Globe Telecom establishes AI unit

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.

Malaysian telco U Mobile announced on Friday it has appointed CIMB Bank to facilitate and arrange financing of up to MYR4 billion (almost US$940 million) to support the nationwide deployment of its 5G network infrastructure.

PLDT wireless subsidiary Smart Communications on Thursday launched a new push to drive adoption of eSIM among prepaid subscribers by allowing them to keep their existing number when they make the switch.