Browsing: Econet

Econet said to seek UK listing with $8bn value

African telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about US$8bn next year after combining new and existing assets, according to people familiar with the matter

Discover Digital takes on media’s big boys

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

ShowMax seeking new telco partnerships

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

Zim backs down on tariff hikes

Zimbabwe’s telecommunications regulator has backed down over new floor prices for telecoms services, resulting in the country’s largest operator, Econet, reversing large price increases announced earlier in the week. In a statement, the country’s

Liquid Telecom secures billions in funding

Econet Wireless unit Liquid Telecom has secured US$300m (about R4,3bn) to help fund expansion in Africa and its R6,5bn acquisition of Neotel. Standard Bank is arranging the syndicated loan to help fund the Neotel

Editor's pick
Naspers worth less than what it owns

Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how

Zim officials threaten WhatsApp crackdown

Zimbabwe’s telecommunications regulator has threatened to disconnect mobile subscribers it says are spreading information via WhatsApp about the protests that have rocked the country. Zimbabwe is battling to contain public outrage over economic

More emerges on Zimbabwe WhatsApp outage

Instant messaging app WhatsApp experienced downtime on mobile networks in Zimbabwe on Wednesday as protest action started taking root. Zimbabweans woke up to no WhatsApp connectivity through their mobile phones on Wednesday, a rare occurrence in

WhatsApp outage hits Zimbabwe

Instant messaging application WhatsApp was unavailable in Zimbabwe on Wednesday amid fears that the government was clamping down on social media as the economically and politically troubled Southern African country faced a day of national protest

What Liquid Telecom gets from Neotel

Econet Wireless Global affiliate Liquid Telecom agreed to pay R6,55bn for South African telecommunications operator Neotel, creating the continent’s largest broadband network and business-to-business phone