Econet Wireless of Zimbabwe has put its media unit up for sale after saying earlier this month it would be closed because of a shortage of foreign currency in the country.
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Zimbabwe’s Econet Wireless will shut its African pay-television unit due to the country’s economic condition and shortage of foreign currency, group CEO Douglas Mboweni said.
Zimbabwe’s high court has ruled that unrestricted access to Internet services must be restored following a shutdown of social media applications that has lasted for almost a week.
Zimbabwean lawyers and a rights group are going to court to challenge the government’s shutdown of the Internet, which has yet to be fully restored after this week’s nationwide strike.
Econet Wireless Zimbabwe plans to list its financial units as a single entity on the country’s stock exchange and sell a majority stake in network operator Liquid Telecom Zimbabwe back to the firm’s parent company.
Telkom is in talks with Zimbabwe’s state-owned mobile telecommunications operator, NetOne, as the government weighs the privatisation of the business, Bloomberg reported.
Econet Wireless Zimbabwe is in talks about restructuring the company, according to two people familiar with the matter. The restructuring may be related to a planned listing of Liquid Telecom.
MTN Group’s former video-on-demand provider, Discover Digital, is starting a new South African online TV service with lender Investec, just days after its partnership with Africa’s biggest wireless operator was cancelled. The closely
Zimbabwe’s crippling cash shortage has left a black hole in the financial system that’s crushing the rest of the economy. “We deposit the cash and it becomes theoretical, ephemeral,” Mohamed Salam, who owns several small stores selling building supplies
Naspers, Africa’s biggest company by market value, is seeking partnerships with mobile phone operators on the continent to boost its video-on-demand business and help compete with US giant Netflix. The owner of Africa’s biggest pay-TV provider