How Reliance Jio Platforms became India’s biggest telecom network – TechCrunch

[ad_1] Months after India’s richest man launched his telecom network, his chief rival, Sunil Mittal, was already struggling to contain his frustration in the public. That tycoon Mukesh Ambani would try to win subscribers by offering them voice calls for free wasn’t a surprise for anyone, said Mittal at the World Economic Forum in January…

A blow to US-listed Chinese firms and TikTok’s new global face – TechCrunch

[ad_1] Hello and welcome back to ’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and…

China’s Oppo partners with Vodafone for bigger European push – TechCrunch

[ad_1] Huawei is facing an uphill challenge in the overseas market as its upcoming devices lack the full set of Google apps and services. That leaves ample room for its Chinese rivals to chase after foreign consumers. That includes Oppo, the sister brand of Vivo under Dongguan-based electronics holding company BBK. In an announcement on Monday,…

Facebook, telcos collaborate on subsea cable for Africa and Middle East – TechCrunch

[ad_1] Facebook, and a group of telecom companies including China Mobile International, MTN GlobalConnect, Orange, and Vodafone are collaborating to build the “most comprehensive” subsea cable to serve the African continent and Middle East region where nearly a billion people are still not connected to the internet. The project, called 2Africa, will see the companies…

Vista Equity Partners to invest $1.5B in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks. The planned announcement, which would give the U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake…

Visa connects to M-Pesa, Flutterwave enters e-commerce – TechCrunch

[ad_1] It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to M-Pesa as a public…

Streaming service Hooq shuts down, ends partnerships with Disney’s Hotstar, Grab and others – TechCrunch

[ad_1] Hooq, a five-year-old on-demand video streaming service that aimed to become “Netflix for Southeast Asia,” has shut down weeks after filing for liquidation and terminated its partnerships with Disney’s Hotstar, ride-hailing giant Grab, and Indonesia’s VideoMax. Hooq Digital, a joint venture among Singapore telecom group Singtel (majority owner), Sony Pictures, and Warner Bros Entertainment,…