Author: Loni Prinsloo

Naspers, the biggest investor in Chinese tech giant Tencent, is spinning off its main Internet businesses in Amsterdam in a push to boost its value.

The National Basketball Association has signed a deal with YouTube for a dedicated African channel to boost its presence on the continent.

Dimension Data senior managers are approaching lenders and investors to raise cash for a possible deal for the group’s Africa and Middle East operations, which could be valued at about $800-million.

Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.

MTN Group shares soared by 18.1% on Thursday after Africa’s biggest wireless carrier started a R15-billion disposal plan to shore up the balance sheet.

MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.

MTN Group is considering the sale of its stake in Botswana’s largest wireless carrier, according to people familiar with the matter, in a deal that could raise R2.5-billion.

Blue Label Telecoms is considering offers for potential new investment in Cell C after posting a first-half loss partly caused by its interest in South Africa’s third-largest mobile phone company.

MultiChoice Group soared 16% in debut trading in Johannesburg as the pan-African pay-TV company embarks on a new era of independence following a spin off by technology giant Naspers.

Helios Towers wants to build a thousand telecommunication towers in South Africa in the next three years as it tries to capitalise on rapid growth in mobile services and shape up for an initial public offering.