Bloomberg India will defer spectrum payments due from telecommunications companies for two years to help an industry ravaged by a year-long price war, mounting debt and a court decision last month demanding $13 billion in overdue fees. The moratorium will be for two years beginning April 2020, finance minister Nirmala Sitharaman told reporters after a cabinet meeting in New Delhi. ...

Bloomberg SoftBank Group Corp is in talks to receive as much as 300 billion yen ($2.76 billion) in financing from Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group Inc, according to people familiar with the matter. The loans are part of the company’s regular financing, one of the people said, asking not to be ...

Bloomberg Singapore’s economy expanded at a faster pace in the third quarter than earlier estimated, with the city-state projecting the recovery will take hold next year. The final reading of gross domestic product showed the economy grew an annualised 2.1% in the third quarter from the previous three months, versus a previous projection of 0.6%, the Ministry of Trade & ...