Bharti Hexacom shareholders approve Rs 11.34 billion tower sale to Indus Towers (India)
Bharti Hexacom secured shareholder approval at its 30th annual general meeting to divest mobile towers to Indus Towers for Rs 11.34 billion, with the resolution to approve material related-party transactions passing with 88.28 per cent votes. Telecommunications Consultants India Limited, which holds a 15 per cent stake, opposed the transaction on valuation grounds. Additionally, around 2.5 per cent of public non-institutional votes were cast against the proposal.
Pace Digitek secures SEBI approval for Rs 9 billion IPO (India)
Pace Digitek has received approval from the Securities and Exchange Board of India (SEBI) to raise up to Rs 9 billion through an initial public offering (IPO). The company plans to deploy the proceeds to expand its battery energy storage system portfolio.
Check Point Software Technologies to acquire Lakera for $300 million (Israel)
Check Point Software Technologies Limited has entered into an agreement to acquire Lakera in a transaction valued at about $300 million. The acquisition expands Check Point’s artificial intelligence (AI) security capabilities by combining Lakera’s runtime protection and policy controls with the AI-powered Check Point Infinity architecture, enabling end-to-end coverage across the AI model, agent and data life cycle. It complements the company’s existing Generative AI Protect, software-as-a-service and application programming interface security, advanced data loss prevention, and machine learning-driven defences for applications, cloud and endpoints, creating a consolidated stack for enterprises accelerating AI adoption. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Helios Investment Partners to acquire majority stake in Telecom Egypt’s RDH (Egypt)
Helios Investment Partners has agreed to acquire the data centre assets of Telecom Egypt via a subsidiary that will own the regional data hub (RDH), purchasing a 75-80 per cent stake for about $177 million, while Telecom Egypt will retain 20-25 per cent. The transaction values RDH at $230 million on a debt-free, cash-free basis, potentially rising to $260 million, subject to performance. The Cairo campus includes a Phase I of nearly 2.5 MW IT load (Uptime Institute Tier III) and the planned Phase II of nearly 4.6 MW. Completion is subject to definitive agreements, the RDH restructuring within a Telecom Egypt subsidiary, and other conditions precedent; the deal has board approval.
Cell C receives unconditional approval to acquire CEC (South Africa)
South Africa’s Competition Commission has approved, without conditions, Cell C’s acquisition of Comm Equipment Company (CEC) from The Prepaid Company, a wholly owned subsidiary of Blue Label Telecoms. The transaction will be settled via an exchange of Cell C shares, increasing Blue Label’s stake in the mobile operator. The integration will bring CEC’s post-paid marketing, billing, supply chain, credit and collections under Cell C’s direct control to streamline operations and reduce third-party dependencies.
Vodacom secures court approval to acquire 30 per cent of Maziv for $752 million (South Africa)
The Vodacom Group has received Competition Appeal Court approval to proceed with its $752 million acquisition of a 30 per cent stake in Maziv, the fibre infrastructure company that owns Vumatel and Dark Fibre Africa, expanding Vodacom’s fixed line footprint. The ruling overturns an earlier Competition Tribunal prohibition after revised commitments by the parties and a change in stance by the Competition Commission. Completion remains subject to remaining regulatory clearances, including unconditional approval from the Independent Communications Authority of South Africa.
Keppel to divest 83.9 per cent stake in M1 to Simba Telecom for Singapore $1.43 billion (US$778 million) (Singapore)
Keppel Corporation will sell M1 Limited’s telecom operations, which is 83.9 per cent, to Simba Telecom at an enterprise value of Singapore $1.43 billion ($778.15 million), while retaining M1’s non-telecom information and communications technology business. The transaction is expected to deliver $778 million in net cash proceeds. The tie-up of Singapore’s third and fourth largest mobile operators is positioned to consolidate the market and unlock operating synergies. Keppel expects an estimated accounting loss of Singapore $222 million on the divestment; completion is targeted in the coming months, subject to regulatory approvals, with the Development Bank of Singapore acting as financial adviser.
Rektron reaffirms plan to acquire 60 per cent of AT Ghana for $150 million (Ghana)
Rektron Group, Inc. has reaffirmed plans under a May 2025 MoU with the Government of Ghana to acquire a 60 per cent stake in AT Ghana for $150 million to stabilise the operator’s balance sheet (over $150 million in debt) and fund network upgrades. The blueprint, would deploy a mix of cash, credit lines and guarantees, retain all staff, and partner with Afritel Ghana, K-NET and Tier I vendors to modernise infrastructure and lower data costs, including in underserved regions. Completion is subject to final financial agreements and regulatory approvals.
