By Chijioke Ohuocha
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.
Jio agreed to buy RCom’s wireless spectrum, media convergence node assets, 43,000 towers, and around 178,000km of fibre network for an undisclosed sum.
The consortium is led by Mukund Rajan, the head of international operations for Tata Group’s holding company.
The additional investment of $60 million will be raised through both equity and debt.
If successful, MobiFone expects to pocket at least VND400 billion ($17.6 million) from the auctions based on the starting price.
Its top customer will be the new telecom operator, Myanmar National Tele & Communications Ltd (MNTC), backed by Vietnam’s Viettel
The deal will increase Aditya Birla Group’s stake in Idea to 47.2% from 42.4% currently.
Lavinia Koh, Group CFO of MyRepublic, discusses the telco’s growth strategy and IPO prospects.
Reliance Jio Infocomm Ltd will buy a majority of the wireless assets of Reliance Communications Ltd (RCom) in a deal that will give the Mukesh Ambani-controlled telecom operator access to valuable 4G spectrum and help his younger brother Anil repay lenders. Both the companies, in separate statements, said that Jio… Read more »