iWorld
Telekom Malaysia completes 49% stake purchase in Spice Telecom
BANGALORE: Telekom Malaysia Berhad (TM) today solemnized the acquisition of the 49 per cent stake in Spice Communications Pvt. Ltd. by the exchange of ‘completion documents’.
The deputy prime minister of Malaysia, Datuk Seri Najib Tun Razak who is currently heading the trade delegation in India witnessed the exchange of documents. TM was represented by its Group CEO, Dato’ Abdul Wahid Omar while Mcorp Global was represented by Dilip Modi, president, Mcorp Global. This formal exchange marks TM’s entry into the lucrative Indian telecommunications market of India, which is the fastest growing telecommunications market in the world.
With the competition of this acquisition, TM is now the owner of a 49 per cent equity stake in Spice Telecom. TM secured this critical piece in its regional footprint, through its international investment holding company, TM International SDN BHD. The acquisition was of a total consideration of USD 178.85 million. The remaining 51 per cent equity remains with the existing shareholders Mcorp Global Ltd. and its associates, Mcorp.
Opined Dilip Modi, “Today, both countries are at the forefront of the revolution in Information, Communication and Entertainment (ICE) technologies and have much to offer each other. Together, they could become a powerful force to take Asian companies to an entirely new globally competitive level. I am confident our strategic partnership with TM will create a new synergy and help us in maximizing growth in one of the world’s fastest growing markets.”
“Spice customers today join TM’s global mobile subscriber base of over 20 million. Apart from TM’s operational and management experience both in Malaysia and key Asian regional markets, Spice customers stand to benefit from, through the creation and innovation of new products and services, sharing of technological experience and implementation, and the leveraging of group synergies such as in global procurement,” Modi further added.
Dato Abdul Wahid Omar described organic growth as the key approach for creating shareholder value in Spice, “TM and its partner, Mcorp will seek to grow Spice to be a market leader in the geographies it operates in.”
iWorld
Subedaar puts Indian original cinema on the global map with record-breaking Prime Video debut
MUMBAI: Prime Video has a runaway hit on its hands. Subedaar, the gritty action drama starring Anil Kapoor, has stormed to become the most-watched Indian original movie on the platform in its opening weekend, cracking the Top 10 across 31 countries and landing in 91 per cent of India’s pin codes within days of its March 5 premiere.
The film, a visceral, emotionally-charged story of a retired soldier, Subedaar Arjun Maurya, wrestling with civilian life amid crime and corruption, has struck a nerve. Directed by Suresh Triveni and co-starring Radhikka Madan, Mona Singh, Saurabh Shukla, Aditya Rawal, Faisal Malik, and Khushboo Sundar, the film is already being hailed as a showcase for what Indian original storytelling can achieve on the world stage.
“Subedaar’s success is a reflection of the growing scale and global resonance of Indian storytelling,” said Nikhil Madhok, director and head of originals at Prime Video India. “The film’s emotional narrative, its rooted portrayal of a soldier confronting his toughest battles beyond the battlefield, has struck a chord. Anil Kapoor delivers an acting masterclass, while Suresh Triveni’s solid direction and great performances from the ensemble cast have resulted in love and appreciation from customers across the world.”
Kapoor, 62, has been here before, but rarely at this altitude. Written by Triveni and Prajwal Chandrashekar, with dialogues by Triveni, Saurabh Dwivedi, and Chandrashekar, the film is a production by Opening Image Films in association with Anil Kapoor Film & Communication Network (AKFCN), produced by Vikram Malhotra, Kapoor, and Triveni.
Subedaar streams exclusively on Prime Video in Hindi, Tamil, and Telugu across India, and in over 240 countries and territories worldwide.
For Prime Video, the numbers tell the real story: one weekend, one film, a global footprint, and a very loud signal that Indian original cinema is no longer just travelling well. It’s arriving.
