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

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.


Axiata arm edotco ends deals to buy tower assets from Pakistan Mobile

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The transaction was terminated due to the non-fulfillment of certain conditions.


India’s NCLT gives its nod to Idea-Vodafone unit merger

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Idea Cellular and Vodafone have cleared the last regulatory hurdle to merge their operations in India, opening the way for the creation of a new market leader in the fiercely competitive market.


India: DoT seeks $232m to clear way for Airtel-Tikona merger

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Airtel has, however, approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) seeking a stay on the DoT demand.


Japanese e-commerce giant Rakuten unveils plan to fight Amazon, SoftBank

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The new mobile business, slated for debut next year, will tie together the company’s disparate portfolio of about 80 different services.


Reliance Jio raises $214m via private placement of NCDs

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Reliance Jio will use the proceeds to expand its operations in the GigaFiber segment.


Chinese smartphone giant Xiaomi loses post-IPO sheen

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For Xiaomi, the real battle revolves around growing services income — its main source of profit. While it’s made advances in China with its own video, music and finance apps, those businesses barely exist elsewhere.