Bharti Airtel’s Kenyan unit has agreed to combine operations with Telkom Kenya, creating the second-largest telecommunications operator in the East African nation after Safaricom.
WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.
Safaricom’s market share dropped 1.6 percentage points to 65.4% in the three months to June as Bharti Airtel’s Kenyan unit and Telkom Kenya increased mobile phone customers at a faster pace.
Vodacom Group shares fell after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending.
Safaricom has accused Kenya’s telecommunications regulator of failing to enforce investment requirements for smaller competitors in return for their licences, meaning its market share went unchallenged.
Vodacom Group has cut its dividend and reported earnings that missed estimates as Africa’s biggest wireless carrier by market value absorbed the acquisition of a stake in Kenya’s Safaricom and expanded its network
MTN has emerged as Africa’s most valuable telecommunications brand, according to a new research report by brand valuation and strategy consultancy Brand Finance. The MTN brand is worth US$3.3bn, up 9% from
Vodacom had 73.6m active customers across its various markets at the end of December, an increase of 13% year on year, the JSE-listed telecommunications group said on Wednesday in a
Revenue from data at Vodacom South Africa, the telecommunications group’s biggest market, has topped voice revenue for the first time, interim results for the six months ended 30 September 2017 show. Data revenue in South Africa
Vodacom Group slumped the most in more than seven years after South Africa’s antitrust regulator started a probe into a contract with the national treasury that may constitute an abuse of market dominance. The September