India: Vodafone Idea’s $3.6b rights issue to cause massive dilution

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The issue will increase the number of Vodafone Idea shares by 229%, diluting it to 28.74 billion outstanding shares.

India: RCom pays Ericsson, asset sale to Jio falls through

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RCom said the airwaves deal had been called off by “mutual consent” due to objections from India’s telecom department and more than 40 of the company’s foreign and domestic lenders.


Xiaomi ups India play, injects $507m in largest investment this year

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Xiaomi Singapore Pte Ltd has invested in the Indian entity in two tranches in January and March, respectively, this year.


Singtel partners with NETSTARS to expand mobile wallet in Japan

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Singtel is keen to expand beyond its traditional carrier services into areas such as digital marketing, cybersecurity, mobile payments and video streaming.


Singapore’s Singtel, GIC to buy stock worth $1.23b in Indian telco Bharti Airtel

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After the rights offering, Singtel’s effective interest in Airtel will be 35.2 percent. Singtel has a direct equity stake of about 15 percent.


India: Bharti Airtel to raise $4.5b to pare debt, expand its network

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The board has also authorised the committee to prepare for the rights issue and bond sale immediately.


What stands in the way of telco consolidation in Indonesia? Regulation and plenty more

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With a national election looming in April, it remains uncertain if any reform on spectrum transfer can be made in time.


Singapore mobile internet firm BIGO to invest $100m on India expansion

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The company is looking to expand its presence in three more regions including India.


Bharti Airtel unit to merge with Telkom Kenya to take on rival Safaricom

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The merged company will take on industry leader, Safaricom which is partly owned by Johannesburg-based Vodacom Group Ltd.


SoftBank Corp reports quarterly profit jump in first post-IPO earnings

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SoftBank Corp CEO Ken Miyauchi said new services and the adoption of high-speed 5G networks meant the smartphone market had ample room for growth.