Author: Duncan McLeod

Vodacom and MTN were by far the biggest spenders in South Africa’s spectrum auction, agreeing to cough up more than R5-billion each for prime access.

African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.

Altron has sold its Xerox agency, Altron Document Solutions (ADS), to Xerotech, a subsidiary of Bi-Africa Investment Holdings.

Rain is participating actively in communications regulator Icasa’s auction of broadband spectrum and expects its business to be a big beneficiary of the process.

Blue Label Telecoms has unveiled long-awaited details of a planned recapitalisation of Cell C – a move aimed at dealing once and for all with the mobile operator’s crippling debt problem.

Investors punished Chinese shares again on Tuesday, inflicting further collateral damage on South Africa’s Naspers and its European-listed spinoff, Prosus.

Facebook parent Meta Platforms has been referred by the Competition Commission for prosecution for alleged “abuse of dominance”.

Shares in Naspers and its spinoff Prosus tumbled on Monday after a report said Tencent Holdings faces a record fine in China.

African mobility fintech Moove has raised a further $105-million in a “series A2” round aimed at taking its business global.

The auction of mobile broadband spectrum will continue into next week after already raising more than the R8-billion expected.