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U Mobile secures financing from CIMB for second 5G network

Developing Telecoms

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Finance 264
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U Mobile sells DNB stake to fellow shareholders for US$23k

Developing Telecoms

Malaysian telco U Mobile sold its entire 16.28% stake in 5G wholesale operator Digital Nasional Bhd (DNB) on Tuesday to DNBs remaining shareholders CelcomDigi, Maxis, YTL Power International and the Minister of Finance (MOF) for MYR100,000 (US$23,176).

Mobile 156
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CIMB to spearhead financing for U Mobile's $940M 5G network

Light Reading

Malaysia's U Mobile has officially appointed CIMB as the loan coordinator and mandated lead arranger to secure up to $940 million in financing for its 5G network rollout.

Finance 72
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TerraPay and Wave Mobile Money address Malian remittance market

Developing Telecoms

TerraPay, a global money movement company, has partnered with Wave Mobile Money, a mobile money provider, in what is described as a strategic move to enhance cross-border remittance services in West Africa and specifically Mali.

Mobile 156
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Vodafone and AST SpaceMobile to open research hub in Málaga

Total Telecom

News The Innovation Centre is supported by a grant from the Spanish Space Agency and will allow partners to test solutions combining satellite and mobile connectivity Vodafone has this week announced the creation of a new innovation centre in Mlaga, Spain, aimed at better integrating satellite and terrestrial mobile communications.

Finance 227
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USSD service boosts Nigerian mobile transaction options

Developing Telecoms

PalmPay has announced the launch of its USSD code, a service that offers Nigerians an additional way to manage their finances without the need for internet connectivity.

Finance 267
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All Intelligent Operations Enables New Growth 

Total Telecom

In Africa, Huawei Mobile Money helped an operator expand its business scope from mobile payment to mobile finance. In 2024, the operator’s revenue from mobile finance exceeded US$900 million.

Finance 233