India's debt-laden telecoms giant Bharti Airtel hopes to raise $750 million when it lists its African unit on the London Stock Exchange, the company said.
Telecom Operators
MTN registers 10% increase in Q1 service revenues
MTN Group published its quarterly update for the period ended 31 March 2019, registering a 10% year-on-year increase supported by the continued expansion in voice, data and fintech revenue.
Vodafone Egypt partners with Nokia on faster LTE services
Nokia is deploying a cloud-based Subscriber Data Management (SDM) solution that will enable Vodafone Egypt to offer innovative services to its 4G customers.
Etisalat Misr makes huge investment for network upgrade
For the year 2019, the mobile operator Etisalat Misr announces an investment of more than 3 billion Egyptian pounds (167,272,358 US dollars) for the modernization of its telecom network, according to Hazem Metwally’s words, chairman and CEO of the telecom company.
$13 million to be spent over the acquisition of m-Pesa’s intellectual rights
According to Safaricom CEO Bob Collymore, the company along with its largest shareholder Vodacom are set to form a joint venture to buy rights to m-Pesa service from Vodafone Group in a deal worth $13 million.
Telecom Egypt reinforces partnership with PEACE Cable International Network
Telecom Egypt announced that it has signed a landing party agreement with Pakistan & East Africa Connecting Europe (PEACE) Cable International Network Co. and PCCW Global, the international operating division of HKT, Hong Kong’s premier telecom service provider. PEACE is a 12,000 km long cable system with landings in Pakistan, Djibouti, Egypt, Kenya and France that provides open, flexible and carrier-neutral services for its customers.
MTN pays off more than three-quarters of Nigeria fine
South African telecoms giant MTN has paid more than three-quarters of a record $1.5 billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said.
New Fintech alliance forged in Kenya to boost financial inclusion
Safaricom and Equity Bank have joined forces to boost financial inclusion in Kenya through more inclusive and simplified fund transfers between their agents. The partnership also aims to share a technical expertise to build a common approach to risks such as fraud and cybersecurity.
Telecom Egypt announces strong Q1 results
Telecom Egypt announced its Q1 2019 results ending 31 March 2019, registering a net profit of EGP 1.6bn. Consolidated revenue came in at EGP 6.1bn, recording +27% Year-on-Year. Retail revenue contributed 57% to the total Year-on-Year growth backed by the rise in data services revenue.
Maroc Telecom announces Q1 consolidated results
The Group's customer base reached nearly 62 million at the end of March 2019, up 4.8% year-on-year, driven by the 5.7% growth in the subsidiaries' mobile customer base and the 5.1% growth in the Fixed-line (+5.1%) and Mobile (+2.8%) customer base in Morocco.