Nytex

In BriSingtel buys shares in Bharti Telecom, Intouch from Temasek for €1.6bn 

Singtel plans to invest S$2.47 billion (€1.6 billion/$1.8 billion) to gain larger shares in mobile operators in Thailand and India as part of efforts to broaden its access to mobile markets in Asia and Africa.The company agreed to buy 21% of Thailand’s Intouch and 7.39% of India-based Bharti Telecom from its majority shareholder Temasek to increase its economic interests in Intouch-owned mobile operator AIS and Bharti Airtel (Airtel). Bharti Telecom is the holding company of Airtel, which has operations in 18 countries across South Asia and Africa. The acquisitions are subject to minority shareholder and regulatory approval.

***China Unicom insisted it had laid the foundations for future success during the opening half of 2016, despite recording a near 80% year-on-year drop in net profit during the period.The operator saw its net profit fall to CNY1.4 billion (€186 million/$211 million) in the opening six months of 2016, which it was the biggest drop recorded by the company since 2000, when it listed on the Hong Kong stock exchange.China Unicom’s earnings statement revealed that revenue declined 3.1% year-on-year to CNY140 billion and EBITDA fell 18.2% to CNY41.2 billion during the first half of 2016.

***China Mobile Pakistan (CMPak), which operates under the Zong brand name, has signed a fibre leasing agreement with fixed line incumbent Pakistan Telecommunication Company Ltd (PTCL). ProPakistani writes that the deal will enable Zong to access the incumbent’s nationwide fibre-optic network whilst PTCL will also deploy, operate and maintain 789km of new fibre to connect Zong’s base transceiver stations (BTS) for data backhaul.

***AT&T said Lenovo's new Moto Z smartphone and its Moto Mods acessories will launch in Mexico next month. The device will be available at no extra cost from 1-31 September with the operator's MXN 1199 monthly Con Todo plan and will be bundled with the JBL Soundboost speaker add-on, a power pack and a Moto Style shell.

***Safaricom is set to bill the government Sh9.2 billion for construction of the communication and surveillance system for the National Police Service.The telco says in its latest annual report that 92 per cent of the work had been completed as of March and that confirmation of the project deliverables had been received from the Inspector General of police.The payment is to be spread over the next five years, with the amounts set to be booked as revenue.