Facebook and some of the world’s largest telecommunications carriers, China Mobile and MTN Group, are set to build a wider-than-earlier-planned giant subsea cable in Africa.
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MTN Group doesn’t want to play second fiddle to other operators in Ethiopia, prompting its decision not to bid when the East African country tenders a second telecommunications licence soon.
Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
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.
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.
A Vodafone Group consortium and MTN Group submitted bids for permits to operate in Ethiopia that were much less than what was sought by the government, people with knowledge of the matter said.
Vodacom Group is expanding its financial and e-commerce services in South Africa through a partnership with AliPay, seeking to accelerate growth in a market hampered by a lack of new broadband spectrum.
Vodacom Group upgraded its medium-term operating growth target to mid-to-high-single digit on Tuesday after reporting a 3.7% jump in full-year earnings.
Safaricom of Kenya is holding talks with Amazon.com about the use of mobile money service M-Pesa on the e-commerce giant’s platform.
Kenya’s Safaricom posted a drop in its full-year core earnings as the impact of Covid-19 cut revenue from financial services and calls, though it predicted a recovery based on second-half numbers.