PHILIPPINES > South Korea based telecom operator, KT, to sign a $47 million optical fiber network contract with Philippines based Converge ICT Solutions  

kt logo South Korea based telecom operator, KT, is set to sign a $47 million optical fiber network contract. The contract was signed with Philippines based Converge ICT Solutions which is a leading ISP. The contract is to build optical fiber neetwork along approimately 1570 km (975 miles) main road in the northern region of Luzon. Converge ICT Solution was awarded a More …

USA > US based ClassPass raises $85 million in VC financing led by Singapore’s Temasek and Connecticut, USA based PE firm L Catterton’s Growth Fund

classpass logo Focusing on expansion, ClassPass has raised $85 million in the latest funding round. ClassPass aims to expand to 10 new American cities and 20 new countries by the end of 2019. The funds were raised in series D venture capital financing that was led by Singapore-based investment company Temasek, with participation from Connecticut-based private equity firm L Catterton’s Growth Fund, More …

SPAIN > China based Globalegrow to expand in Spain with a maintenance center and 19 employees

globalegrow With the boost of “the Belt and Road” initiative, Globalegrow is expanding to Spain by establishing a maintenance center. Globalegrow’s subsidiary company Cheetahrepair, the European Wing of Globalegrow is set to independently operate in Spain and will provide services such as quality testing, maintenance, refurbishment of returned products, and other after sales services from Globalegrow. According to Longlong Zheng, Manager More …

ITALY > Hong Kong based CK Hutchison is set to take over Italy based Wind Tre for €2.45 billion ($2.85 billion)

CK Hutchison logo Hong Kong based CK Hutchison is set to take over Italy based Wind Tre from Amsterdam based Veon for €2.45 billion ($2.85 billion) for 50% of the shares. CK Hutchison already owns the remaining 50% of Wind Tre.  CK Hutchison was formed through the €20bn ($ 23.28 billion) merger in 2016 of VimpelCom’s Wind Telecomunicazioni and CK Hutchison’s 3 Italia. More …

PARAGUAY > Millicom International Cellular S.A’s wholly owned subsidiary Telefónica Celular del Paraguay SA (Tigo) has acquired three of 2x5MHz spectrum in the 700MHz band at a total cost of $36.325 million in Paraguay

Millicom logo The wholly owned subsidiary of Millicom International Cellular S.A. (“Millicom”), Telefónica Celular del Paraguay SA (Tigo), has acquired three of the seven available blocks of 2x5MHz spectrum in the 700MHz band at a total cost of $36.325million, plus certain social and network coverage obligations. According to Jose Perdomo, General Manager of Tigo Paraguay: “This new spectrum will allow us to cost-effectively More …

VIETNAM > China based Huawei’s Honor is set to launch in Vietnam

Honor logo Founded in 2013, Honor is a smartphone for the young, innovative and the trendy which is set to launch in Vietnam and also rapidly into other new markets in South East Asia. The Vietnam launch will be with the release of the Honor 9 lite and Honor 7X smartphone. Honor provides flagship features and seamless performance at an irresistible price More …

TAIWAN > U.S. based ARRIS International plc. is set to sell its manufacturing facility in New Taipei City, Taiwan to Pegatron Corporation

Arris logo Taiwan based Pegatron Corporation is set to buy the manufacturing facility of U.S based ARRIS International plc. in New Taipei City, Taiwan. By the end of 2018, the production of ARRIS customer premises equipment will transit to Pegatron’s Suzhou site in China and ARRIs will continue to maintain technology development and business operations including Ruckus operations, its newly acquired company More …

INDIA > Singtel International Investments is set to subscribe new shares in Bharti Telecom under a proposed preferential allotment

Singtel logo Singtel International Investments, a wholly- owned subsidiary of Singtel, is set to subscribe new shares in Bharti Telecom, a holding company of Bharti Airtel (Airtel) that holds approximately 50.1% of the share capital of Airtel, under a proposed preferential allotment. With the expected completion by March 2018, the preferential allotment of equity shares to Singtel International Investments is subject to More …