Google and Facebook are in a race to surround Africa with high-capacity subsea broadband infrastructure, with the former announcing that the first phase of its project, which will connect South Africa to Portugal, will be ready for service in 2021.
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Nokia has distanced itself from a senior executive who took aim at Huawei over the ongoing debate surrounding the safety of its 5G technology.
Bharti Airtel’s Africa unit plunged in London trading after raising about $750-million in an initial public offering, making it among the worst debuts on European exchanges this year.
S&P Global Ratings has downgraded Cell C’s debt rating further after the troubled mobile operator amended a private “airtime facility” agreement that the agency described as being “tantamount to a selective default”.
Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.
Orange is considering a bid for a minority stake in Ethiopia’s state-owned phone monopoly as Africa’s second most populous country prepares to welcome foreign telecommunications investors for the first time.
5G networks will allow vast gobs of data to be transmitted at great speeds. And more data usually means more money for mobile carriers. But there’s a hitch. Cloud giants such as Amazon.com and Microsoft are lurking.
The communications minister will issue a policy direction to Icasa within a month, allowing broadband spectrum to be allocated to mobile operators, President Cyril Ramaphosa said in his state of the nation address.
Cape Town-focused fibre-to-the-home infrastructure operator Octotel said it is now the third-largest fibre provider in the country, behind Openserve and Vumatel, after reaching 100 000 homes passed.
Nokia and Ericsson have recently wrested notable long-term deals from Huawei to build 5G wireless networks, with analysts say more could come their way as Huawei grapples with a US export ban.