By Duncan Miriri
Helios Investment, which owns a 60 % stake in Telkom, was looking to partly cash out of the investment which it entered in 2015.
Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation’s holding in the mobile phone operator to 49% from 40%.
Myanmar, where Viettel and its local partners launched a $1.5-billion 4G network last year, has emerged as one of the most promising markets for the company.
By adding new facilities through this acquisition, edotco Cambodia has expanded its reach to over 3,600 towers in the country.
In a separate deal, Telia has agreed to buy Turkcell’s share in Fintur, which enables Telia to repatriate cash from Fintur.
The proposed IPO of the African unit follows a $1.25-billion fundraise by Airtel Africa, led by Warburg Pincus, Temasek, Singtel etc.
Not only does Xiaomi remove a competitor (albeit a not very threatening one) for next to nothing, it gets to roll out a multibrand smartphone strategy just as it’s seeking broader international appeal.
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.
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.
Post acquisition, ATC will hold an ownership interest of approximately 79 per cent in its India operations.