Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel. Standard Bank is arranging the syndicated loan to help fund the Neotel
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“It costs more to get data to the coast than it does to get it the rest of the way to Europe.” Since the arrival of high-capacity undersea fibre-optic cables to African shores in 2009, I have heard this complaint
Telkom’s mobile business is finally profitable (and sustainable). Since its launch in 2010 (as 8ta), its cumulative losses total R10bn. In those six financial years (to 31 March 2016), it generated R12,9bn in
Zero. That’s how many payphones Telkom CEO Sipho Maseko wants to retain. “If I could get to zero, I’d be very happy,” he said in an interview with TechCentral on Tuesday. Telkom currently has about 20 000 payphones on its network, down
Seacom has partnered with Indoi to build a new, US$150mtelecommunications cable system to connect Mauritius to Africa and the rest of the world. IOX Cable, a subsidiary of Indoi, has signed a
Tencent Holdings, in which South African technology and media giant Naspers holds an approximately one-third stake, posted a 43% rise in third-quarter profit as its ability to attract Chinese gamers and social media mavens fuelled advertising growth. Net income climbed to
Cell C will reduce its net borrowings to a maximum of R6bn – from a proposed R8bn previously – Blue Label Telecoms, which is in the throes of buying a 45% stake in the mobile operator for R5,5bn
Mark Pamensky, who is a director of a company owned by South Africa’s Gupta family that has ties with President Jacob Zuma’s son, resigned as a board member at state-owned Eskom, less than a week after the utility’s CEO quit. Recommendations will be made
Telkom’s aggressively priced FreeMe mobile plans have proved to be a huge hit for Telkom, the telecommunications operator said on Tuesday. In the six months to 30 September 2016, Telkom’s mobile voice and
The Free Market Foundation has said the #datamustfall movement, which is agitating for lower mobile data prices, has largely gone unchallenged. Yet evidence suggests that South African data prices