Accelerates the proliferation of IoT devices by offering superior coverage, long battery life and cost-effective solutions to enterprises.
Axiata Digital makes its 29th investment with a US$16.8mil injection into Swedish based insurtech player, BIMA.
Axiata Group posted a 7.8% growth in net profit for the financial year ended Dec 31, 2015, partly helped by forex gains and strong performances from its Sri Lankan, Cambodian and Indian units.
Ardent Capital has announced that its Sri Lanka-based e-commerce portfolio company Wow.lk (formerly Anything.lk) after Dialog Axiata increased its stake of Wow.lk’s operating company, Digital Commerce Lanka Pvt (DCL), to 100%.
Mergers and acquisitions (M&As) may be on the cards for mobile telecommunications group Axiata Group Bhd this year, as some of the Asian markets are ripe for consolidation.
TM has signed an agreement with five other regional telco players – Vodafone Group, UAE’s Etisalat, Sri Lanka’s Dialog Axiata, India’s Reliance Jio Infocomm Limited, and Omantel of Oman – to form a consortium to establish the Bay of Bengal Gateway (BBG) submarine cable system.