By Nguyen Thi Bich Ngoc
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.
The investment would help Airtel Africa pare its debt of approximately $5 billion and help it grow its African operations.
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.
The deal follows a similar stake purchase in Cellnex by Abu Dhabi sovereign wealth fund ADIA last week.