Ethiopia’s decision to exclude mobile money from the terms of two new telecommunications licences cost the government about R7-billion from bid levels, Prime Minister Abiy Ahmed said.
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Ethiopia received bids for telecommunications licences from MTN Group and a consortium led by Vodafone Group, according to Brook Taye, an adviser in the finance ministry.
Vodafone Group is looking to raise as much as €2.58-billion from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year.
Old Mutual’s private equity unit has acquired a stake in a second data centre in sub-Saharan Africa as it expands to take advantage of a shortfall in cloud storage capacity on the continent.
A month before South Africa is due to sell spectrum for 4G and 5G mobile networks, India raised R160-billion in an auction of airwaves.
Vodafone Group is considering options for its Ghana business as it focuses on reorganising the group and paying down debt, according to people familiar with the matter.
American Tower Corp is buying telecommunication towers in Europe and Latin America from Telefonica for €7.7-billion, signalling a new competitive threat in Europe’s fast-growing tower industry.
Vodacom parent Vodafone has reached an agreement with AST SpaceMobile to launch the first phase of a space-based commercial mobile communications service in 2023, with Africa to benefit first.
MTN Group is looking to sell and lease back part of its portfolio of 13 000 South African towers, a sign that new CEO Ralph Mupita is looking to build on a disposal plan kicked off by his predecessor.
Anne O’Leary, the CEO of Vodafone Group’s operations in Ireland, will join the Vodacom Group board as a non-executive director from January 2021.