Telecom Operators

Ethiopia has raised the size of its planned Ethio Telecom stake sale up to 45% of the state-owned company from 40% previously, the ministry said. 

In accordance with e&’s evolving corporate identity, leading tech-telco operator Etisalat Egypt by e& signed a financing agreement with Commercial International Bank (CIB) for EGP 4 billion to support Etisalat's ambitious expansion plans.

Orange is considering stake sales for its African and Middle Eastern tower business. The French telecommunications company, which operates in 18 countries across the region, could also carve out the assets into units based on geography. Also, Orange is studying a range of options, including selling the towers by country, offloading the portfolio as a whole, sharing towers with other operators or holding an initial public offering, they said.

As per the quarterly announcement of the trading update of Vodacom Group Limited, the Group revenue increased 14.8% (4.7%) to R30.7 billion, positively impacted by the acquisition of Vodafone Egypt and rand depreciation against our basket of international currencies. In addition, Group service revenue was up 16.1%, with normalized growth of 3.5%, supported by growth in data revenue and financial services.

Orange and the German Development Cooperation inaugurated the 14th “Orange Digital Center (ODC)” in Sierra Leone, a digital ecosystem entirely dedicated to the development of digital skills and innovation. The inauguration was attended by government and regulatory authorities in Sierra Leone, the German Ambassador, members of the board of Orange Sierra Leone and Orange Foundation, representatives of Sonatel and Orange Middle East and Africa, and the executive committee members of Orange Sierra Leone, as well as the GIZ Country Director for Sierra Leone, Guinea and Liberia.

MTN Group President and CEO Ralph Mupita has called for the modernization and harmonization of regulatory frameworks across Africa as well as the collective effort of all stakeholders to ensure that the continent can deliver universal broadband coverage by 2030. “The regulatory frameworks for Africa’s telecommunications industry do not reflect our current advancement. They are still positioned for the era of voice,” said Mupita at the Africa Prosperity Dialogue held at Peduase in the Eastern Region of Ghana.

MTN Ghana has announced that data prices on its network will go up by an average of 15% due to increased operational costs, and customers will be updated on when the increases will happen.

etisalat by &e won the Top Employer Award for the fifth time in a row. It is the first international award launched by the global Top Employers Foundation, which aims to provide the best work environment for employees in various sectors.

MTN Nigeria Communications Plc has announced audited financial results for the fiscal year ended December 31, 2022. Mobile subscribers increased by 10.5% to 75.6 million, adding 7.2 million subscribers. Active data subscribers increased by 15.3% to 39.5 million. Active fintech subscribers rose by 57.5% to 14.9 million, with 2.0 million active mobile money (MoMo) wallets since the launch of PSB. Also, service revenue was up by 21.5% to N2.0 trillion.

2Africa, the world’s largest subsea cable, now reaches South Africa’s Eastern Cape, providing international connectivity for faster, more reliable internet services and local job creation. Most people are unaware that subsea cables carry the vast majority of the world’s intercontinental data, powering the internet. They are integral to countries’ abilities to modernize, digitize and grow their economies.