Ethiopia is suspending the tender process for its second telecommunications licence and will relaunch it in the “near future”, the government said.
Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.
Ethiopia expects its second telecommunications provider to start operations in the first quarter of next year despite conflict in the country.
Kenya’s biggest telecommunications operator has lowered its full-year forecast for earnings due to its investment in Ethiopia.
Ethiopia’s telecommunications regulator said on Tuesday it had invited a request for proposals for a second national telecoms licence.
Vodacom affiliate Safaricom has submitted a proposal to Kenya Power for the installation of a $300-million smart meter system at the utility.
Vodacom Group on Monday fleshed out some of the details of the consortium that recently secured an operating licence in Ethiopia.
Mobile payments platform M-Pesa has topped 50 million active users – measured by monthly active customers – telecommunications group Vodacom said on Tuesday.
Standard Bank Group is taking a big bet on the future of mobile payments in Africa, launching a platform called Unayo that takes direct aim at Kenya’s M-Pesa and other mobile payment solutions.
MTN Group is once again worth more than rival Vodacom Group after a surge in the former’s share price following publication of solid interim results last week.