Maxis has recorded another resilient quarter, as it continued to ramp up investments to build strength in its core mobile business while accelerating the growth of fibre and enterprise business in a continued challenging environment. Driven by its strong convergence strategy, the company delivered an increase of 3.0% year-on-year in service revenue for the quarter to RM2,030 million, up 3% year on year.
Singtel's wholly-owned subsidiary Singapore Telecom International has monetised a 1.6% stake in Airtel Africa through a market placement, as part of its capital recycling strategy. It raised net proceeds of approximately S$150 million from the placement which was well oversubscribed.
M1 Limited has announced their strategic collaboration with Accenture to drive 5G growth for enterprises, starting by focusing on maritime, energy and utilities and smart estates industry verticals.
China Telecom’s “Cloudification and digital transformation” strategy has paid off. In 2021, China Telecom’s net profit reached RMB25,948 million, representing an increase of 24.5% year-on-year. Operating revenues amounted to RMB439.6 billion, growing by 11.7% over the preceding year.
TM Wholesale, the wholesale domestic and international business arm of Telekom Malaysia and Telin, a subsidiary of PT Telkom Indonesia have recently signed a memorandum of understanding (MoU) to strategically collaborate and jointly explore opportunities on subsea cable business arrangements.
SK Telecom (SKT) held a press conference at MWC Barcelona 2022 to announce that the company will enter the global market with “Next Big Tech”, which refers to its three key future leading technologies namely metaverse, AI semiconductor and quantum cryptography.
Singtel and its Indonesian partner Telkom, the parent company of Singtel's regional associate Telkomsel, have signed two memoranda of understanding (MOU) which was witnessed by Indonesia’s minister of state-owned enterprises Erick Thohir and vice minister of state-owned enterprises Kartika Wirjoatmodjo. The first of the two MOUs covers collaboration in the area of data centres, which marks a significant step in advancing Singtel's regional data centre strategy. The second MOU involves a collaboration to support Telkomsel’s transformation into Indonesia’s leading consumer fixed broadband and mobile operator through a fixed mobile convergence strategy with Telkom.
Singtel expands its offering for the enterprise market with the launch of Paragon, a revolutionary platform that aggregates networks, edge compute, public cloud and applications ecosystems to accelerate enterprises’ digital transformation.
Singtel-owned Australia Tower Network (ATN) and AustralianSuper have announced the acquisition of Axicom, one of Australia’s leading providers of telecommunications tower infrastructure, for A$3.58 billion.
Telstra and TPG Telecom announced a ground-breaking ten-year regional multi-operator core network (MOCN) commercial agreement, which will provide significant value to Telstra’s wholesale mobile revenues, while providing TPG Telecom group’s subscribers with 4G and 5G services within a defined coverage zone across regional and urban fringe areas.