Category: investment

Millicom International Cellular says it has entered into a non-binding memorandum of understanding (MoU) to acquire a 67.50% stake in Colombia Telecomunicaciones (aka Coltel or Telefonica Colombia) from owner Telefonica Hispanoamerica, for approximatel…

The World Bank has pledged US$100 million to fund a new project that promises to speed up development of Zambia’s digital infrastructure and narrow the digital divide.

Malayisan telco Maxis is reportedly keen to buy out rival operator U Mobile, but a deal looks uncertain with at least one major shareholder of U Mobile having already rejected the idea.

Thai billionaire Sarath Ratanavadi has reportedly announced plans to merge his power company Gulf Energy Development with its telecoms unit Intouch Holdings, which owns telco Advanced Info Service (AIS), with the resulting combined entity potentially v…

The International Finance Corporation (IFC), a global development institution focused on the private sector in developing countries and a member of the World Bank Group, has announced a financing package for TerraPay, an Africa-focused digital payments…

The International Finance Corporation (IFC), a global development institution focused on the private sector in developing countries and a member of the World Bank Group, has announced a financing package for TerraPay, an Africa-focused digital payments…

Philippine company DITO CME Holdings, the parent company of third telco DITO Telecommunity, has denied a report in local media that one of its investors, Singapore-based Summit Telco Holdings, is moving to take over the company.