The parent companies of Indonesian telcos XL Axiata and Smartfren have reportedly asked permission from telecoms regulator KemKominfo to carry out a long-planned merger of the two companies – and seem likely to get it.
Pakistan Telecommunications Company Limited (PTCL) says it has raised US$400 million in debt financing to cover the cost of its planned acquisition of Telenor Pakistan.
Liberty Global has agreed to sell its Slovakian subsidiary, UPC Slovakia, to e& PPF Telecom Group’s local unit O2 Slovakia for EUR95 million (around US$110 million), as e& continues to diversify its telecoms portfolio.
China Telecom Global has officially kicked off operations in Saudi Arabia with the launch of new subsidiary China Telecom Gulf, which has already secured its first cooperation agreements with local telcos STC and state-owned BTC Networks.