PLDT to invest $100m in Big Data services

By
Posted

The Philippine Long Distance and Telephone Co (PLDT) is planning to invest around $100 million in its Big Data business, meant to help companies and government agencies develop more effective products, services, and programs for their target markets, a top company executive said. “The overall budget is roughly $100 million,”… Read more »

TIME dotCom pours $12m for 25% in CMC Telecom

By

CMC Telecom, Vietnam’s fourth largest telecom service provider, will sell a 25 per cent stake to Malaysia’s TIME dotCom Berhad through a strategic investment agreement inked on Friday. TIME dotCom’s investment is revealed to be $12 million, and will be extended. The deal makes CMC Telecom, one of the eight… Read more »


Singapore based telco MI buys 15% in Oman’s TeO

By

Singapore based telco M1 will pay S$10.3 million for a 15 per cent stake in Integrated Telecommunications Oman, a reseller of mobile services in the West Asian country under Telecom Oman (TeO) brand. M1, which provides mobile and fixed services to close to two million customers in Singapapore, said that its… Read more »


Ooredoo, StarHub join hands to provide data service in Myanmar

By

Ooredoo Myanmar has formed a strategic partnership with Singaporean telecommunications firm StarHub to offer data services to companies operating from Myanmar via its international fibre gateway. Both telcos have agreed to collaborate on the provision of international private leased line (IPLC) and managed services (such as IP-VPN) through each telco’s… Read more »


South Korea’s Kakaotalk discussing acquisition of Path: Report

By

South Korea’s Kakaotalk is in discussions with social networking application Path regarding the trade-sale of Path Classic to KakaoTalk, With unknown terms, the potential acquisition would grant KakaoTalk’s parent company Daum Kakao a major foothold in Indonesia, where Path is a leading social app, according to a report from Re/code, Currently, Path has 30… Read more »


Yuuzoo establishes JV with largest Nigerian media conglomerate

By

Singaporean social media and e-commerce platform Yuuzoo has formed a 50-50 joint venture with the Nigerian Television Authority (NTA) to provide content in the Nigerian market, serving a population of 178 million people in addition to several overseas markets through online, satellite and IPTV channels. All e-commerce and advertising revenue will go to YuuZoo. The… Read more »


Singtel gets ASX approval for delisting; last day of trading is May 29

By

Singapore Telecommunications Limited (Singtel) Wednesday said it had received approval from ASX Limited (ASX) to delist from the Australian stock market. DEALSTREETASIA had recently reported that Singtel had sought approval to delist, citing ‘low trading interest. Its shares have been listed in Australia since 2001 CHESS Depositary Interests (CDIs), following its… Read more »


Singapore’s telecom co Singtel to delist from ASX

By

Singapore Telecommunications Ltd (Singtel), has announced its intent to delist from the Australian Securities Exchange, due to what it described as “low trading interest”. Singtel shares have been listed on the ASX as CHESS Depositary Interests (CDIs). This has enabled foreign companies to trade on the Australian market since 2001. A CDI is… Read more »


SMRT & OMG team up to bid for Singapore’s 4th telco licence

By

Singaporean transport operator SMRT has entered an agreement with OMGTEL (OMG) to partner the latter’s bid for the city-state’s fourth wireless telecommunications (telco) carrier licence. OMG is a company incorporated by local tech firm Consistel in October 2014 in order to bid for the licence. SMRT and OMG will collaborate on providing goods and… Read more »


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

By

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 »