China Telecom, local tycoon join hands to bid for Philippine telco licence

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The third license, which could be awarded by year-end, comes at the behest of Philippine President Rodrigo Duterte and aims to boost the country’s notoriously patchy services and end a domestic duopoly long accused of being uncompetitive.

Airtel names board of directors for Africa unit ahead of share sale

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The announcement came after the company’s African arm completed raising a fresh equity issue worth $1.25 billion from six leading global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International.


ATC to buy Tata Teleservices, IDFC PE stake in mobile tower arm for $397m

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Post acquisition, ATC will hold an ownership interest of approximately 79 per cent in its India operations.


Airtel Africa raises $1.25b from SoftBank, Temasek, others to pare debt

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The investment would help Airtel Africa pare its debt of approximately $5 billion and help it grow its African operations.


CK Hutchison said to review $1b Italy telecom tower portfolio

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CK Hutchison is replenishing its funds after spending 2.45 billion euros ($2.8 billion) earlier this year to buy out partner Veon Ltd.’s stake in their Italian wireless venture.


Singapore’s GIC buys stake in Cellnex Telecom from Italy’s Benettons

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The deal follows a similar stake purchase in Cellnex by Abu Dhabi sovereign wealth fund ADIA last week.


Axiata’s Asian dreams fade as rivals bid for its overseas units

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Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd and Keppel Corp to buy out its stake in M1 Ltd.


Axiata likely to reject Keppel-led offer for Singapore mobile firm M1

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Axiata is in talks to team up with PE firms and other companies as it considers options to launch its own offer for a bigger stake in M1.


Indian billionaire Anil Ambani in negotiations to shed control of RCom

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The company helmed by billionaire Anil Ambani is negotiating with two investors who are conducting due diligence.


Axiata’s tower arm in talks for acquisitions over next 12 months

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The unit, edotco, recently cancelled a $940-million deal to acquire 13,000 towers from a unit of Pakistan Mobile Communications as regulators failed to provide all approvals for the transaction to go through.