african telecoms

  1. Hanno Labuschagne

    Vodacom acquiring control of Safaricom

    Vodacom acquiring control of Safaricom Safaricom said late Wednesday that Kenya is selling a 15% stake in the telecom operator to South Africa's Vodacom in a deal worth about $1.6 billion (R27.29 billion), as the government seeks to raise cash by offloading some state assets. Facing high...
  3. Hanno Labuschagne

    Seacom hammered by cable repair costs

    Seacom hammered by cable repair costs Telecoms company Seacom had a tough second half of 2024 due to the financial impact of a major undersea cable repair, according to Remgro's latest interim financial results. Remgro owns 30% of Seacom, which offers fibre-optic pairs from Mtunzini in...
  4. Hanno Labuschagne

    MTN selling Guinea-Bissau and Guinea-Conakry units

    MTN selling Guinea-Bissau and Guinea-Conakry units Telecel Group has bought two West African units from Africa’s largest wireless company MTN Group Ltd., as it scales operations ahead of an initial public offering in three years. The Africa-focused telecommunications company is buying MTN’s...
  5. Hanno Labuschagne

    MTN fighting back against Nigerian R904-million back-tax bill

    MTN fighting back against Nigerian R904-million back-tax bill The Naira’s plunge weighed on the earnings of Nigeria’s biggest wireless carriers. MTN Group Ltd. increased its estimate of unrealised foreign-exchange losses in Nigeria and restated its earnings per share for the six months through...
  6. Hanno Labuschagne

    Jumia partners with Starlink on African rollout

    Jumia partners with Starlink on African rollout Billionaire Elon Musk’s Space Exploration Technologies Corp. will partner with e-commerce firm Jumia Technologies AG to expand its satellite broadband services in Africa. Jumia, which counts Pernod Ricard SA and Goldman Sachs Group Inc. as...
  7. Hanno Labuschagne

    MTN plans to build 20,000km fibre network to link 10 African countries

    MTN plans to build 20,000km fibre network to link 10 African countries MTN Group Ltd., Africa’s biggest mobile-phone operator, plans to build a $320-million (R6.01-billion) inland fibre cable to connect 10 countries, as telecommunications companies push to expand service to the continent’s...
  8. Hanno Labuschagne

    MTN in discussions to sell West African markets

    MTN in discussions to sell West African markets MTN Group Ltd. is in advanced talks with Axian Group Ltd. to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio. The companies are negotiating on prices for...
  9. Hanno Labuschagne

    Vodafone wants to extract more value from Vodacom — considering merger, divestment, or stake sale

    Vodafone wants to extract more value from Vodacom — considering merger, divestment, or stake sale Vodafone Group Plc is exploring options for its African business as investors ramp up pressure on the UK telecom company to boost performance, people familiar with the matter said. The...
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