Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.
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Openserve, the wholesale division of Telkom, has announced that it will serve as the landing station partner for Google’s massive Equiano submarine cable system in South Africa.
Icasa is making steady progress in meeting the requirements for holding a long-anticipated spectrum auction next year.
ZTE in South Africa has agreed to pay R5-million in a settlement agreement over “cartel conduct”, the Competition Commission said on Tuesday.
Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.
Vodacom Group may consider a separate listing of its financial services business in South Africa to unlock value.
Telkom burned through close to R1-billion cash in the most recent six months.
When the two richest people in the world are throwing money at the satellite business, it takes a brave billionaire to join the fray.
Vodacom’s capital expenditure in South Africa jumped by 11.1% year on year, pushing spending on its network to R5.6-billion from R5-billion a year ago.
Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.