Indian telco Vodafone Idea is reportedly set to raise as much as Rs24.5 billion (US$293.2 million) via a preferential issue of equity shares to the local units of telecoms equipment suppliers Nokia and Ericsson.
South Africa’s Blue Label Telecoms has received approval from the country’s Competition Commission (CompCom) to take control, via a subsidiary, of operator Cell C.
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.
