DNB gives four telco investors bigger stakes – at least for now

Malaysian operator Axiata announced it had secured a deal to sell its Myanmar operations and exit the country, which is currently in the midst of a civil war. 

The International Finance Corporation (IFC) has approved a $400 million loan for Pakistan Telecommunications Company Limited (PTCL), marking a significant step toward its acquisition of Telenor Group’s operations in Pakistan.

Indosat Ooredoo Hutchison (IOH) reported profits surging in its Q1 results supported by revenue growth across its units, and cutting down costs.