Telstra's investment arm, Telstra Ventures has teamed up with Telkom Indonesia's equivalent, PT Metra Digital Investama (MDI), for the joint exploration of investment opportunities in technology start-up sector in South East Asia.
IDC Asia/Pacific has released as report assessing Asia/Pacific (excluding Japan) organizations' maturity and progress in their digital transformation initiatives, saying it shows Asia/Pacific organizations to be still at a nascent stage of digital transformation, with 45.4 percent of enterprises surveyed operating at the basic ad hoc level (ie digital resisters) and yet to establish basic digital transformation capabilities and adopt digital solutions systematically.
A consortium of global investment firms has pumped $550m into 18 month old Indonesian mobile platform GO-JEK. The consortium includes KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, existing shareholders and other international investors. Previous investors include Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group.
NEC Corporation and its Indian subsidiary, NEC Technologies India Private Limited (NTI), have set up a center in India dedicated to the support of open source software (OSS).
'The OSS Technology Center aims to strengthen the organizational structure for supporting global enterprises in building systems based on OSS, to reinforce collaboration with international OSS vendors and to provide rapid technical support to users who construct systems operated globally using OSS,' NEC said.
Chinese telecoms equipment maker Huawei has reported a 40 percent increase in sales for the six months to 30 June 2016 over the same period last year, to CNY245.5 billion ($US36.7b) with an operating margin of 12 percent.
The London Court of International Arbitration has ordered Indian company Tata Sons Limited to pay NTT Docomo $1.17 billion for its stake in their former jointly owned Indian telco, Tata Teleservices.
Hans Vestberg President and CEO and member of the Board of Directors of Ericsson
Ericsson's Board of Directors today announced that Hans Vestberg steps down as President and CEO and member of the Board of Directors of Ericsson with immediate effect. Jan Frykhammar, executive vice president and CFO, will assume the CEO position until a new CEO is in office.
US based CrowdStrike, a provider of cloud-based endpoint protection, threat intelligence and response services, has launched operations in Asia Pacific by opening an office in Australia and announcing Telstra as a customer.
Actility, which has developed an IoT network based on LoRaWAN low powered wide area network technology, has partnered with Foxconn Technology Group (Foxconn) to deliver a comprehensive suite of IoT solutions to the Chinese market, starting in Q3 of 2016.
The US Government's development finance institution, the Overseas Private Investment Corporation (OPIC), has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar to fund the rollout of its mobile tower network. It is OPIC's first financing in Myanmar.
