Malaysia’s OCK incorporates telco subsidiary in Myanmar

By
Posted

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

By

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 »


Telkom Indonesia cancels plan to buy 2Degrees

By

Indonesia’s state-owned mobile phone company PT Telkom has cancelled plans to acquire New Zealand’s third largest mobile operator, 2 Degrees Mobile, after both companies failed to agree on the deal price. PT Telkom revealed this to the local stock exchange when responding to a query from the bourse. According to local media… Read more »


Singapore’s Globe Telecom unit gets FBO license

By

Philippine mobile carrier Globe Telecom will be providing international cable capacities and other telecommunications services in Singapore after securing a license as a facilities-based operator (FBO). Globe disclosed to the stock exchange that its unit GlobeTel Singapore Pte Ltd officially obtained the FBO license from the Infocomm Development Authority (IDA)… Read more »


Axiata eyes stake in Vietnam’s MobiFone

By

Malaysian telecommunications group Axiata  Group Berhad  is interested in partnering partnering Vietnamese network operator MobiFone after its future equitization, and the company had conveyed this message during a recent meeting with Vietnam’s Ministry of Information and Communications (MoIC) ,local media reports said. Axiata joins a growing list of European and… Read more »


Vserv,KL Axiata partner for mobile marketing

By

Vserv has partnered PT XL Axiata Tbk to integrate the Vserv Smart Data platform with XL, which aims to help mobile entertainment companies drive higher return on investments. Through this partnership, Vserv and XL Axiata will enable mobile entertainment marketers to target the most relevant audience, with the right advertisements… Read more »


eBay to raise stake in Metra Plasa

By

E-commerce giant eBay might be acquiring more shares in Metra Plasa, a joint venture between eBay and Telkom. The acquisition, eBay’s third, will change the ownership composition, increasing eBay stake in Metra to 49 per cent, from the earlier shareholding of 40 per cent. Telekom will reduce its stake accordingly from 60 per cent… Read more »


ngpay acquires 100% in iGrahak Mobility

By

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

By

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

By

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 »