MTNL defaults on INR83 billion in loan repayments
23 April 2025
State-owned Indian telecom operator Mahanagar Telephone Nigam Limited (MTNL) has defaulted on over INR83 billion in loan repayments to multiple banks, including Union Bank of India, Bank of India, and Punjab National Bank, among others. The default encompasses both principal and interest payments.
This significant default, coupled with earlier classifications of MTNL's accounts as non-performing assets (NPAs) dating back to August and September 2024, signals a deepening financial crisis for the company. Union Bank of India is the largest creditor, owed over INR36 billion. Other major creditors include Indian Overseas Bank (approximately US$278 million) and Bank of India.
Find out more Axiata Group explores potential sale of majority stake in edotco Group
22 April 2025
Axiata Group is reportedly in the process of seeking financial advisers as it considers selling its majority stake in edotco Group, its tower subsidiary, in a potential deal valued at up to $3 billion, including debt.
This move highlights Axiata's strategy to secure a cash injection to fund its growth plans, although no final decision has been reached yet, with discussions among shareholders and advisers still ongoing.
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GSMA and Vietnam Digital Communications Association collaborate to boost telecommunications sector
17 April 2025
In a strategic move amid potential trading challenges with the United States, Vietnam has announced a new collaboration with the GSMA to enhance Vietnam's ambitions for economic growth, particularly within the telecommunications sector.
The GSMA and the Vietnam Digital Communications Association (VDCA) recently signed a memorandum of understanding (MoU) to deepen cooperation and accelerate Vietnam's mobile and digital communications ecosystem. The VDCA, established by the government in 2011, serves as a leading social-professional organization dedicated to the advancement of digital technology and communications in Vietnam.
Find out more Broadpeak partners with Media Prima Berhad to transform OTT revenue
17 April 2025
Broadpeak has announced a strategic partnership with Media Prima Berhad to harness Broadpeak’s server-side ad insertion (SSAI) service to enhance revenue generation and monetization capabilities for Media Prima’s OTT platform, Tonton.
Tonton is a rapidly growing live streaming service that offers a variety of local and exclusive content, including programming from TV3, one of Malaysia’s most popular full-time channels. By utilizing Broadpeak’s dynamic ad insertion solution via the broadpeak.io SaaS platform, Media Prima seeks to optimize its advertising revenue and improve user experiences on its platform.
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