Author: Loni Prinsloo

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

Vodacom is considering the sale of a R15bn stake in what would be one of the country’s biggest ever deals aimed at boosting black participation in the economy, according to two people familiar with the matter. The mobile group

MTN Group, the South African wireless carrier that’s been trying to repatriate US$1bn from Iran, has managed to extract several hundred million dollars or several billion rand from the country with the

A Johannesburg start-up is set to become the first company to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and other devices based on

MTN Group’s plan to sell shares in its Nigerian unit on the local stock exchange next year is at risk following allegations by lawmakers that Africa’s biggest wireless carrier illegally moved almost

MTN Group executive chairman Phuthuma Nhleko has sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO Rob Shuter. Nhleko will also benefit from the

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television

Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel. Standard Bank is arranging the syndicated loan to help fund the Neotel

Telkom said first-half earnings rose 20% as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were R3,36 in the six months