SoftBank targeting IPO for QR code payment app PayPay
Photo: Pixabay
May 11, 2021
SoftBank wants to list payment app PayPay, the CEO of its wireless unit said on Tuesday, adding that subsidiary SB Payment Service could also be a candidate for listing, as he seeks to illustrate growth potential at Japan’s No.3 carrier.
QR code payment app PayPay has acquired almost 40 million users since its launch in October 2018 through aggressive rebates as Japanese consumers shift away from cash.
“We want PayPay to IPO in the future so they will become independent… I don’t think that would be too far out,” said Junichi Miyakawa, who became chief executive of SoftBank Corp last month, at an earnings briefing.
By Reuters Staff
1 Min Read
FILE PHOTO: Sigve Brekke, President and CEO of Telenor, delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert Gea/File Photo
OSLO (Reuters) - Norwegian telecoms firm Telenor will seek opportunities for mergers and acquisitions in several of its Asian markets, as well as in Denmark, to obtain the size and cost savings needed for digital investments, its chief executive said on Thursday.
Telenor and Malaysia’s Axiata Group are nearing a deal to combine their Malaysian mobile operations to create the country’s top player, the two companies announced earlier on Thursday.
Axiata building
TALKS between Norway’s Telenor ASA and Malaysia’s Axiata Group (pic) Bhd for a merger of their mobile telecom units have resumed, sources say.
Or as one industry player in the know puts it, “the talks never really ended” since the merger plan was aborted two years ago.
The renewed interest in a merger deal between Digi.com Bhd and Celcom Axiata Bhd comes after the announcement that a government special purpose unit will be building out and owning the country’s 5G infrastructure that will be leased out to telecom operators to use and deliver their services.
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Private investment company CVC Capital Partners struck a deal to acquire Myanmar’s infrastructure firm Irrawaddy Green Towers for $700 million, fighting off a number of other interested parties.
Reuters reported, the buyout marks the investment company’s debut into the Southeast Asian country and gained it almost 4,000 towers across Myanmar, which is apparently the second-largest deal ever for Myanmar assets.