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.
Browsing: Telecoms
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.
Helios Towers has earmarked $100-million (about R1.4-billion) for spending on telecommunications infrastructure in South Africa in the next three to four years.
Communications minister Stella Ndabeni-Abrahams appears to have deleted a tweet in which she told Vodacom to “shut up”, accusing the mobile operator of a “poor PR stunt” related to its “settlement” with former employee Nkosana Makate.
Telecommunications tower operator Helios Towers has entered the South African market, promising big investments in infrastructure as the country moves to 5G.
Huawei cut loose a sales director arrested in Poland on suspicion of espionage, moving swiftly to distance itself from a case that may crystallise fears the telecommunications giant helps Beijing spy on Western governments.
Communications minister Stella Ndabeni-Abrahams has slammed Vodacom on social media, telling it to “just shut up” and “do the right thing” around the “please call me” settlement with its former employee, Nkosana Makate.