Category: Telecommunication

myfisensemyfisenseSeptember 15, 2021

Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media reports. […]

myfisensemyfisenseSeptember 9, 2021

Indonesian conglomerate Djarum Group-owned Sarana Menara Nusantara plans to acquire a majority stake in the country’s telecommunication tower operator PT Solusi Tunas Pratama Tbk (STP) through its subsidiary, according to a stock exchange filing. Following the transaction, global private equity firm Carlyle Group will exit STP, which was its first investment in the country. The […]

myfisensemyfisenseNovember 2, 2020

Johannesburg headquartered African telecommunication giant has announced that it has now sold it stake of 18.9% stake in Africans home grown ecommerce business Jumia in a press release. According to the statement, MTN raked US$ 141m net proceeds from the transaction. MTN made the move in August this year with the New York Stock Exchange […]

myfisensemyfisenseOctober 27, 2020

South Africa’s fiber network operator Liquid Telecom has announced it has raised US$307 million through a rights issue to fund a speedy expansion of its data center business some strategic countries in Africa. reports that “the rights issue included an additional US$40 million from U.K. development finance institution CDC Group Plc, the group said in a […]

myfisensemyfisenseAugust 13, 2020

Liberty Global takes over Switzerland’s Sunrise Communications in a $7.4 billion deal. The all-cash $7.43 billion deal will see Liberty Global, set up by U.S. cable pioneer John Malone, pay 110 francs per share for Switzerland’s No. 2 telecoms company, a 32% premium to the company’s average share price over the past 60 days. Sunrise’s […]

myfisensemyfisenseJuly 27, 2020

UK-based communications company OneWeb, has secured a US$50 million investment from US-based Hughes Network Systems to steer it away from bankruptcy. Hughes will be joining the UK government and Bharti Enterprises in this consortium. Additionally, Hughes will continue to partner Oneweb in technology and distribution of the Low Earth Orbit (LEO) satellite. President of Hughes Pradman […]

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