Telecom Egypt announces the conclusion of the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) from Orascom Investment Holding (OIH) through its subsidiary Egyptian International Submarine Cable Company (EISCC). As previously announced, the total enterprise value of MENA Cable is USD 90mn of which USD 40mn represents the equity value of MENA Cable and the remainder its outstanding debt. EFG Hermes acted as the brokerage company for executing the transaction on Telecom Egypt’s side.

Read more: Telecom Egypt announces acquisition of MENA Cable

Following the acquisition of Basefarm in August and increase of its cloud revenues by 18% in the 1st half of 2018, Orange Business Services is pressing ahead with its growth strategy for the cloud computing market. Its target is to become a global leader in multi-cloud services.

Read more: Orange Business Services aims to become global leader in multi-cloud services

Telecom Egypt announced that it has signed an agreement with Bharti Airtel to formalize its strategic partnership. The agreement grants Airtel IRUs (Indefeasible Right of Use) on Middle East North Africa Submarine Cable “MENA Cable” and TE North Cable Systems. Additionally, Airtel will take large capacities on a long-term basis on two new cable systems (SMW5 & AAE1).

Read more: Telecom Egypt formalizes global submarine cable systems deal with Bharti Airtel

Telkom Kenya rolled out 200 new 4G sites in Nairobi and its neighborhoods in order to satisfy customers’ growing demand for high-speed data, thus, raising the total number of 4G sites to 300 in the city. This addition is accompanied by larger network expansion and densification program in the country that aims to boost Telkom’s capacity in handling mobile data traffic.

Read more: Kenyan operator triples 4G sites to meet customers’ demands

Nigeria's decision to order South African telecoms giant MTN to repay billions of dollars that it had allegedly illegally repatriated over a period of eight years could sour investor sentiment towards the country as it still struggles to recover from a deep recession two years ago, analysts say.

Read more: Tough financial measures question MTN’s presence in Nigeria

Lesotho has started experiencing the very first superfast broadband network in Africa. In fact, according to Reuters, mobile operator Vodacom has launched its 5G across the country. With this mobile technology, consumers will be able to receive quality services very much similar to that offered by fiber optics.

Read more: First 5G launch in Africa announced

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