Singtel completes Trustwave deal at lower price

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Singapore Telecommunications (Singtel) Tuesday said it had completed the acquisition of Chicago-based cybersecurity firm Trustwave for $770 million. This is about $40 million lower than the deal price of $810 million that was announced in April this year. Earlier this year, Southeast Asia’s biggest telecommunications firm by revenue said it would buy 98… Read more »

Taiwanese handset makers Arima, Asus and HTC set to assemble smartphones in Indonesia

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Taiwanese companies Arima Communications Corp, Asus and HTC Corporation will join other handset makers looking to tap the huge potential of Indonesian market by assembling handsets in the country. The three mobile phone manufacturer projects are estimated to require hundred millions dollar of investment. Director of Economic Division of Taiwan Economic Trade Office… Read more »


YuuZoo buys ‘key assets’ of Chinese mobile game developer

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Singapore-listed social e-commerce company YuuZoo Corporation announced Tuesday that it had acquired ‘key assets’ of Camigo Media LLC, a leading mobile game developer based in China. The deal includes user data for over 26 million users as well as 11 leading mobile games and the Camigo brand, the company added…. Read more »


Indonesia’s tower operator Protelindo secures $25.36m loan from DBS

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PT Profesional Telekomunikasi Indonesia (Protelindo), subsidiary of tower operator PT Sarana Menara Nusantara Tbk (TOWR), controlled by the Djarum Group, and iForte Solusi Infotek – a leading micro-cell tower provider- has signed one-year, revolving loan facility agreement worth Rp350 billion ($25.36 million) with PT Bank DBS Indonesia. Sarana Menara’s Corporate Secretary Arif Pradana,… Read more »


Telkom, Indosat, NTT Indonesia, others to bid for Palapa Ring II fiber optic project

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As many as 27 telecom and IT companies will be taking part in the tender for the Indonesian government-backed Palapa Ring II fiber-optic cable project worth $246.74 million. The tender is being carried out by the Indonesia’s Ministry of Communication and Information. The pre-qualification phase has been closed on July 31. The… Read more »


Indonesia’s Telkomsel collaborates with Trikomsel for handset bundling deals

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The largest mobile operator in Indonesia, PT Telekomunikasi Selular (Telkomsel), unit of state-run telecom operator PT Telkom Indonesia Tbk (TLKM), has joined hands with gadget store operator PT Trikomsel Oke Tbk (TRIO) to launch a device bundling program to drive the growth in smartphone users, the company said in a… Read more »


ASEAN IoT and M2M leaders to meet at Asia IoT Business Platform

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Southeast Asia’s leading Internet of Things (IoT) and Machine to Machine (M2M) thought leaders will be gathering in Jakarta in August during the Asia IoT Business Platform to discuss the opportunities and challenges of growing the IoT/M2M space in Southeast Asia. Telkomsel president director, Ririek Adriansyah, and Bambang Heru Tjahjono, director general… Read more »


Philippine-listed Globe increases stake in Bayantel to 98.5%

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Philippine listed mobile carrier Globe Telecom Inc has agreed to purchase all the equity in the capital stock of Bayan Telecommunications Inc (Bayantel) that are held by Bayan Telecommunications Holdings Corp (BTHC) and Lopez Holdings Corp (LHC). Pegged at $40.4 million (P1.83 billion), the transaction involves up to 70,763,707 Bayantel… Read more »


Indonesia government plans to license OTT services

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Indonesian government is planning to encourage the development of national over the top (OTT) mobile Internet applications, which will be able to compete with the international OTTs such as Facebook and Twitter. To support this development, the government might require that the OTT operators have license in the country, said the Minister of Communications and… Read more »


Stanchart, Indosat target unbanked Indonesians with launch of Straight2Bank Wallet

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Standard Chartered Bank Indonesia (Stanchart) of UK is partnering with a local cellular operator PT Indosat Tbk (ISAT), unit of Qatar firm Ooredoo Group, to launch Straight2Bank Wallet for corporate clients in the country, taking advantage of the growing popularity of cashless payment mechanism in the country. Straight2Bank Wallet will… Read more »