Helios Towers rose 1.8% in London after raising R5.4-billion in a long-delayed share sale that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Multiple sources close to Cell C have rubbished a report that China Mobile is about to strike a deal to buy a stake in the troubled South African mobile operator.
Ethiopia may give up majority control over its telecommunications monopoly in a second phase of privatisation once it’s sold 49% of the company next year.
A report on Tuesday suggested China Mobile may be about to swoop to the rescue of embattled mobile operator Cell C. Telkom is also rumoured to be circling.
Telkom has taken the wraps off new Sim-only fixed-LTE broadband plans for both contract and prepaid customers, with prices starting at R59/month for 5GB of data (plus 5GB of “night surfer” data).
Telecommunications and technology advisory firm BMIT has warned that South Africa faces complex choices and trade-offs in reaching decisions regarding the awarding of new spectrum licences.