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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.”
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AI Impact Summit ’26: Adobe offers Firefly, Photoshop free to Indian students
Adobe to equip 15,000 schools, 500 colleges with free AI tools
NEW DELHI: Adobe has unveiled a major education-focused investment to expand access to its AI-powered creative and productivity tools for students in India, as the company deepens its alignment with the government’s skilling and creator-economy ambitions.
Announced at the India AI Impact Summit, the initiative will provide applications such as Firefly, Photoshop and Acrobat free of charge to students through accredited higher education institutions across the country. The package includes software access, structured curriculum, training modules and industry-recognised credentials.
The programme supports the government’s ‘Create in India’ vision and the Union Budget 2026 goal of generating two million jobs in the animation, visual effects, gaming and comics (AVGC) sector by 2030.
Working with the government, Adobe said it will make its AI tools and learning resources available at no cost to 15,000 schools and 500 colleges equipped with Content Creator Labs.
Shantanu Narayen, chair and ceo of Adobe, said the move would expand creative opportunity for millions of Indian students while accelerating the prime minister’s vision for a digitally skilled workforce.
Adobe said Firefly integrates creative AI models from partners including Google, OpenAI and Runway, enabling users to generate content using multiple models. Acrobat Pro will support productivity and collaboration tasks such as editing text and images.
Separately, Adobe India has partnered with NASSCOM FutureSkills Prime, a digital skilling initiative backed by the ministry of electronics and information technology, to offer free courses and certifications. The programmes are aimed at preparing students for roles across design, animation, gaming, marketing, media, e-commerce and technology.
