Ray Le Maistre, International Group Editor, Light Reading, 5/30/2018
In the kind of deal classically known as 'vendor financing,' Telecom Egypt has secured a US$200 million loan from a number of Chinese financial institutions to help fund its 4G network rollout, including the deployment or core and transport network technologies.
Ray Le Maistre, International Group Editor, Light Reading, 5/29/2018
MTN Ghana has started its IPO process that will see it listed on the Ghana Stock Exchange later this summer. The country's leading mobile operator is offering almost 4.64 billion shares to investors -- 35% of its total stock -- and hopes to raise 3.47 billion Ghanaian cedis (US$743 million) in a listing that would value the operator at about GHS10 ...
Connecting Africa, 5/29/2018
KT (Korea Telecom) is seeking further ICT partners across Africa following its involvement in helping to build a wholesale national 4G LTE network in Rwanda, called KT Rwanda Networks (KTRN), in collaboration with that country's government.
PRESS RELEASE, 5/28/2018
PRESS RELEASE -- PRETORIA -- Telkom SA has reported its Group Provisional Annual Results for the year ended 31 March 2018.
The Staff, 5/24/2018
Lidya, a digital financial services platform focused on meeting the needs of micro-, small- and medium-sized enterprises (MSMEs) in Africa, has raised US$6.9 million in a Series A investment round, believed to be one of the largest in Nigerian tech history.
Ray Le Maistre, International Group Editor, Light Reading, 5/15/2018
Digital payment specialist Cellulant, which is already active in 11 African markets, has raised $47.5 million in a Series C round of funding led by The Rise Fund, an investment vehicle managed by growth equity platform TPG Growth.
Ray Le Maistre, International Group Editor, Light Reading, 5/14/2018
Vodacom has reported a 6.3% increase in annual revenues to 86.4 billion South African Rand (US$6.9 billion), ZAR70.6 billion ($5.64 billion) of which came from service revenues.
The Staff, 5/7/2018
Nigerian integrated telecoms services provider Globacom is to invest in a Significant submarine optical transport link that will provide much needed, high-bandwidth connectivity for the country.
Ray Le Maistre, International Group Editor, Light Reading, 4/27/2018
Orange's financial recovery in the Africa and the Middle East (AME) region continued in the first quarter of 2018, with total revenues increasing 6.2% year-on-year to euro 1,245 million (US$1,494 million). This follows an uptick during the latter months of 2017. (See Orange Hails Africa Recovery, Expects Margin Growth.)
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