Vodafone has warned that Britain’s desire to lead the world in 5G technology will face a big blow if it decides to remove Huawei Technologies from the country’s telecoms infrastructure.
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Vodacom Group has moved to simplify its structure, creating a standalone South African operation and appointing an MD, a newly created role that will be filled by Vodafone executive Balesh Sharma.
A giant subsea cable to help bring more reliable and faster Internet across Africa will cost just under $1-billion (R18.7-billion at the time of writing), according to three people familiar with the project.
A massive new submarine broadband cable is to be built around Africa and the Middle East and is being backed by the likes of Facebook, China Mobile, MTN Group, Vodafone Group and Orange.
Telefonica and Liberty Global have agreed to create the UK’s largest phone and Internet operator, a deal that threatens its rivals and marks another industry-defining merger for billionaire John Malone.
Leading MTN Group has come at an “enormous sacrifice”, outgoing CEO Rob Shuter said on Wednesday at a media conference following the presentation of the telecommunications operator’s 2019 financial results.
Vodacom Group sees its African financial services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as $2.
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.
Britain will let Huawei Technologies play a limited role in building the country’s next-generation mobile phone networks, denying a long-running attempt by the US to have the Chinese tech giant barred.
With a fixed-line business under pressure, an IT services company feeling the pinch and a mobile business facing strong competition, Telkom CEO Sipho Maseko has a difficult road ahead of him. By Duncan McLeod.