Cell C’s largest shareholder, Blue Label Telecoms, is confident a recapitalisation of the mobile operator will be completed in the coming months and that this will put it on a new growth trajectory.
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Telkom Kenya has called on the industry regulator to ensure a level playing field, weeks after the company abandoned plans to combine operations with Airtel Africa’s domestic unit.
Vodacom Group has a new chief financial officer. Raisibe Morathi will take on the role from 1 November, when she will also be appointed to the board as an executive director.
Financially distressed mobile operator Cell C expects to close 128 retail stores around the country, with 546 jobs on the line, as it moves to reduce costs and become a more sustainable business.
Seacom chief strategy officer Suveer Ramdhani, who has played an integral role in the telecommunications company since its launch in 2009, has resigned.
China will take “all necessary measures” to protect its firms’ legitimate interests, the commerce ministry said, in response to the US move this week to further tighten restrictions on Huawei.
Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September.
Thousands of investors in Vodacom Group’s black economic empowerment scheme, YeboYethu, have failed to claim more than R73-million in dividends owing to them.
Wireless towers operator IHS Holding is exploring a potential IPO, shareholder Wendel said on Tuesday, in a deal that could be the biggest listing ever by an African company in the US.
The high court in Pretoria has handed a significant and potentially ground-breaking legal defeat to Telkom, and victory to Vodacom, over the use of the former’s ducts used to carry broadband cables.