Vodacom Group parent Vodafone Group’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21-billion acquisition, in a grim reality check for Europe’s struggling phone industry.
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MTN Group’s Nigerian unit plans to raise about ₦200-billion this year from a variety of sources including bank loans and bonds to expand operations in its biggest market.
WhatsApp has rushed to roll out a security fix after concerns were raised hackers could inject surveillance software on to phones via the call function.
Vehicles that appeal to swathes of consumers remain few and far between, and those on the road are still too expensive.
Vodacom cut its full-year dividend to R7.95/share for the year ended 31 March 2019, a 2.5% decline from the R8.15/share it returned to shareholders in 2018.
Microsoft plans to spend more than R1.4-billion over five years to open its first development centres in Africa to work with local partners and governments, as well as hire engineering talent.
Bitcoin jumped to almost $8 000 and didn’t look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.
Vodacom Group has updated its profit outlook on the back of the acquisition of East Africa’s largest mobile phone company that’s helping it push into financial services.
Facebook’s challenges can be tackled through regulation, not by breaking up the company, a company official wrote Saturday in the New York Times.
Vodacom will acquire a 51% stake in South African Internet of things specialist IoT.nxt, the telecommunications group said on Monday.