Freebies from Reliance Jio hasten Indian mobile consolidation

India’s largest operator, Bharti Airtel,  is to acquire the Indian mobile business of Norwegian carrier Telenor, in an apparent move to counter the impact of disruptive pricing by new entrant Reliance Jio Infocomm.

The deal is the latest among carriers aiming to consolidate their operations in India. Vodafone Group confirmed recently that it was in talks with Indian operator Idea Cellular for a merger, while earlier Reliance Communications entered into an agreement in September to merge its wireless business with Aircel, a smaller mobile operator.

The consolidation could help users as larger companies will be able to use spectrum more efficiently and invest in new technologies quickly, according to analysts.

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Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

money cash money cash Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its Ideabox accelerator program in Jakarta, has secured one-third of its target, with investment from LPs that include Indonesia’s Barito Pacific Group, Thai conglomerate Charoen Pokphand Family… Read More

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