The Public Investment Corporation (PIC) has sold 26% of its stake in Telkom, reducing its shareholding to below 10% for the first time in years. As of August 23, 2024, Telkom announced that the PIC now holds a 9.949% interest, down from 13.4% in March 2024.
Telecom Operators
Ethio Telecom Expands Rural Connectivity to 900,000+ Residents
Ethio Telecom has officially launched its 100 rural mobile solutions, bringing telecom services to 903,000 previously unserved residents across 305 rural kebeles.
Telecom Namibia Unveils 5G Launch Plans and Expands Network Infrastructure
Telecom Namibia has announced plans to launch commercial 5G services by 2026, with the goal of delivering faster speeds, lower latency, and enhanced network capacity. This strategic initiative will initially focus on selected regions, representing a major step forward in boosting connectivity throughout the country.
Telkom SA Reports Strong Q1 Results Fueled by Subscriber Growth and NGN Demand
Telkom SA SOC Limited is pleased to announce strong quarterly results for the three months ended 30 June 2024, driven by solid subscriber growth and uptake of next-generation network (NGN) offerings.
Safaricom’s M-PESA Re-Certified for Excellence in Mobile Financial Services
Safaricom’s M-PESA has once again been re-certified by the GSM Association, reaffirming its commitment to delivering secure, transparent, and reliable financial services. Originally accredited in 2018 as one of the pioneering mobile money operators, M-PESA has consistently upheld this certification.
Kenya Airways and Safaricom Partner to Revolutionize Connectivity
Kenya Airways has entered a strategic partnership with Safaricom to drive innovations aimed at improving the airline's operational efficiency, bolstering cybersecurity, and enhancing the customer experience.
Ethio Telecom Expands Rural Reach, Safaricom Grows Subscriber Base
Ethiopia's two dominant mobile operators have both made headlines with positive developments.
Telecom Namibia Celebrates Milestone with Launch of Equiano Cable
Namibia is celebrating the launch of the Equiano undersea cable, which positions the Southern African nation to become a regional hub for information and communication technology (ICT).
Vodacom Pledges ZAR800 Million to Boost KwaZulu-Natal Connectivity
Vodacom has announced a substantial investment of ZAR800 million (US$44.4 million) for this financial year to upgrade its network and extend connectivity to remote areas within KwaZulu-Natal, South Africa.
Ethio Telecom Has Announced a 22% Increase in Revenue and a 21% Growth in Profit
Ethio Telecom, Ethiopia's state-owned telecommunications company, has announced impressive financial results for the fiscal year ending in June, showcasing significant growth. According to CEO Frehiwot Tamiru, the company reported a 22% increase in revenue, reaching 93.7 billion birr ($1.63 billion), and a 21% rise in net profit, totaling 21.79 billion birr.