Nokia’s Indian unit, Nokia Solutions and Networks India Pvt Ltd, has reportedly sold its 0.95% stake in Vodafone Idea (Vi) to a group of global investment banks in a bulk deal worth INR7.85 billion (US$92 million).
Indian operator Vodafone Idea finally has some good news to celebrate after a reported gain in subscriber numbers and a potentially positive outcome in its pursuit of relief from AGR debt demands. But will this good fortune last?
Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.
Telefónica has announced a US$1.2 billion deal to sell its entire stake in its Argentinian unit to Telecom Argentina, though the transaction could be blocked by government intervention over competition concerns.