Communications regulator Icasa has issued an invitation to apply for a tender to help it value high-demand spectrum bands ahead of a planned assignment of the valuable radio frequencies.
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MTN Nigeria has published strong maiden results as a listed company, with operating margins expanding significantly on the back of good service revenue growth.
Apple is to acquire chip maker Intel’s smartphone modem division for $1-billion to bolster its attempt to build its own line of 5G chips and lessen its dependence on Qualcomm.
Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period.
Twitter reported sales that beat Wall Street expectations as the social media company attracted millions of new users with better ways of sorting users’ feeds and more relevant notifications.
Vodafone Group plans to carve out its phone towers into a separate unit and consider an initial public offering, as it seeks to sell substantial stakes in the business to lower its debt.
Finance minister Tito Mboweni says government borrowing will surge and taxes may rise to fund the troubled Eskom. Yet no plan has been announced to restructure the overstaffed company.
Naspers said on Thursday that it’s leading a new investment round, worth $30-million, in Polish-founded peer-to-peer learning community Brainly. Other investors are Runa Capital and Manta Ray.
The ransomware attack that has crippled City Power’s IT systems holds valuable lessons for companies about disaster management and backup, a Swiss-based software specialist has said.
South Africa’s decision to more than double its financial support for Eskom is “credit negative” for the sovereign rating as it’s an additional drain on the budget, Moody’s Investors Service said.