Bharti Airtel, India’s second biggest wireless carrier, is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, people with knowledge of the matter said.
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MTN Group has boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.
Rain will build a 5G network in South Africa, chairman Paul Harris said at the South Africa Investment Conference on Friday. It will leverage its existing spectrum allocation in the 3.6GHz band to do this, he said.
Blue Label Telecoms chairman Larry Nestadt has acquired millions of rand worth of shares in the company in recent weeks as its stock price continued to plumb levels last seen a decade ago.
A process called “digital restacking” could take up to two years to complete, delaying the allocation of prime radio frequency spectrum to telecommunications operators to 2022.
Rain is prepared to discuss roaming arrangements with any operator, and the company’s agreement with Vodacom is non-exclusive, its CEO, Willem Roos, said on Friday.
A month before communications regulator Icasa is due in court to defend itself against legal action over its new data-expiry rules, Telkom has begun to implement the regulations.
Standard Bank has finally confirmed one of the telecommunications industry’s worst-kept secrets: it will launch a mobile virtual network operator (MVNO), becoming the second major bank in South Africa to do so.
Communications regulator Icasa failed in its regulatory duty when it allowed Vodacom and Rain to enter into a national roaming agreement, Cell C told the Competition Commission on Thursday.
Regulators should lend more support to smaller mobile operators to help them break the dominance of Vodacom and MTN, Telkom CEO Sipho Maseko told the Competition Commission on Thursday.