African Equity Empowerment Investments, controlled by Iqbal Survé’s Sekunjalo Group, has told Britain BT Group that it can’t exercise a call option to terminate its agreements with the company.
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BT Group’s board remains divided following the unexpected resignation of chairman Jan du Plessis, with the two camps mainly at odds over the pace of changes needed at the company.
Telefonica and Liberty Global have agreed to create the UK’s largest phone and Internet operator, a deal that threatens its rivals and marks another industry-defining merger for billionaire John Malone.
Phone companies are scrapping plans to sell Huawei handsets as the impact of a US supply ban spreads, threatening to impede the Chinese technology giant’s global smartphone ambitions.
A group representing top US mobile service providers disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei ahead of a conference that will highlight a US-Europe divide on the issue.