Thailand’s telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl and Telenor ASA’s Total Access Communication Pcl (DTAC) with conditions. The conditions include a price ceiling and price controls, the National Broadcasting and Telecommunication Commission (NBTC) said in a statement on Thursday. The delayed decision comes nearly… Continue reading Thai telco regulator gives conditional approval to True, DTAC merger
Category: Tech News
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Help, Foxconn has gone from AI 8K+5G to ‘3+3=∞’
Tech/ Policy / The company has a new vision for whatever is going on in Wisconsin and a new website that proudly notes you can see its empty dome from the highway. Er, sorry: ‘data center.’ That’s Foxconn president Liu Young-way going way beyond the boundaries of traditional mathematics.Image: Getty It has never been clear… Continue reading Help, Foxconn has gone from AI 8K+5G to ‘3+3=∞’
Elon Musk’s frisky earnings call touched on the Cybertruck, Twitter, and the future of Tesla
/ It wouldn’t be a proper Tesla earnings call without a lot of Elon Musk bravado. The billionaire went off on Apple, Twitter, the Cybertruck, Full Self-Driving, and much, much more. Who cares if the company missed its revenue projections? Robots! Laura Normand / The Verge For a guy who once said he wasn’t going… Continue reading Elon Musk’s frisky earnings call touched on the Cybertruck, Twitter, and the future of Tesla
Blackstone’s Q3 earnings slump 16% on sharp drop in asset salesIts net profit from asset divestments across its portfolio fell 61%
Blackstone Inc, the world’s largest alternative asset manager, said on Thursday its third-quarter distributable earnings fell 16% year-on-year, owing to a sharp drop in asset sales amid a downturn in the market. Distributable earnings — the cash used to pay dividends to shareholders — fell to $1.4 billion from $1.6 billion a year earlier. That resulted in distributable earnings per share of $1.06, down from $1.28 a year ago, but slightly above the average analyst estimate… Continue reading Blackstone’s Q3 earnings slump 16% on sharp drop in asset salesIts net profit from asset divestments across its portfolio fell 61%
Indian regulator clears govt proposal to turn $1.9b Vodafone Idea dues into equity
India’s capital market regulator has approved the government’s proposal to convert dues of over $1.92 billion by telecom operator Vodafone Idea to equity, two senior government officials said on Thursday. Last year, India had approved a rescue package for debt-strapped telecom companies that allowed them to convert interest on deferred adjusted gross revenue owed to the government into equity. Among the country’s three major… Continue reading Indian regulator clears govt proposal to turn $1.9b Vodafone Idea dues into equity
Saudi Arabia’s Alsulaiman Group weighs IPO of IKEA business next year
Saudi Arabia’s Alsulaiman Group is weighing an initial public offering of its IKEA business franchise next year and has hired Moelis & Co as an adviser, two sources told Reuters. The company plans to invite investment banks early next year to pitch for roles in a possible public share-sale, said the sources, who declined to be identified as the matter is not public. Deliberations are… Continue reading Saudi Arabia’s Alsulaiman Group weighs IPO of IKEA business next year
Tesla is working on next-gen electric car platform for half the price
Elon Musk announced that Tesla’s engineering team had turned its focus on a next-generation electric car platform that will be half the price of the Model 3/Y platform. For years now, Tesla has been talking about making cheaper electric vehicles, but inflation and high demand for electric cars have led to prices going up instead.… Continue reading Tesla is working on next-gen electric car platform for half the price
Google launches its News Showcase program in France
Google has launched News Showcase in France, and it has teamed up with over 65 publishers representing over 130 publications for the program’s expansion in the country. Now, users in France will see panels populated by articles from participating publications when they navigate to the News tab on Android, iOS or the web and in… Continue reading Google launches its News Showcase program in France
Warburg Pincus investing $350m to set up SE Asia insurance platform OonaOona comprises Indonesia’s Asuransi Bina Dana Arta and the Philippines’ Mapfre…
Warburg Pincus LCC is investing $350 million to set up a Southeast Asian digital general insurance platform called Oona Insurance, marking the U.S-based private equity firm’s largest investment in the insurance sector in Asia. Warburg Pincus is partnering with Abhishek Bhatia, a former group chief officer of Asian insurance company FWD Group’s new business models… Continue reading Warburg Pincus investing $350m to set up SE Asia insurance platform OonaOona comprises Indonesia’s Asuransi Bina Dana Arta and the Philippines’ Mapfre…
Go-Ventures leads $15m funding in digital payroll platform Skuad
Singapore-domiciled digital payroll platform Skuad has raised $15 million in a Series A funding round that will further drive its global expansion, according to its press release. The announcement did not disclose the lead investor in the funding round but ACRA filings accessed by DealStreetAsia – DATA VANTAGE showed that the round was anchored by… Continue reading Go-Ventures leads $15m funding in digital payroll platform Skuad