ngpay acquires 100% in iGrahak Mobility

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Singapore registered Next Generation Payments Pvt Ltd that offers mobile payment platform under the brand ngpay in India, has acquired a 100% stake in its subsidiary JiGrahak Mobility Solutions Pvt Ltd, for an undisclosed amount. Prior to that, JiGrahak had bagged $2.2 million from Helion Venture Partners in 2006. Two… Read more »

Viettel Global to invest $800m in Myanmar

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Vietnam’ s telecom company Viettel Global is setting up a joint-venture with Myanmar investors to build a $1.8 billion mobile network in Myanmar. This was disclosed in the company’s recent shareholders meet. According to the terms of the deal, Viettel Global will directly invest $800 million and the remaining $… Read more »


Globe Telecom eyes Myanmar

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Philippines-based Globe Telecom Inc is considering Myanmar as a potential expansion area and is looking into the possibility of expanding operations within ASEAN, the company said in a statement. Myanmar is a potential expansion area for Globe Telecom, president and CEO Ernest Cu told participants during the recent Asia Pacific… Read more »


Indonesia’s Telin, Akamai enter tech solutions biz partnership

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State-owned telecommunications and network provider Telekomunikasi Indonesia International (Telin) has partnered with US-based cloud services firm Akamai Technologies Inc to provide advanced tech solutions to business customers in Indonesia. In an official statement, Telin said it had joined the Akamai NetAlliance Partner Program to be able to provide Akamai’s Web… Read more »


Viettel Mobile doubles charter capital to $4.7b

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The state-owned Viettel Mobile is planning to double its charter capital to $4.7 billion (VND 100 trillion). The government has already passed a decree for this. The announcement came just weeks after Viettel announced its  plan to invest $1 billion in a new 3G mobile phone network in Tanzania, Africa; the… Read more »


PLDT HOME clocks 12% growth, $226.7m revenue in Q3

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The Philippine Long Distance Telecommunications Company’s (PLDT) broadband business has  generated $226.7 million (P10.2 billion) in revenues for the first three quarters of 2014, up 12%, in the same period in 2013. The telco’s PLDT HOME, with its products and services was estimated to be three times larger than competition. The broadband… Read more »


Elite ups stake in Mobile World Group to 7.2%

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Mutual Fund Elite has invested $15.3 million (VND 326 billion)  to purchase 3,198,714 shares of Mobile World Group (MWG), increasing its ownership in the mobile retail chain, to 7,708,207 shares. This represent 7.23% of the total equity in the MWG, making Mutual Fund Elite one of the major shareholders in the… Read more »


PH telco Globe registers 198% jump in income

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Philippine-based telco Globe Telecom has reported a net income surge of 198% for the first nine months of the year (January-September 2014). Its net profit increased by 22%, year on year for the same period, on the back of increasing consumer base and higher data connectivity demand in the country, said the company. The net income surged… Read more »


Samsung to invest $3b in Vietnam phone facility

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Electronics major Samsung plans expand it’s smartphone manufacturing facility in Vietnam by investing $3 billion in a second plant, next to its existing facility in the country’s Thai Nguyen province. Thai Nguyen province has officially granted an investment license to Samsung Electronics Vietnam Thainguyen (SEVT) for building the new mobile phone factory, next to… Read more »


PH set for smartphone explosion in 2015

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Next year, Philippines is expected to witness an explosion of premier smartphone users, says the country-based telecom operator Smart Communications (Smart) The smartphone user penetration, which stands at 15% of the population, is expected to go up to 50% in 2015, the company added, citing a study by On Device Research. Smart has already… Read more »