Vodacom’s Egyptian unit will co-invest through a joint venture with Elsewedy Electric and Cassava Technologies.
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Home-Connect and Afrihost charge the same prices and apply the same fair-use limits on Comsol’s new network.
Vodacom has since secured waivers from its lenders, but its appeal against the ruling has yet to be heard.
Vodacom South Africa’s prepaid revenue accelerated in the second quarter, and its margin hit its highest level since FY2023.
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Eskom on Friday said it made a net loss of R20.5-billion in its financial year ending in March 2020, down slightly from R20.9-billion the previous year.
Naspers’s European-listed Internet investment holding company Prosus announced on Friday that it plans to acquire up to $5-billion in both Naspers and Prosus shares in a massive share buyback programme.
MTN Group said on Friday it had now exited its 18.9% stake in African online retailer Jumia, making R2.3-billion in net proceeds.
MTN South Africa delivered strong subscriber growth in the third quarter of 2020, propelled higher by an advance in prepaid users. This, coupled with surging demand for data, helped lift revenue and margins.
After years of toying with the idea of launching a mobile virtual network operator (MVNO) platform offering, MTN South Africa has finally pulled the trigger on it.
MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.
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Snapchat will seek to raise as much as US$4bn in its planned initial public offering, according to people familiar with the matter. The IPO could value Snapchat at about $25bn to $35bn, the people said, asking not
BlackBerry showed off the last phone it will market itself before completely outsourcing design, production and distribution to partners: a 5,5-inch touchscreen device that rivals the size of the iPhone 7 Plus and
Xiaomi, once the biggest smartphone vendor in China, has unveiled its most expensive handsets as it seeks to recapture sales with a push into high-end devices. The Mi Note 2, sporting a curved screen
Time Warner has agreed to be acquired by AT&T in a stock and cash transaction that values the entertainment conglomerate at US$86bn, according to a person familiar with the negotiations. Investors will get up to $110/share
