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What can cash-strapped Indian operator Vodafone Idea (Vi) do after plans for the conversion of dues it owes to the Indian state into a government stake were once again delayed, this time due to the operator’s low share price?
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In what is described as its largest-ever financing for mobile telecoms network expansion in Africa, the European Investment Bank (EIB) has agreed to €100 million financing (about US$99.5 million) with operator MTN Nigeria to support the telecommunications company’s network expansion programme.
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Venezuela’s telecoms sector has not been flush with positive developments of late – the country’s economy has been in a downward spiral for well over five years now, and this has caused a staggering decline in a sector that had seen average to strong growth up until around 2015.
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Saudi Arabia’s sovereign Public Investment Fund (PIF) has made a non-binding offer of nearly US$6 billion to acquire 51% of STC’s towers unit TAWAL.
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Safaricom Ethiopia has plans to invest around US$500 million into its operations during its first year of commercial activity.
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The Qatar Investment Authority is reportedly in advanced negotiations with the Egyptian government to acquire around US$2.5bn of state holdings in various firms, including market-leading mobile operator Vodafone Egypt.
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It’s never a good sign when a government steps in to block internet access, or bans a communication platform such as Twitter, and unfortunately such practices are not unheard of in the markets we cover at Developing Telecoms.
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IFC — a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets – has announced that it is expanding its relationship with West Indian Ocean Cable Company Holding (WIOCC Group), a leading digital connectivity and infrastructure provider in Africa, with a $30 million equity investment.
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The recapitalisation of South African mobile operator Cell C has finally been completed after years of negotiation. That’s the news from Blue Label Telecoms, the largest shareholder in Cell C, which sells innovative technology for mobile commerce to emerging markets in South Africa and abroad.
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Operator Orange Côte d’Ivoire has opened its Orange 5G Lab, devoted to digital professionals, start-ups and businesses, at an event attended by Mr Amadou Coulibaly, Minister of Communication and Digital Economy, and a number of senior figures from Orange.
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A deal that was close to being done and dusted months ago may face a new period of uncertainty, with Brazilian operators TIM, Vivo and Claro apparently requesting a reduction in the price they are expected to pay for the mobile division of beleaguered telecommunications company Oi.
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The World Bank's private investment arm, the International Finance Corporation (IFC), has announced plans to invest in Safaricom Ethiopia.
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There are still a few caveats, but it looks as though giant operator Vodafone is getting closer to selling its stake in India's largest mobile tower installation company after Indian news reports suggested a Canadian pension fund is considering making an offer.
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A third of Mexican households have no internet access, something the Mexican president, Andres Manuel Lopez Obrador, is keen to change with a massive proposed investment in internet connectivity.
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The Indian government has offered an upbeat initial assessment of the 5G spectrum auction that finally finished on 1 August, saying that the 71% of spectrum sold – 51.236GHz out of 72.098GHz – is good enough to cover the entire country with 5G within two or three years.
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While we await the final results of the 5G auctions, Indian news outlets are reporting that the government has finally approved the merger of state-owned companies Bharat Broadband Network Limited (BBNL) and Bharat Sanchar Nigam Limited (BSNL). The government will also pump more money into BSNL.
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Sri Lankan operator Dialog Axiata says it is set to expand and improve broadband connectivity across the country with International Finance Corporation (IFC) support.
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A leading Israeli colocation data centre infrastructure provider has attracted the attention of one of the world’s biggest and best-known private investment firms.
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Google is set to take a 1.2% stake in Indian operator Bharti Airtel via an equity share issue after the move was cleared by the Indian firm’s directors.
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Mexican regulator IFT (Instituto Federal de Telecomunicaciones / Federal Telecommunications Institute) has cleared a financing deal that will see ALTAN Redes (Red Compartida) become a public-private partnership funded by the Mexican Development Bank.
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Thailand’s Prime Minister Prayut Chan-o-cha announced the establishment of a new public-private partnership focused on using 5G to encourage economic growth across several industry verticals.
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There’s good news for telecommunications companies in, or serving, India with the announcement by the Department of Telecommunications of additions to the area of the production-linked incentive (PLI) scheme relevant to telecoms and networking.
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Pakistan’s digital economy received a boost this week with news of a major investment in the country’s e-commerce sector.
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SoftBank Corp, a leading Japanese communication and information technology service provider, says it has secured an equity stake in German company 1NCE, described as the only provider of connectivity and software for IoT at a global flat rate. It has also signed an exclusive distribution deal covering the Asia-Pacific (APAC) region.
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Google has backed India's ShareChat social media platform in a major funding round that implies a $5 billion valuation of the company – up from a previous valuation of $3.7 billion.
