Axiata Group, the parent company of Ncell, is exiting Nepal, with the company announcing its decision to sell its shares in Ncell. In an official release, Ncell announced that a transaction has been agreed upon between SpectrLite and Axiata. SpectrLite has agreed to acquire 100 percent of Axiata's stake in Reynolds Holdings, based in Saint Kitts and Nevis. Reynolds Holdings, in turn, holds 80 percent of the shares in the... Read More
Malaysia-based Axiata Group has announced the successful completion of the final phase of tower transfers from PLDT's subsidiaries to its unit in the Philippines. This marks the conclusion of a strategic deal involving the acquisition and leaseback of a total of 2,710 tower sites. The towers involved in the transaction are primarily located in Luzon, Visayas, and Mindanao. Also Read: MTN Nigeria Selects ATC Nigeria for Tower Services as Contracts... Read More
Tech Mahindra, a leading Indian company in providing digital solutions and consulting has announced that it has inked an MoU (Memorandum of Understanding) to co-develop 5G solutions for enterprises in five countries. Both the companies will market the co-developed solutions together to the enterprises in Sri Lanka, Malaysia, Cambodia, Bangladesh, and Nepal. Both the companies will target enterprises across industries, including smart cities, oil and manufacturing, and more to provide... Read More
Mavenir and Axiata Group Berhad partnered to show the seamless integration of Open vRAN in a real-life environment. The companies leveraged MAVair O-RAN based solution for the O-RAN. What’s worth noting about this solution is the first time commercial use of the Evenstar 4G RRU that is manufactured by the Telecom Infra Project with a 7.2 O-RAN interfaces and Open RAN fully virtualised. The deployment has taken place in three... Read More
Malaysia-based Axiata, the owner of 20% stake in Idea Cellular, is reportedly planning to sell its share in the country’s third largest telecom operator, following concerns over the telco’s “subdued” valuation. According to a report in ET, Axiata believes Idea Cellular’s valuation will remain subdued for at least the next three years due to the pricing onslaught stem from the entry of Mukesh Ambani’s Reliance Jio Infocomm. Axiata has informally... Read More
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