--- title: M&A / Investment - Developing Telecoms description: Telecommunications M&A and investment news in emerging markets canonical_url: https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html?start=170 language: en-GB date: 2020-03-02T15:17:22Z notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html?start=170. markdown-tokens: 4017 --- > **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html?start=170. Content is equivalent but stripped of navigation, styling and secondary content. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. ![Abu Dhabi’s Mubadala announces investment in Yondr Group](https://developingtelecoms.com/images/stories/Places/AbuDhabi_waterfront_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 21 August 2024 17998 views Mubadala Investment Company, the Abu Dhabi sovereign investor, has announced an investment in Yondr Group, a leading global hyperscale data centre developer. ![Uganda’s troubled service provider UTel to receive major cash boost](https://developingtelecoms.com/images/stories/Places/kampala_downtown_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 14 August 2024 13780 views In a deal that seems to have been finalised last week but has only recently been widely reported, Uganda plans to sell 60% of its troubled state-owned service provider Uganda Telecommunications Corporation Limited (UTel) to Dubai-based global contractor Rowad Capital for US$225million. ![Clear Mobitel promises big investment in Zimbabwe telecoms](https://developingtelecoms.com/images/stories/Places/Harare_downtown_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 08 August 2024 13163 views Clear Mobitel, a UK-based technology data company, has announced plans to invest US$200 million in Zimbabwe’s telecommunications sector. ![Millicom aiming for major stake in Telefonica Colombia](https://developingtelecoms.com/images/stories/Places/Colombia_Santuario_de_Las_Lajas_Ipiales_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 31 July 2024 18178 views Millicom International Cellular says it has entered into a non-binding memorandum of understanding (MoU) to acquire a 67.50% stake in Colombia Telecomunicaciones (aka Coltel or Telefonica Colombia) from owner Telefonica Hispanoamerica, for approximately US$400 million. ![World Bank pledges US$100m for Zambia digital acceleration project](https://developingtelecoms.com/images/stories/Places/Lusaka_Zambia_600.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 23 July 2024 14274 views The World Bank has pledged US$100 million to fund a new project that promises to speed up development of Zambia's digital infrastructure and narrow the digital divide. ![U Mobile stakeholder spurns rumoured buyout overtures from Maxis](https://developingtelecoms.com/images/stories/Places/KL_Malaysia-Skyline-600.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 17 July 2024 12783 views Malayisan telco Maxis is reportedly keen to buy out rival operator U Mobile, but a deal looks uncertain with at least one major shareholder of U Mobile having already rejected the idea. ![AIS faces owner reshuffle as Intouch to merge with Gulf Energy](https://developingtelecoms.com/images/stories/Company_Logos/AIS_stand.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 17 July 2024 17325 views Thai billionaire Sarath Ratanavadi has reportedly announced plans to merge his power company Gulf Energy Development with its telecoms unit Intouch Holdings, which owns telco Advanced Info Service (AIS), with the resulting combined entity potentially valued at US$20.5 billion. ![IFC financing package for TerraPay aims to boost remittance process in Africa](https://developingtelecoms.com/images/stories/Places/Lagos_market_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 11 July 2024 12304 views The International Finance Corporation (IFC), a global development institution focused on the private sector in developing countries and a member of the World Bank Group, has announced a financing package for TerraPay, an Africa-focused digital payments provider. ![DITO CME denies rumour of Summit Telco Holdings takeover](https://developingtelecoms.com/images/stories/Places/manila_night_600.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 10 July 2024 48242 views Philippine company DITO CME Holdings, the parent firm of third telco DITO Telecommunity, has denied a report in local media that one of its investors, Singapore-based Summit Telco Holdings, is moving to take over the company. ![Major investment to boost SiC manufacturing in Czech Republic](https://developingtelecoms.com/images/stories/Places/czech_republic_brno600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 20 June 2024 29304 views Intelligent power and sensing technologies company onsemi has announced plans to establish a state-of-the-art, vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic. ![Africa Data Centres gets over US$100 million funding from RMB](https://developingtelecoms.com/images/stories/NewsPix/Africa_Data_Centres_17624.