A giant subsea cable to help bring more reliable and faster Internet across Africa will cost just under $1-billion (R18.7-billion at the time of writing), according to three people familiar with the project.
Browsing: Telecoms
A massive new submarine broadband cable is to be built around Africa and the Middle East and is being backed by the likes of Facebook, China Mobile, MTN Group, Vodafone Group and Orange.
Telkom’s retail division has slashed the price of digital subscriber line broadband services for six months as part of a promotion.
MTN Group said it is implementing cost control measures, focusing on mission critical expenses and enhanced oversight of expenditure, amid uncertainty over the impact of the Covid-19 pandemic.
Vodacom on Wednesday announced that it has formed a partnership with Google parent Alphabet to offer Internet access in rural Mozambique using Loon Internet balloons.
MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.
Vodacom Group will spend R1-billion in its current financial year ensuring its network in South Africa is able to cope with Eskom’s rolling blackouts.
The volume of data traffic flowing across Vodacom’s network in South Africa surged by 66% in the year ended 31 March, after price reductions led to greater “elasticity” in demand from consumers.
Government has amended regulations that prohibited telecommunications operators from porting customers’ numbers and scrapped rules regarding the electronic tracking and tracing of individuals.
Vodacom Group has turned in a strong financial performance, allowing it to hike its full-year total dividend by 6.3% to R8.45/share before tax despite the darkening economic situation.