Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Malaysia’s Axiata is reportedly interested in taking part in the privatiztion of Vietnamese state-owned operator MobiFone.
Axiata wants to acquire a stake and enter a long-term co-operation with MobiFone, the nation’s second largest telecom operator after military-run Viettel, Tuoi Tre Newsreported.
The Malaysian company’s head of corporate development, Annis Sheikh Mohamed, recently met with Vietnam’s deputy ICT minister to discuss the privatization.
Axiata has offered to share its technology with MobiFone as part of the co-operation, contributing to MobiFone’s growth.
According to Mohammed, Axiata’s own privatization in 2008 had similar circumstances to MobiFone’s, so Axiata will be in a good position to help guide the process.
The ICT ministry expects to complete the final proposal regarding MobiFone’s privatization and have it approved by the government this year. Original post at Telecom Asia