ST Telemedia holds the 74% controlling stake in the India business, with Tata Communications retaining the remaining 26% from the original 2016 joint venture. Bloomberg's framing of the operator as Tata-backed understates the direction of control. The $500m figure is the only one Bloomberg sources to its informants. Indian and Asian outlets summarising the report have circulated a valuation range of $5bn to $5.5bn, with a draft prospectus said to follow in two to three months.
Direct Marketing MiX Inc. released its financial results briefing outline for the first quarter of fiscal year ending December 2026, signaling continued emphasis on comprehensive marketing and sales solutions. The materials highlight its business model, core competencies in hybrid and digital fulfillment, and a structured approach to adopting AI in its service offerings.
Software company Stratacache announced its winding-up and appointed liquidators on Wednesday, according to insolvency filings. This comes only months after the US digital screen specialist partnered with budget supermarket giant Iceland to roll out cutting-edge sensor-based tech across its stores. The partnership saw Stratacache's "Walkbase" technology equipped to 766 of Iceland 's stores, which uses sensors to measure how many people see the digital advert.
