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This follows a slew of other tower sales by the telco and these infusions will help the telco recharge its finances for its intense battle with Reliance Jio Infocomm (Jio), and pay statutory dues. Airtels consolidated net debt at March end stood at Rs1.5 lakh crore. ....
Private equity giant Blackstone's latest Asia fundraise was the big private equity winner amid $1.35bn of new alternative asset commitments from the Minnesota State Board of Investment. ....
TPG legacy cloud service hit by cyber attack TPG legacy cloud service hit by cyber attack Two TrustedCloud customers had their data accessed. TPG stand Credit: TPG TPG Telecom has admitted its cloud hosting service TrustedCloud has been hit by a cyber attack, leading to the access of two customers’ details. Formerly Wavenet, TrustedCloud is TPG’s legacy IntraPower product, which was acquired in 2011. According to the publicly listed telco, TrustedCloud uses legacy IT systems, which were already in the process of being decommissioned and is scheduled to be closed by the end of August 2021. There are only a few remaining customers using the TrustedCloud service, TPG told shareholders. ....