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 17 June 2024 15752 views Africa Data Centres, which owns and operates Africa's largest network of interconnected, carrier and cloud-neutral data centre facilities, says it has unlocked funding that will allow it to expand data centre capacity and meet the growing demand for cloud computing services in South Africa. ![Vodafone Idea to issue US$293.2m in shares to Nokia and Ericsson](https://developingtelecoms.com/images/stories/Places/hyderabad_assembly600.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 14 June 2024 10996 views Indian telco Vodafone Idea is reportedly set to raise as much as Rs24.5 billion (US$293.2 million) via a preferential issue of equity shares to the local units of telecoms equipment suppliers Nokia and Ericsson. ![ByteDance joins the rush to invest in Malaysian comms infrastructure](https://developingtelecoms.com/images/stories/Places/KL_sunset_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 11 June 2024 15674 views Yet another massive communications-related investment is coming Malaysia’s way, this time from ByteDance. ![Silica buys Internexa’s Argentinian fibre operation](https://developingtelecoms.com/images/stories/Places/Buenos_Aires_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 04 June 2024 15693 views Silica Networks, the telecommunications division of the technology-focused Datco Group, has acquired the operation of wholesale fibre optic connectivity services operator Internexa in Argentina. The purchase of Internexa is said to be Datco Group's 27th acquisition. ![Google plans US$2 billion cloud hub and data centre investment in Malaysia](https://developingtelecoms.com/images/stories/MWC24_Stands/Google_Cloud_Logo_MWC24.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 30 May 2024 16071 views Google has announced plans to invest US$2 billion in Malaysia. It aims to develop its first data centre in the country, along with a Google Cloud hub. ![Saudi PIF invests in space and satellite sector](https://developingtelecoms.com/images/stories/Places/Riyadh_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 29 May 2024 16152 views The Saudi Arabian Public Investment Fund (PIF) has established the Neo Space Group (NSG), a wholly owned PIF company whose mission will be to become a national champion in the Saudi satellite and space sector. ![Malaysia goes for even more semiconductor growth](https://developingtelecoms.com/images/stories/Places/Malaysia.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 28 May 2024 12602 views Malaysia is apparently targeting an estimated US$107 billion – or more – in investment for its semiconductor industry, an industry in which it is already well established, accounting for 13% of global testing and packaging, according to some reports. ![Iliad owner considers Millicom buyout ](https://developingtelecoms.com/images/stories/Places/Colombia_Santa_Cruz_del_Islote_600.jpg) Details Manny Pham Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 24 May 2024 29406 views Xavier Niel-owned company Atlas Investissement announced it is discussing whether to table an offer for Millicom, a move to expand its reach into Latin America. ![Microsoft and G42 plan billion-dollar investment in Kenya's digital development](https://developingtelecoms.com/images/stories/Places/Nairobi_Kenyatta_International_Conference_Centre600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 22 May 2024 23986 views Technology giant Microsoft and artificial intelligence-focused UAE-based technology group G42 have announced a comprehensive package of digital investments in Kenya, as part of an initiative with the Republic of Kenya’s Ministry of Information, Communications and the Digital Economy. ![USTDA funds telecoms feasibility studies in Bangladesh and the Philippines](https://developingtelecoms.com/images/stories/Places/Dhaka_street_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 22 May 2024 11470 views Following news earlier this week of major UK development investments in telecoms in [Senegal](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/16724-sustainability-linked-financing-deal-for-senegal-s-sonatel.html) and [Tanzania](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/16721-bii-to-invest-30m-in-toa-tanzania.html) come announcements from the US Trade and Development Agency (USTDA) of support for projects in two Asian countries. ![Sustainability-linked financing deal for Senegal’s Sonatel](https://developingtelecoms.com/images/stories/Places/Dakar_statue_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 20 May 2024 15106 views Three investment groups have partnered to support operator Sonatel’s telecoms expansion in Senegal. The combined €87 million (about $94.5 million) financing package aims to help the company expand telecoms infrastructure, including towers