Author: Loni Prinsloo

Remgro is in talks to sell broadband provider Dark Fibre Africa to Internet Solutions (IS), according to three people familiar with the matter. Remgro, which owns 51,9% of the business, and investment partner

Facebook has increased its number of African users to 170m and plans to expand further by adding Wi-Fi hotspots and fibre-optic cables, in a bid to spread its reach outside of developed markets. The figure is

MTN Group awarded executive chairman Phuthuma Nhleko R72,2m in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators and shook up senior management. Nhleko, 56, was paid a R30m

Telkom plans to break out its telecommunications towers and real estate assets into a separate unit that may then be listed on a stock market, according to two people familiar with the matter. The new entity would be run by a new, property-focused

Google is scaling up investment in Africa by laying fibre-optic cable, easing access to cheaper Android phones and training a workforce in digital skills as the US technology giant seeks to expand on the continent. “We laid about 1 000km of fibre in Uganda and we are busy

Telkom is considering a bid of as much as R13bn for Cell C, which has missed debt payments and is trying to complete a recapitalisation, according to three people familiar with matter. Investment banks are also approaching other potential

MTN Group will look for new ways to bring banking services to its customers’ mobile phones in South Africa after severing ties with Australian-owned partner Tyme. Africa’s biggest mobile phone operator scrapped the

Liquid Telecom, a unit of Econet Wireless Global, is considering a sale of shares on a stock market after completing the R6,5bn purchase of Neotel to create the largest broadband network in Africa. “A possible listing would be very likely,” CEO Nic Rudnick

MTN Group is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s biggest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging

Orange is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official. “We are looking for acquisition opportunities in