Vodacom Group has awarded its CEO, Shameel Joosub, more than R44-million worth of share options, which will vest in three years provided they are not forfeited and performance conditions are met.
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Shameel Joosub earned R55-million before tax in the 2021 financial year, a 26% increase on the previous year’s R43.4-million, according to a regulatory filing.
Ethiopia on Monday launched a tendering process for the proposed sell-off of a 40% stake in state-owned carrier Ethio Telecom to private investors.
Kenyan President Uhuru Kenyatta on Tuesday urged Ethiopia to open up its telecommunications sector to private mobile money business investors.
MTN Group will bid again for a Ethiopian telecommunications licence in the second round if mobile financial services are included, its CEO, Ralph Mupita, said on Friday after losing the first round.
President Cyril Ramaphosa hit out at telecommunications companies for bringing legal action against plans to issue more broadband spectrum, urging them to resolve the matter.
Communications regulator Icasa on Thursday decided to extend the emergency allocation of temporary spectrum under the Covid-19 state of disaster regulations until the end of August.
The consortium’s plans to expand in Ethiopia have been complicated by the US state development agency’s decision to pause investments in the country.
Ethiopia has awarded a new telecommunications licence to a consortium including South Africa’s Vodacom Group, paving the way for a long-awaited opening of the sector.
Has communications regulator Icasa just snatched away prime 5G spectrum from under the noses of South Africa’s big mobile operators?