and cables, in rural areas and provide reliable and affordable mobile and internet services to people in Senegal. ![BII to invest $30m in TOA Tanzania](https://developingtelecoms.com/images/stories/Places/Dar_es_Salaam_600.jpg) Details James Barton Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 20 May 2024 11567 views TOA (TowerCo of Africa) Tanzania has signed a US$30 million financing agreement with UK development investor British International Investment (BII). ![FPT and Nvidia partner to boost Vietnam as an AI hub](https://developingtelecoms.com/images/stories/Places/Hanoi_West_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 23 April 2024 19993 views Vietnam’s biggest technology firm, FPT, has announced what it calls a comprehensive strategic partnership with technology giant Nvidia, aiming to offer what it calls a one-stop shop for artificial intelligence (AI) and cloud. ![Vodafone Idea FPO fully subscribed: now what?](https://developingtelecoms.com/images/stories/Company_Logos/VI_Vodafone_Idea_Logo_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 23 April 2024 14640 views Indian operator Vodafone Idea's much heralded Rs18,000 crore (about US$ 2.2 billion at current exchange rates) follow-on public offer (FPO), India’s biggest, was fully subscribed by its third day, according to local news reports. ![Malaysia plans major digital technology investment](https://developingtelecoms.com/images/stories/Places/Malaysia.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 22 April 2024 14729 views The Malaysian government has announced some ambitious investment plans to raise the country’s profile in digital technology in the coming years. ![Saudi's PIF to buy Tawal as tower industry consolidation continues](https://developingtelecoms.com/images/stories/Places/Riyadh_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 22 April 2024 26369 views The Gulf region's largest telecom tower company could be on the way following an agreement between Saudi Arabia's sovereign wealth fund PIF (or Public Investment Fund) and Saudi ICT infrastructure service provider Telecommunication Towers Company Ltd (Tawal). ![Malaysia’s DNB denies that stakeholder talks have broken down](https://developingtelecoms.com/images/stories/Places/KL_nightline600.jpg) Details John Tanner Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 22 April 2024 16093 views Malaysia’s wholesale 5G operator Digital Nasional Berhad (DNB) has denied claims in a news report on Friday that negotiations with mobile operators to take equity stakes in DNB have broken down, in part because of an alleged lack of internal transparency. ![Good start for Vodafone Idea’s latest massive fundraising plans](https://developingtelecoms.com/images/stories/Company_Logos/VI_Vodafone_Idea_Logo_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 17 April 2024 16473 views Indian operator Vodafone Idea’s Rs 5,400 crore (about $645.5 million) offer of shares to anchor investors was fully subscribed on Tuesday. ![Blue Label gets the go-ahead for Cell C takeover](https://developingtelecoms.com/images/stories/Company_Logos/cell_c_600x450.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 04 April 2024 15186 views South Africa's Blue Label Telecoms has received approval from the country's Competition Commission (CompCom) to take control, via a subsidiary, of operator Cell C. ![Nigerian MVNO announces major investment ](https://developingtelecoms.com/images/stories/Places/Lagos_market_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 28 March 2024 15815 views Zegtel, a new Nigerian mobile virtual network operator (MVNO), has announced plans to invest about US$21.8 million over the next five years to expand mobile connectivity across the country. ![Actis agrees sale of South African fibre operator Octotel](https://developingtelecoms.com/images/stories/Places/Cape_Town_UCT_Upper_Campus_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 26 March 2024 15647 views Actis, a global investor in sustainable infrastructure, has signed an agreement to sell leading South African fibre network operator Octotel to a consortium of investors. ![Turkcell ramps up investment as 5G rollout approaches](https://developingtelecoms.com/images/stories/Places/istanbul_harbour_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 25 March 2024 18477 views Turkcell, the largest mobile operator in Turkey, has said it aims to ramp up investment this year as it plans for a new data centre and infrastructure for 5G services. ![KKR pledges telecom tower investment for Philippines](https://developingtelecoms.com/images/stories/Places/Manila_binondo_church_600.jpg) Details Vaughan O'Grady Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html) 13 March 2024 17024 views Private equity firm KKR & Co will invest US$400 million in telecoms tower operations in the Philippines, according to an announcement made by the US Department of Commerce this week.