Reliance Jio Platforms is reportedly considering a public listing of around 2.5% of shares on the Indian stock exchange, move that could raise roughly US$4 billion and potentially mark India’s largest-ever IPO.
Veon welcomed a letter from shareholder Shah Capital, which criticised the operator’s board for poor stock price performance, and agreed there is potential for improvement.
Globe Telecom announced it has secured a PHP5 billion (US$87.5 million) loan from the Bank of Commerce to support its capital expenditure programme, according to ABS-CBN.