Tree Line Asia leads $25m Series B round in One MobiKwik

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Tree Line Asia, a Singapore-based hedge fund has led $25 million Series B round in Indian mobile wallet startup, One MobiKwik Systems Pvt. Ltd, which operates the mobile recharge and payments portal MobiKwik. Other investors were Cisco Investments, American Express and Sequoia Capital. Founded by Bipin Preet Singh and Upasana Taku, MobiKwik allows users to… Read more »

PLDT invests $22.5m in new data center

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The Philippine Long Distance Telecommunications Company (PLDT) is beefing up its data center business by investing in $22.5 million (P1 billion) for the construction of a new state-of-the-art facility based in Makati City’s central business district. Dubbed Vitro Makati, the facility will serve as the fourth Vitro Data Center in… Read more »


SoftBank acquires 19.9% stake in Polaris owned Trikomsel in $120m deal, shares surge

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Japanese telecom and media giant SoftBank Group that  is controlled by Masayoshi Son, has acquired a 19.9% stake in Indonesia’s PT Trikomsel Oke Tbk, an associate company of Singapore listed Polaris Ltd. Shares in Polaris Ltd, whose businesses involve distribution and retail of smart mobile devices and lifestyle electronics, surged 31.3 per cent Wednesday morning,… Read more »


Vivo Mobile enters Myanmar market

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Chinese smartphone manufacturer Vivo Mobile has launched its brand in Myanmar to tap the Southeast Asian countries recent telecoms boom. “Vivo Mobile’s entrance into the Myanmar market, the last economic frontier in the world, is a significant step to expand our business in the region. It’s exciting to come in… Read more »


Vietnam to commercially deploy 4G next year

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The authorities in Vietnam are planning on deployment of 4G/LTE technology, in the country by 2016. This was revealed by global telecommunications companies during the 4G LTE Summit on Thursday in the capital city of Hanoi. “Investing in 4G is essential in the development trend of the telecommunications industry,” said the… Read more »


5 USeP students awarded for mobile apps design in PH

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Five Filipino college students were awarded for designing mobile apps in the first-ever open competition at the 11th SWEEP Innovation and Excellence Awards organized by local telco giant Smart Communications Inc (Smart). The winning entries were from students of the University of Southeastern Philippines (USeP) in Mindanao, who trumped the Smart Development Network… Read more »


Viettel’s Metfone takes over struggling Beeline Cambodia

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Metfone, a brand of Vietnamese telco operator Viettel Group, developed for the Cambodian market, has announced that it has reached a deal to take over the struggling Beeline Cambodia – a unit that Russia’s second largest telecommunications group Vimpelcom sold to Sotelco Ltd in 2013. The deal value was not disclosed. Metfone,… Read more »


PH’s Globe Telecom to raise $310m debt from Philippine National Bank

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Philippine-listed telecommunications company Globe Telecom Inc disclosed on Tuesday that it signed a seven-year P7 billion ($310 million) term loan with the Philippine National Bank (PNB) meant to finance its capital expenditures (CAPEX) and corporate needs for 2015. Globe said it plans to use the CAPEX balance to invest in… Read more »


Malaysia’s OCK incorporates telco subsidiary in Myanmar

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Malaysia’s OCK Group Bhd has incorporated a subsidiary with Myanmar Integrated Networks (MIN) to expand its footprint in Myanmar’s booming IT and telecommunications market. The new subsidiary, MIN-OCK Infrastructure Pte Ltd, aims to explore opportunities in the provision of tower facilities, utilities and communication network for mobile and broadband operators,… Read more »


SG’s eDevelopment calls off CloudTel deal

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Catalist-listed Singapore eDevelopment has called off the deal to acquire China-based CloudTel Pte. Ltd, the company said in a filing with the local exchange. In August 2014, the company had signed a memorandum of understanding to buy telecom hardware and software developer, CloudTel. Interestingly, CloudTel is 50% owned by Singapore eDevelopment’s… Read more »