By Tanu Pandey
Axiata said it instead plans to focus on further collaboration with Telekom Malaysia, with which it parted ways in 2008.
RCom and Reliance Jio have not disclosed the exact valuation of the deal yet.
RCom said its debt and liabilities would reduce by about Rs25,000 crore via debt prepayment and transfer of its wireless assets to Jio.
The benefits accruing out of the Idea-Vodafone merger will increase on account of savings made by both Idea Cellular and Vodafone India.
In 2012, Huawei and ZTE were the subject of a U.S. investigation into whether their equipment provided an opportunity for foreign espionage.
The announcement by XL Axiata comes after the company exited the e-commerce business in 2017 when it pulled out of its e-commerce platform Elevenia.
Singtel invests $412m more in Bharti Telecom, raises effective stake in India’s largest carrier to 39.5%By Joji Thomas Philip
This marks the second time in under two years that Singtel has increased its holding in Bharti Telecom, thus raising its effective stake in India’s largest carrier. In August 2016, Singtel had increased its holding in the telco’s parent Bharti Telecom by 7.39% for around $659 million.
Line said SoftBank would hold a 51% stake in the mobile business after the issuance of new shares, with Line holding the remaining 49%.
Airtel had expressed an interest to acquire the Nigerian firm but it declined to submit a financial bid before a Jan. 16 deadline.
Under the agreement, Telkom will invest in Cellum in two tranches for a 30.4 percent stake. The Southeast Asian telecommunications giant will also facilitate the penetration of Cellum’s services in Indonesia, the region’s largest economy. Financial details of the deal have not been disclosed.