Econet Global, owned by Zimbabwean billionaire Strive Masiyiwa, is keen to acquire a telecommunications licence in Ethiopia, which is opening up the industry to foreign investment for the first time.
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Safaricom, weighing up an offer for Ethiopia’s telecommunications business later this year, plans to take on debt to fund a joint bid by a consortium including parent Vodacom and two other entities.
It’s been a grim start to 2020 for some South African-listed technology companies, which have seen their shares battered on weak earnings updates and negative investor sentiment.
MTN South Africa said on Tuesday that it’s some making progress in fighting the scourge of cellphone tower battery theft, though the problem is far from being overcome.
Even when South Africa has completed the switch-off of analogue television broadcasting signals as part of the long-delayed broadcasting digital migration project, the spectrum may still not be available for broadband operators.
Remgro’s CIVH has made it crystal clear that it wants to be a major player in South Africa’s planned wholesale open-access network and has lobbied communications regulator Icasa to provide strong support to the new entity.
MTN Group’s headline earnings per share will rise by as much as 50% in the year ended 31 December 2019, it said in a trading statement issued after markets closed in Johannesburg on Tuesday.
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.
Earnings are up, margins are stabilising and there is a ruthless approach to cutting additional costs out of the business. A recharged Cell C is being built that creates value for its stakeholders.
Vodacom’s agreement with Liquid Telecom to roll out a national 5G network using the latter’s spectrum will entrench the dominance of the country’s biggest mobile operator, Telkom warned has warned.