Author: Staff Reporter

Nasdaq-listed global asset management firm Carlyle Group is acquiring a majority stake in South Africa’s CMC Networks, which provides managed connectivity solutions for telecommunications operators across Africa. Investec Equity Partners will

MultiChoice has upgraded its DStv Now streaming service, ditching Adobe Flash in favour of HTML5, while also updating its SuperSport iOS and Android app to allow for a picture-in-picture mode

MTN has raised R1,1bn through the public offer for its new black economic empowerment scheme, Zakhele Futhi, well short of the target of R2,5bn, but sufficient to allow the transaction to proceed. The telecommunications group

Naspers expects its core headline earnings to rise by as much as 28% in the six months to end-September 2016 compared to the same period a year ago. The JSE-listed global technology and media giant said

Vodacom has reached an agreement to roam on Wireless Business Solutions’ LTE-Advanced network, according to a report. Vodacom will benefit from WBS’s LTE-A broadband network through a roaming deal

ANC chief whip Jackson Mthembu has filed a defamation suit against SABC executive Hlaudi Motsoeneng, demanding R1m for making “malicious and defamatory” remarks about him

Online audio distribution platform iono.fm has raised R2,5m in funding from a Clifftop Colony-led consortium made up of South African and international angel investors, the company said on Thursday. Iono.fm provides a

Vox is cutting the retail prices of its “Fat Pipe” home DSL plans to below R1/GB, effective immediately. The price decrease will apply for all new online sales, across its Fat Pipe DSL product range. Existing Fat Pipe customers

Seacom has partnered with Indoi to build a new, US$150mtelecommunications cable system to connect Mauritius to Africa and the rest of the world. IOX Cable, a subsidiary of Indoi, has signed a

MTN South Africa has appointed Giovanni Chiarelli as its new chief technology and information officer. Chiarelli replaces Babak Fouladi, who was interim CTO in addition to his role as MTN group executive for technology and information systems. Chiarelli has 17 years