular had in November 2017 separately agreed to sell their respective stand-alone tower businesses in India.


India: Bondholders approve RCom’s asset monetisation plan

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Through this process, RCom hoped to cut its debt by Rs39,000 crore.


Singtel seeks to create platform to tap 50m users making mobile payments in Asia

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Singtel plans to expand the platform to include mobile wallets provided by associates such as those in the Philippines, India and Indonesia,


Finnish state investment arm builds $1b stake in Nokia

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Solidium, Finland’s investment arm, built the stake in Nokia by buying shares on the market over the early months of 2018.


India’s Bharti Airtel gets board approval to raise up to $2.5b in debt

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Rival Idea Cellular Ltd, too, has raised funds to build a war chest for the battle in the telecom sector.


India: NCLT admits beleaguered telecom operator’s Aircel bankruptcy plea

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Aircel and its subsidiaries Aircel Cellular Ltd and Dishnet Wireless Ltd together owe around Rs50,000 crore to creditors.


SK Telecom in race to buy Carlyle-owned ADT Caps, valued at $2.8b

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SK Telecom-Macquarie bid is up against a sole bid by a consortium led by private equity firm CVC Capital Partner.