Vietnamese MNOs to combat online fraud via GSMA Open Gateway
25 April 2025
Vietnamese mobile operators Mobifone, Viettel, and VNPT have joined forces to combat online fraud using the GSMA Open Gateway initiative, leveraging open CAMARA APIs. This collaboration signifies the operators' commitment to building a safer digital ecosystem in Vietnam.
The MoU will see the operators collaborate with the GSMA to develop and implement APIs for crucial functions like authentication, fraud prevention, location services, device verification, and payments. This follows recent research indicating a high level of concern among Vietnamese consumers regarding financial fraud.
Find out more MobiFone seeks national security role
24 April 2025
MobiFone has reportedly applied to Prime Minister Phạm Minh Chính for permission to operate within Vietnam's national defense and security sector.
The move is part of MobiFone's broader strategy to expand its role in the country's digital transformation, a key initiative under the government's ‘Project 06.’
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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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