IPO hopeful Xiaomi set to surpass 2017 revenue target, to fetch $1b profit

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Bankers and analysts expect Xiaomi’s profits to continue growing sharply into 2019, which one source said would make a $100 billion valuation at IPO look “reasonable”. 

Tanzania claims ownership to Bharti Airtel’s local unit fuelling rights dispute

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International phone operators have become a target for African govts & regulators as a potential source of state revenue or to boost local economies.


Indian telecom major Bharti Airtel to acquire Millicom’s operations in Rwanda

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In March, Bharti Airtel had announced the merger of Millicom’s Ghana operations with Airtel Ghana Ltd.


Singapore telecom firm Starhub acquires D’Crypt in $90m deal

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The proposed acquisition will enhance StarHub’s solutions capabilities in cryptographic and digital security, ICT and IoT.


Rakuten seeks license to become Japan’s fourth major mobile carrier

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Japan’s mobile carrier market is currently dominated by NTT Docomo Inc, KDDI Corp and SoftBank Group.


China Telecom poised for Philippines foray, could become country’s third carrier

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China Telecom will have to look for a local partner with an existing franchise and a significant presence in the Philippines.


Philippines seeks more foreign investors in telecom, says China in frontline

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The bid to open up the sector has prompted local firms such as Philippine Telegraph & Telephone to start talks with China’s two biggest telecoms providers.


Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

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The Malaysian firm is the largest VSAT satellite operator in the country, serving corporate clients


Philippines: PLDT digital unit may bring in Chinese partner

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A Chinese company was likely to come in as a strategic partner for PLDT unit Voyager Innovations.


Qatar Foundation unit offers to sell $1.46b stake in India’s Bharti Airtel

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Three Pillars Pte., Singapore, an affiliate of Qatar Foundation Endowment SPC, is selling as many as 199.9 million Bharti Airtel shares for 473 to 490 rupees each on Wednesday.