Liquid Telecom, the fast-growing pan-African telecommunications company majority owned by Strive Masiyiwa’s Econet Group, is getting ready to file for an initial public offering next year as it steps up expansion of its network across the continent, including South Africa. Masiyiwa, who
Fast-growing pan-African telecommunications company Liquid Telecom, which is owned by Strive Masiyiwa’s Econet Group, is set for an initial public offering next year, it was reported at the weekend. The New Zimbabwe website quoted the
Analysts have forecast a tough financial year ahead for Econet Wireless and the other, smaller mobile operators in Zimbabwe, with voice revenues and profitability likely to take a further knock as the government will effect a further voice tariff reduction
Morgan Tsvangirai’s Movement for Democratic Change (MDC) party said on Wednesday that an ongoing fight over Zimbabwe’s third-largest mobile operator proved the country was “a failed state”. Spokesman Obert Gutu said the fact that Telecel
The Kenyan government may have to inject Ksh6bn (R700m) into troubled fixed-line operator Telkom Kenya, according to Kenyan media reports. France’s Orange owns 51% of the company. Telkom Kenya has requested a total of Ksh13,9bn (R1,6bn) from government and Orange, saying it needs the cash to pre-empt a deepening
JSE-listed technology group Altech is selling its troubled East African businesses in a complex deal which will see fibre-optic telecommunications specialist Liquid Telecom taking over the assets. As part of the transaction, Altech will take an 8,6% stake in Liquid, which operates
Econet Solar, a subsidiary of African mobile phone operator Econet Wireless, has launched a prepaid solar-powered home power station that it believes could have a meaningful impact on people’s lives on a continent where an estimated 70% of people not have access to a
A project to crisscross Southern Africa with high-speed fibre-optic telecommunications infrastructure is gathering pace with news that London-headquartered Liquid Telecom has completed the first phase of a network in Zambia. Phase one of the network
