Though there is “significant doubt” over Cell C’s ability to continue as a going concern, the mobile operator’s biggest shareholder, Blue Label Telecoms, said on Friday that “management believes it is more likely than not” that the company will survive.
Nokia is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.
South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.
A labour union is trying to prevent Telkom from continuing with a plan to cut as much as 20% of its workforce to cope with falling sales in its landline business and a weak South African economy.
Rebel politicians in Boris Johnson’s Conservative Party are piling pressure on the prime minister to reverse his decision to allow Huawei to help build the UK’s next-generation wireless networks.
Econet Global, owned by Zimbabwean billionaire Strive Masiyiwa, is keen to acquire a telecommunications licence in Ethiopia, which is opening up the industry to foreign investment for the first time.
Blue Label Telecoms said on Monday it will report a sharp swing back into profit in the six months ended 30 November 2019 after previously writing down the value of its 45% stake in mobile operator Cell C to zero.
The White House plans to hold a conference with Huawei’s rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said.
Epsidon Technology Holdings has acquired Nology, a specialist distributor of converged Internet protocol solutions to service providers, network operators, systems integrators and resellers in Southern Africa.
A federal judge has dismissed Huawei’s lawsuit challenging a US law that bars the government and its contractors from using the Chinese technology giant’s equipment because of security concerns.
