The somewhat erratic nature of India’s tax system came back under the spotlight this week as the government amended its Income Tax Act to nullify certain retrospective tax demands. The Vodafone Group will be one of the beneficiaries.
The third telecommunications player in the Philippines, DITO Telecommunity Corp it already has two million subscribers, five months after its commercial launch.
The private equity investor I Squared Capital (ISQ), which owns HGC Global Communications, is to buy Mexico’s largest data centre operator KIO Networks.
Russian long-distance telephone provider Rostelecom has signed an agreement with the compatriot universal bank VTB to create a system for issuing electronic signature certificates to the Russian Ministry of Digital Development, Communications, and Mass Media.
Brazilian investment fund The Bordeaux Participações fund transferred BRL 2.5 billion (US$ 4480 million) in the account of the government of Parana and took the last step towards the purchase of Copel Telecom.