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Thai energy company bids $5.4B for AIS - Mobile World Live 20 APR 2021 Gulf Energy Development submitted a $5.4 billion bid for Intouch Holdings, which controls a 40.45 per cent stake in mobile operator AIS. The transaction is at an early stage and requires approvals from Gulf Energy Development shareholders and regulators. The acquisition of Intouch and AIS would substantially broaden the energy company’s revenue base and diversify its cash flow. Fitch Ratings said it will likely put AIS’ ratings on its watch list if the buyout happens. In a research note, the agency said it remains unc...

Rakuten CTO claims low-cost model disrupts pricing - Mobile World Live 09 APR 2021 Rakuten Mobile CTO Tareq Amin ( pictured) credited its low-cost greenfield operation with shaking up the pricey Japanese mobile market, telling a conference its cloud-based model can easily be adopted by other operators to bring down costs by simplifying network requirements. “If you look at the market before Rakuten’s entry, Japan was one of the most expensive countries in terms of data consumption. Today, it is one of the lowest.” The company offers subscribers up to 1GB of data for free and unlimited ...