Oi Brasil fails to sell off ClientCo

A dispute over a real estate loan that left operator MTN Cameroon unable to get its hands on over US$20 million worth of assets may finally be over.

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Telefonica has taken another step in its strategic withdrawal from Latin America, agreeing to sell its entire stake in its Uruguay operations to Millicom for US$440 million.