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True and Dtac merge to create biggest telco in Thailand

Thai carriers Total Access Communication (Dtac) and True Corp have completed their merger. Nordic operator Telenor, which partially ownes Dtac, said in a statement that the transaction is the largest telco merger in Southeast Asia by combined enterprise value. The new company will have a...

Hyundai Motor, KT boost partnership on future mobility tech

Hyundai Motor and KT plan to form and operate a committee to promote future new projects and advanced research Korean car maker Hyundai Motor Group said it will expand its strategic partnership with compatriot telecom operator KT Corporation (KT) to further collaborate in the future...

Singtel reduces its direct stake in Bharti Airtel to raise cash for 5G

Singtel noted that the transaction will help to meet the group’s needs for 5G and growth initiatives in the next few years Singaporean operator Singtel announced plans to divest part of its stake in Indian operator Bharti Airtel for about SGD2.25 billion ($1.6 billion). In a...

Singtel analyzes potential sale of Trustwave: Report

Singtel had acquired Trustwave in 2015 in a transaction valued at $810 million Singaporean telecom operator Singtel is considering whether to sell its cybersecurity business Trustwave Holdings, Bloomberg reported, citing sources with knowledge of the matter. The report revealed that the potential transaction will enable Singtel...

Stonepeak to buy 29% stake in American Tower’s US data center business

American Tower will retain managerial and operational control of the data center business American Tower Corporation and Stonepeak, an investment firm specializing in infrastructure and real assets, announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest of approximately 29%...