Network News

Globe announced that it received board approval to sell over 7,000 towers in what is to be the largest ever tower sale and leaseback deal in the Philippines.

The Philippines’ Department of Information and Communications Technology (DICT) has announced that SpaceX’s Starlink satellite internet services will start to be available by the end of this year.

Keppel Offshore & Marine Ltd (Keppel O&M), in partnership with M1, has implemented a 5G augmented and virtual reality (AR/VR) smart glasses solution at its yard in Singapore, the first in Southeast Asia’s maritime industry. The pilot project is part of Keppel O&M’s strategy to leverage digitalization and virtual technology to enhance the efficiency of remote operations for its tech-enabled workforce. The project received a grant from IMDA’s 5G Innovation Program for the development of virtual platform solutions.  

NOW Telecom Company, Inc., along with affiliate NOW Corporation, has signed a deal with SBA Towers Philippines, Inc., a subsidiary of SBA Communications Corporation.

The International Finance Corporation (IFC) announced that it is providing $70 million to fund a shared mobile infrastructure project in the Philippines.

Singtel will divest its US digital media and advertising subsidiary Amobee to London- and NASDAQ-traded advertising technology firm Tremor International for an enterprise valuation of $239 million. The net proceeds after deducting transaction costs and adjustments such as debt and working capital is estimated to be $197 million at closing. The divestment is in line with Singtel’s strategic reset to sharpen its business focus and recycle assets and capital into growth areas with higher returns. In May, Singtel announced that Amobee, a non-core business, was classified as a subsidiary held for sale in March this year.

Singtel plans to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million. One of the earliest corporate venture capital firms in Southeast Asia, Innov8 invests in start-ups that align with Singtel Group businesses in the areas of 5G, artificial Intelligence, the digital economy, sustainability, cybersecurity and emerging technologies. It operates on an evergreen fund model, re-investing returns from portfolio exits into new investments. With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel and Australia.

Singtel has achieved over 95% standalone 5G nationwide coverage. This comes more than three years ahead of the regulatory target of end-2025, effectively making Singapore the first country in the world to be fully covered by standalone 5G.

Maxis recorded a strong second quarter performance, delivering solid growth across all segments within its core consumer business as well as good momentum in its enterprise business.

HKT announced that its telemedicine platform, DrGo, will join River Cam Chinese Medicine and Acupuncture Clinic, and South Kwai Chung Social Service Office to deliver 100 free traditional Chinese medicine (TCM) consultation service sessions for Kwai Tsing district residents in Hong Kong.