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”.
Browsing: Telecoms
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.
Huawei founder Ren Zhengfei expects US sanctions to curtail its revenue by about $30-billion over the coming two years, wiping out its growth by withholding critical American technology.
Samsung Electronics vice chairman Jay Y Lee said the company will pursue investment in future businesses including 6G mobile networks and system semiconductors.
As Huawei comes under unrelenting pressure from the Trump administration, it has one advantage that the US can’t undermine: a vast, global portfolio of patents on critical technology.