Saturday, 27 November 2021

Tag Archives: Telco

Facebook to buy 10% stake in telco India for $5.7b

BENGALURU: Facebook will buy a 10% stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Indian conglomerate cut debt that has piled up ...

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Telco shares are surprise losers as lockdown drives internet boom

SINGAPORE/BERLIN: As lockdowns worldwide drive a surge in internet use, boosting online sales for businesses as varied as gaming and food delivery, the stocks of internet providers are an unlikely laggard on global markets. In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt and market ...

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