Airtel and Telkom Kenya were planning to merge to create a stronger challenger to Safaricom.
Telecom International Myanmar Company Limited, the company behind Mytel, is a joint venture between Myanmar government-owned Star High Public Co Ltd, a consortium comprising 11 Myanmar companies, and Vietnamese telecom company Viettel.
The move follows a settlement with Ericsson for partial payment of dues owed by RCom to the Swedish company.
Viettel has already invested in 10 countries across Asia, Africa and America.
Axiata’s telco tower infrastructure business is managed by its subsidiary edotco Group, which operates a portfolio of 27,000 towers across Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar.
Singtel had, in September 2015, acquired 98 per cent equity in Trustwave for $770 million.
Maybank Asset Management Group Bhd has announced that it has completed the acquisition of both the fund management firms of Permodalan Nasional Bhd.
TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.
India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.
The merger with Bharti Infratel Ltd. creates an entity controlling more than 163,000 towers across India.