Mastercard will invest $100-million in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion, the London-listed company said on Thursday.
Nigeria’s telecommunications regulator has ordered mobile phone users to link their devices to their national identity numbers, raising the prospect of millions of lines being blocked.
Nigeria has ordered telecommunications companies, including MTN Group, to suspend the sale of Sim cards while authorities check their compliance with registration guidelines.
Airtel Africa plans to sell about 4 500 telecommunication towers across five countries including Tanzania and Madagascar to help reduce $3.5-billion of debt and prepare for looming bond repayments.
The United Nations is partnering with MTN, Vodacom, Orange and Airtel on a mobile data platform that delivers coronavirus-related information around Africa.