Telecommunications
Vietnam’s tech “unicorn” VNG extends losses to 5th year, $12.4M in 2025
Vietnam's tech major VNG Group JSC, associated with China's Tencent, Ant Group, and Singaporean sovereign wealth fund GIC, recorded a post-tax net loss of VND326 billion ($12.4 million) last year, according to its consolidated financial statements for 2025.
Globe Telecom joins Candle Submarine Cable System Consortium to strengthen the Philippines’ connectivity backbone
Globe Telecom has formally joined the Candle Cable System consortium, a regional collaboration led by Meta, SoftBank Corp., IPS Inc., TM, PT XLSmart Telecom Sejahtera Tbk, and NEC Corporation, to strengthen the Philippines’ connectivity backbone
Tencent subsidiary’s WeChat Malaysia granted Malaysia Digital status, to expand local operations
WeChat Malaysia Sdn. Bhd., a subsidiary of Chinese tech giant Tencent, has been awarded “Malaysia Digital” (MD) status by the Malaysia Digital Economy Corporation, marking a step in the company’s expansion within Malaysia’s digital sector.
Vietnam’s top telco Viettel to invest $152M in expanding 5G coverage to all Ho Chi Minh City
Vietnam's top telecommunications firm Viettel is set to invest VND4,000 billion ($151.8 million) in expanding 5G coverage in Ho Chi Minh City this year, in order expand the 5G service to nearly all citizens in the city.
Information and communication sub-sector leads Malaysia’s services approved investments in 2025
The information and communication4 sub-sector led the surge of Malaysia's services approved investments in 2025 with MYR 152.9 billion ($38.73 billion).
IFC provides up to $350M financing to Indonesia’s broadband player Linknet
The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, is providing a financing package of up to a $350 million in Indonesian Rupiah equivalent to support PT Link Net Tbk (Linknet), a wholesale fixed broadband infrastructure provider in Indonesia, to support its nationwide expansion of high-speed…
U Mobile inks three-year 5G wholesale contract with Telekom Malaysia
U Mobile, a Malaysia-based 5G network provider, has signed a three-year 5G wholesale contract with Telekom Malaysia Berhad (TM), following a structured evaluation process.
Singtel Singapore establishes Brazil sales office to accelerate digital transformation of multinational enterprises
Singapore's communications group Singtel has on last Thursday announced plans to establish a sales office in Brazil to support multinational enterprises in accelerating their digital transformation ambitions.
Bridge Alliance appoints Loo Boon Chee as next CEO after Ong Geok Chwee stepping down
Bridge Alliance, the alliance of leading mobile operators globally, announced Tuesday that Dr Ong Geok Chwee will be stepping down as Chief Executive Officer (CEO) at the end of March.
Telenor sells its ownership in Thailand’s True Corporation for $3.9B
Norwegian multinational telecommunications company Telenor Group has signed an agreement with Arise Digital Technology Company Limited, a company owned by Khun Suphachai Chearavanont, to sell 24.95 percent of the shares in Thailand's telecom technology firm True Corporation for a total value of approximately NOK 39 billion ($3.94 billion) or THB 11.70…
