mergers and acquisitions Archives

Philippines tower deals defied last year’s M&A slump in APAC

May 31, 2023 Joana Bagano 0

The Philippines registered the APAC region’s largest wireless M&A deal value in 2022 – $3.1b across just four transactions, says S&P Global Market Intelligence. Read more…

BSNL-MTNL revival plan is back on the table (again)

February 16, 2023 Staff Writer 0

India has again revived its efforts to merge state-run telecom operators MTNL and BSNL by roping in audit and consulting firm Deloitte as transaction advisor. Read more…

STL is selling off its telecom software unit to Skyvera

February 1, 2023 Staff Writer 0

Sterlite Technologies (STL) is selling its Telecom Products Software business to Skyvera as part of its strategy to refocus on its core optical fiber business. Read more…

Taiwan’s NCC conditionally approves two big mobile mergers

January 19, 2023 News Centre 0

Taiwan’s NCC has given conditional approval for two high profile mergers: Taiwan Mobile + Taiwan Star, and Asia Pacific Telecom + Far EasTone. Read more…

AIS asks Thai court to halt approved True-DTAC merger

November 18, 2022 News Centre 0

Incumbent operator AIS petitions Thailand’s Central Administrative Court to revoke regulatory approval of the planned merger between True Corp and DTAC. Read more…

Binance agrees to bail out FTX as crypto market flounders

November 9, 2022 News Centre 0

Binance signs a nonbinding agreement to buy the non-US unit of FTX to help cover its “liquidity crunch”, raising fresh concerns among investors about crypto. Read more…

Thailand’s NBTC looks for ways to hobble True-DTAC merger

October 19, 2022 News Centre 0

Three of the five board members of Thai telecoms regulator NBTC are looking to apply tough remedies to the controversial merger deal between True and DTAC. Read more…

Musk has a legal fight on his hands if he wants to quit Twitter deal

July 11, 2022 News Centre 0

Elon Musk wants to terminate his $44 billion Twitter deal. “Oh no you don’t,” says Twitter board, who will fight to enforce the agreement. Read more…

Cisco in the running to buy FireFly JV from Airtel and Vodafone Idea

July 8, 2022 Staff Writer 0

Airtel and Vodafone Idea are in talks with Cisco Systems to sell their entire stake in their public Wi-Fi JV FireFly Networks for $25 million. Read more…

AIS to buy 3BB, plus a stake in JASIF, to bolster NewCo defenses

July 5, 2022 Joana Bagano 0

AIS strikes separate deals to buy a 99.87% stake in 3BB and a 19% stake in JASIF for a combined $908 million as NewCo merger looms. Read more…

MCMC greenlights Celcom-Digi MergeCo plan

June 30, 2022 Staff Writer 0

The proposed merger of Celcom and Digi into MergeCo has been cleared by the Malaysian Communications and Multimedia Commission (MCMC). Read more…

Axiata and Telenor extend Celcom-Digi merger deadline to end of 2022

June 20, 2022 Staff Writer 0

Axiata says the deadline for the proposed merger of its subsidiary Celcom with Telenor-owned Digi has been extended to the end of this year. Read more…

SpaceX tells FCC it objects to Viasat-Inmarsat merger (again)

June 14, 2022 News Centre 0

SpaceX’s satellite unit files a fresh protest to the FCC over Viasat’s buyout of Inmarsat, alleging the operator violated commission rules. Read more…

Blibli could merge with Tiket.com as it finalizes its $500 million IPO

June 7, 2022 News Centre 0

Indonesian e-commerce company Blibli is reportedly raising $500m in an IPO, and could merge with sister firm Tiket as part of the offering. Read more…

APT and FET reveal spectrum swap details of their grand merger plan

June 2, 2022 Staff Writer 0

Taiwanese cellcos Asia Pacific Telecom (APT) and Far EasTone (FET) announce details of a major spectrum swap as part of their merger deal. Read more…

Broadcom will add VMware to its portfolio in $61 billion deal

May 26, 2022 News Centre 0

Broadcom will acquire VMware in a $61b cash-and-stock deal, its biggest and boldest bid to diversify its business into enterprise software. Read more…