Ooredoo, StarHub join hands to provide data service in Myanmar

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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

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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

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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

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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

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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

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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

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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 »


PLDT invests $22.5m in new data center

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The Philippine Long Distance Telecommunications Company (PLDT) is beefing up its data center business by investing in $22.5 million (P1 billion) for the construction of a new state-of-the-art facility based in Makati City’s central business district. Dubbed Vitro Makati, the facility will serve as the fourth Vitro Data Center in… Read more »


SoftBank acquires 19.9% stake in Polaris owned Trikomsel in $120m deal, shares surge

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Japanese telecom and media giant SoftBank Group that  is controlled by Masayoshi Son, has acquired a 19.9% stake in Indonesia’s PT Trikomsel Oke Tbk, an associate company of Singapore listed Polaris Ltd. Shares in Polaris Ltd, whose businesses involve distribution and retail of smart mobile devices and lifestyle electronics, surged 31.3 per cent Wednesday morning,… Read more »


Vivo Mobile enters Myanmar market

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Chinese smartphone manufacturer Vivo Mobile has launched its brand in Myanmar to tap the Southeast Asian countries recent telecoms boom. “Vivo Mobile’s entrance into the Myanmar market, the last economic frontier in the world, is a significant step to expand our business in the region. It’s exciting to come in… Read more »