Vodacom will take majority control of Safaricom in a R36-billion deal, boosting group revenue and deepening its African expansion.
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Safaricom of Kenya on Thursday reported group earnings before interest and taxes of KSh65.2-billion , up 54.5% from a year ago.
How does the remuneration of the CEOs of South Africa’s two biggest telecoms groups compare?
Vodacom Group has appointed Mohamed Abdallah as CEO of its international markets.
Luka Mucic, chief financial officer at Vodacom parent Vodafone, will step down by early next year.
Vodafone said it had made the world’s first video call via satellite using a standard smartphone.
Direct-to-cell technology could transform the global telecoms landscape. However, the technology must first prove itself.
MTN Group is exploring partnerships with low-Earth-orbit satellite providers, group CEO Ralph Mupita said.
Vodacom has reported a 19.4% decline in half-year earnings, hurt by start-up costs in Ethiopia and forex losses.
Vodafone Group has partnered with Google to bring cloud services and generative AI tools to customers in Europe and Africa.