Vodacom Group’s latest trading update, for the quarter ended December 2018, makes for sobering reading, particularly for those invested in the telecommunications sector.
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The Prince’s Trust has announced it will no longer accept donations from Huawei amid mounting security concerns about the Chinese firm’s technology.
Never in the history of the mobile phone has there been so much hype about a new technology ahead of its launch than there is with 5G.
Teraco Data Environments is being acquired by Berkshire Partners, a Boston-based investment firm. The Permira funds, an existing shareholder, will remain a “significant” investor alongside Berkshire.
The weak South African economy, coupled with consumers “optimising” promotional data, has led to a surprise decline in Vodacom’s service revenue in the quarter ended 31 December 2019.
MTN Uganda is in talks to sell an unspecified stake to the state-run National Social Security Fund that would widen local shareholding currently at only 5%, President Yoweri Museveni’s office said.
Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.
MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.
Helios Towers, which earlier this week announced its entry into the South African market in a joint venture with Vulatel, said on Friday that is has acquired a controlling stake in SA Towers.
Ren Zhengfei, the billionaire founder of Huawei Technologies, broke a years-long silence as his technology empire faces its biggest crisis over three decades of existence.