JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates
Browsing: Econet Wireless
After switching off interconnection with state-owned mobile operator NetOne, Zimbabwe’s largest mobile operator, Econet Wireless, has been forced to reverse its decision by the Southern African country’s high court. Econet claims it is owed US$20m by its rival. Econet cut links with its rival last Thursday, claiming NetOne had
Econet Solar, a subsidiary of African mobile phone operator Econet Wireless, has launched a prepaid solar-powered home power station that it believes could have a meaningful impact on people’s lives on a continent where an estimated 70% of people not have access to a
A project to crisscross Southern Africa with high-speed fibre-optic telecommunications infrastructure is gathering pace with news that London-headquartered Liquid Telecom has completed the first phase of a network in Zambia. Phase one of the network
Could Zimbabwe be the next big investment opportunity for emerging markets-focused telecommunications operators? A new report from Renaissance Capital suggests it might be
Zimbabwe cellphone subscribers have increased four-fold since a unity government took office last year, but local firms say they battle to attract investors who worry the political truce won’t last. In 2008, when the local currency was ravaged by world-record hyperinflation, Sim cards were selling for up to US$220 — not including a phone.