Browsing: Goldman Sachs

News
Jumia parent raises billions for growth

South African telecommunications group MTN, along with investment firm Rocket Internet and investment bank Goldman Sachs, have announced they are pumping €300m, or more than R5bn

News
Six groups bid for Cell C: report

Cell C parent Oger Telecom has received offers to buy its controlling 75% stake in the South African mobile telecommunications operator from six groups, it was reported on Wednesday. Business Day quoted Oger Telecom chief legal officer and

News
Cell C appetising at ‘right price’: Telkom

Telkom CEO Sipho Maseko has reportedly said that at the right price, the company would consider an offer to buy mobile network operator Cell C. This is according to Reuters, which quotes Maseko as saying that Cell C is an “interesting proposition”

News
Jobs axe to fall at Cell C

Cell C has begun a restructuring drive that could lead to the retrenchment of 47 employees, the mobile operator confirmed on Thursday. This followed a statement issued by trade union Solidarity

News
Cell C still gaining ground in prepaid

MTN has continued to lose market share in prepaid in South Africa in the past six months, despite slashing its voice tariffs to 79c/minute, new numbers published by Blue Label Telecoms suggest

News
$490m in new funding for tower firm IHS

Cellphone tower management company IHS has secured US$490m in new funding, made up of $420 in equity and $70m in debt, as it expands its operations across Africa. Existing shareholders in IHS are contributing to the fund-raising

Alistair Fairweather
Is Facebook really worth $50bn?

We’re pretty used to hearing outlandish valuations on Internet companies that, if they were people, would be barely out of nappies. It happened during the first dot-com boom, and it’s happening again now. But news that Facebook is