Safaricom CEO Bob Collymore, whose push into mobile payments spurred a five-fold increase in the Kenyan company’s value, died after a battle with cancer. He was 61.
Browsing: Telecoms
Analysts have long criticised Telkom since its entry into the mobile market in October 2010, which hasn’t come cheap. But it’s become the company’s saving grace.
US President Donald Trump said he eased restrictions on China’s most prominent technology company as part of a trade truce with Beijing.
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.
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.