In The Spotlight
West Indian Ocean Cable Company (WIOCC), the leading player in the deployment of carrier-scale, future-proofed network infrastructure in Africa, extends affordable connectivity with 30 points of presence (PoPs) along the country’s southern coastline.
Airtel Africa maintained a strong and growing profit, as the revenue grew by 14.2% to $3,908m, with Q4'21 reported revenue growth of 15.4%. In addition, Constant currency underlying revenue growth was 19.4%, with Q4'21 growth of 21.7%. Growth was recorded across all regions: Nigeria up 21.9%, East Africa up 23.5% and Francophone Africa up 10%; and across key services, with revenues for voice up 11.0%, data up 31.2% and mobile money up 35.5%. EBITDA earnings was $1,792m, up 18.3% in reported currency, and growing 25.2% in constant currency. As for their margin profits, it was 46.1%, adding 181 basis points (210 basis points higher in constant currency). Underlying EBITDA margin for Q4'21 was 47.7%, an increase of 389 basis points in constant currency.
Ericsson has reached an agreement with Nokia for settling a damages claim of 80 million euros ($97 million). The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson’s violations of the U.S. Foreign Corrupt Practices Act (FCPA).
As communicated in 2019, the resolution with DOJ related to criminal charges of books and records and internal controls violations of the FCPA in five countries including in Djibouti and a guilty plea to one instance of bribery in Djibouti. The resolution with the SEC related to allegations of violations of the books and records and internal controls provision of the FCPA in six countries and of the bribery provision of the FCPA in three of these six countries.
The agreement with Nokia contemplates the payment by Ericsson of a total settlement amount of EUR 80 m (SEK 0.8 b equivalent). Ericsson stated that the amount reflects uncertainty, risk, expense, and potential distraction from business focus associated with a potentially lengthy and complex litigation.
According to the Swedish vendor, the settlement will have an impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021. The remainder of the settlement amount will be made in similar installments in 2022 and 2023 respectively, impacting cash-flow. The settlement amount will be recorded as Other Operating Expenses under Segment Emerging Business and Other.
Orange is accelerating its solar projects in the Middle East and Africa (MEA) to reduce its carbon footprint to zero by 2040.
Ethiopia is one of Africa’s thriving markets with a solid digital strategy that will place the country in a strategic position. H.E. Abiy Ahmed, Prime Minister of Ethiopia, has a clear vision that puts ICTs and telecommunications at the heart of economic growth and prosperity objectives.
GSMA recently published its State of the Industry Report on Mobile Money which highlights the latest insights on the state of the mobile industry worldwide. In an exclusive interview with Telecom Review Africa, Akinwale Goodluck, head of Sub-Saharan Africa, GSMA delved into the details of the report with a focus on Africa.
During the MWC Shanghai Exhibition, ZTE and GlobalData officially released the white paper “Precision 5G Transport-The Foundation of Future Mobile Network”. As 5G networks develop, it becomes obvious that the quantum leap in capabilities of radio network also brings significant shift in system-wide architectural requirements. In this context, transport network, connecting 5G radio to the core of the network, needs to evolve in several directions: provide significantly higher capacity and scalability, support varied deployment models, have sophisticated slicing capabilities, in addition to precise, varied, and robust timing and synchronization, and low and controllable latency characteristics, to the point of determinism.