MTN Group is in talks with potential international buyers for its wireless business in Afghanistan, a bid to accelerate plans to exit the country, according to people familiar with the matter.
Author: Loni Prinsloo
South African telecommunication companies are trying to settle a wireless spectrum auction dispute with the industry regulator out of court to avoid a prolonged legal battle.
Tencent investor Prosus – the spinoff of JSE-listed technology and media conglomerate Naspers – is placing its bet on India as the next big technology market.
The deal between South Africa’s Naspers and its spinoff Prosus this week caused havoc, with the JSE forced to delay opening by hours on Wednesday amid the rush of rebalancing trades.
Facebook and some of the world’s largest telecommunications carriers, China Mobile and MTN Group, are set to build a wider-than-earlier-planned giant subsea cable in Africa.
MTN Group is set to complete the sale and leaseback of South African towers by the end of next month, while a separation of both the fintech and fibre units is also under way.
Ethiopia’s revived plan to sell a second telecoms licence to international operators received an early setback as MTN Group isn’t likely to resubmit a bid, according to people familiar with the matter.
Facebook and Liquid Intelligent Technologies are extending their reach in Africa by laying 2 000km of fibre in the Democratic Republic of Congo.
Naspers spin-off Prosus is planning to expand its grocery services using “dark stores” as competition booms in the global market for food delivery.
Vodacom Group is expanding its financial and e-commerce services in South Africa through a partnership with AliPay, seeking to accelerate growth in a market hampered by a lack of new broadband spectrum.