Singtel and KKR are set to invest $1.3 billion for a minority stake in ST Telemedia Global Data Centres (STT GDC), marking the latest significant investment in the data center sector. The companies will initially acquire S$1.75 billion (US$1.3 billion) in redeemable preference shares and warrants, with a plan to invest an additional S$1.24 billion once the warrants are fully exercised.
Axiata Group, a Malaysian telecommunications conglomerate, has announced the sale of its towers operations in Myanmar in a deal worth US$150 million with an undisclosed buyer. This decision reflects a growing trend among international telecom giants to exit Myanmar due to the country’s challenging economic and operational environment amidst ongoing civil conflict.
In a collaborative effort to bolster marine conservation initiatives, Orange Business, the business-to-business (B2B) segment of a prominent European telecommunications group, has joined forces with Tēnaka, an organization dedicated to safeguarding marine ecosystems. The partnership aims to enhance coral reef restoration within a Marine Protected Area of the Coral Triangle in Malaysia, focused on the protection and preservation of wildlife.
In a significant development, Malaysian telecommunications giant Axiata Group Berhad has officially confirmed its exit from the Nepalese market. The decision follows the announcement of an unconditional sale and purchase agreement with Spectrlite UK Limited for the divestment of Reynolds Holding Limited, the entity holding an approximately 80 percent equity stake in Ncell Axiata Limited.
Telecommunication giant BT, in collaboration with Nokia and MediaTek, is exploring the potential of 5G Reduced Capability (RedCap) for Internet of Things (IoT) applications. Recently conducted trials at BT’s research centre aimed at uncovering new use-cases for this technology, which, simplified and less complex than 4G, promises a more efficient IoT ecosystem. As suggested by BT’s Chief Networks Officer, Greg McCall, the RedCap technology could “unlock a new wave of innovation” within the 5G landscape.
KKR’s recent acquisition of a segment of Singtel’s data centre business, marking a staggering valuation of Singtel’s Digital InfraCo at S$5.5 billion, signals enduring private equity interest in telecommunications, regardless of economic turbulence. The move intends to boost Singtel’s regional expansion, piggybacking on the booming data centre industry and skyrocketing enterprise spending on cloud infrastructure services. This symbiotic partnership, leveraging Singtel’s expertise and KKR’s track record, promises to advance InfraCo’s growth in markets like Indonesia, Malaysia, Thailand, and Singapore.
Norway’s Telenor pushes forward with a dramatic leadership change aimed at augmenting its growth trajectory in line with its 2025 vision. Notable moves include former Head of Telenor Asia, Jørgen C. Arentz Rostrup, stepping in as Head of Telenor Nordics, while his predecessor Petter-Børre Furberg takes over his former position. Google Cloud’s ex-head of telecoms, Amol Phadke, also joins the team as EVP and group CTO, with a focus on technology transformation.
The US launches Disruptive Technology Strike Force to counter foreign adversaries acquiring sensitive technology, with recent prosecutions targeting Chinese entities. The move signifies increased efforts in containing China’s influence, potentially impacting global tech firms’ strategic decisions.
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Axiata Group, a Malaysian multinational telecommunications group with widespread operations in Asia, has signed a commitment to the Science-Based Target Initiative (SBTi), formalizing their intention to set a long-term science-based target of reaching net-zero carbon emissions by 2050. Axiata claimed in a statement that it is the first Malaysian telecommunications provider to implement the SBTi, joining more than 50 mobile carriers worldwide in rapidly addressing climate action. The Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) are driving this project, and the SBTi is the primary partner of the Business Ambition initiative for the 1.5°C campaign. The Science Based Targets project, in collaboration with the UN Global Compact and the We Mean Business Coalition, is leading the Business Ambition for 1.5°C. This campaign is an urgent call to action for businesses to establish…
