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.
Malaysia is apparently targeting an estimated US$107 billion – or more – in investment for its semiconductor industry, an industry in which it is already well established, accounting for 13% of global testing and packaging, according to some reports.
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The 10% sell-off of Ethio Telecom is finally going ahead. In fact Reuters reports that Ethio Telecom will become the first company to list on Ethiopia’s new stock market next week when the government sells a 10% stake in the company.
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