MTN Uganda has set its initial public offering price at 200 Ugandan shillings (R0.83) per share.
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Facebook is upping its efforts to connect the next billion people to the Internet – many of whom live in Africa – with new investments in subsea cables, robotics and wireless last-mile technologies.
MTN South Africa is going uncapped – not on fibre, but on its wireless network, launching uncapped fixed-LTE plans starting at R499/month in a challenge to rival Rain.
MTN Uganda’s initial public offering is expected to raise about R18-billion, the country’s Capital Markets Authority said on Tuesday.
The consortium behind the planned 2Africa submarine cable system has announced the project will be expanded further, making it the longest such system ever deployed.
Ethiopia’s telecommunications regulator said on Tuesday it had invited a request for proposals for a second national telecoms licence.
MTN Group affiliate, emerging markets telecommunications tower operator IHS Towers, is pursuing a possible listing on the New York Stock Exchange.
Uganda’s biggest telecommunications firm, a unit of South Africa’s MTN Group, has launched the East African country’s first mobile phone-based stocks trading platform.
MTN Group is in talks with potential international buyers for its wireless business in Afghanistan, a bid to accelerate plans to exit the country, according to people familiar with the matter.
Communications regulator Icasa on Tuesday moved to avoid a lengthy court battle over the upcoming spectrum auction, saying it will consent to a high court order.