In a significant move within the telecom industry, Vodacom Tanzania has announced the acquisition of Smile Communications Tanzania Limited, further solidifying its position in the market. The deal, valued at TZS 68.8 billion (£22 million/€25 million), marks a strategic investment by Vodacom to enhance its service offerings and expand its reach across Tanzania.
Telecom Egypt (TE) has teamed up with Tejas Networks, the Information Technology Industry Development Agency (ITIDA), and the National Telecom Institute (NTI) to replicate successful projects like Bharatnet and NKN in Egypt.
Africa stands at a pivotal moment as the uptake of connectivity services skyrockets, driven by its vast and youthful population. The continent's six major operator groups—Airtel Africa, Axian Telecom, Ethio Telecom, MTN, Orange, and Vodacom—are leading the charge, joining forces to forge closer collaborations with governments.
Telkom South Africa has recently concluded the sale of its subsidiary, Swiftnet, which specializes in mast and tower infrastructure, to a consortium of investors for a significant sum of $357 million. This landmark deal, unveiled in March, sees the emergence of Towerco Bidco as the new entity, with Actis securing a commanding 70% stake and Royal Bafokeng Holdings taking up the remaining 30%.
Thuraya Telecommunications Company, the mobile satellite communication arm of Al Yah Satellite Communications Company PJSC, announced the expansion of its cooperation with Algérie Télécom Satellite, the authorized partner for Thuraya services in the People's Democratic Republic of Algeria.
MTN Group announced the appointment of Ali Monzer as Chief Executive Officer of MTN South Sudan, effective 1 April 2024. Ali succeeds Gordian Kyomukama, who will retire after a distinguished career with MTN.
Vodacom Mozambique is reportedly investing US$25 million into the establishment of a new data center within the country. As per reports from the Data Centre Dynamics website, citing local news sources, the data center will be situated in Matola, near the capital city of Maputo. Matola, known for its port and as home to the largest industrial area in Mozambique, offers a strategic location for the installation, providing direct access to the 2Africa subsea cable, which is hosted in Vodacom Mozambique’s equipment room in Matola.
During the fiscal year 2023, telecom operator Zain Sudan generated a revenue of $558 million, according to the latest annual results from Zain Group. This marks a significant 14% increase compared to the company's 2022 revenues.
A strategic alliance has been formed among Coronation Group, Access Holdings Plc, Safaricom Plc, and M-PESA Africa, with the aim of expanding remittance access across Africa to enhance financial inclusion continent-wide. The parties are focused on devising solutions to establish a remittance corridor linking East and West Africa, connecting some of Africa's largest economies.
In an exciting development, Etisalat Egypt has teamed up with Viu, a prominent streaming platform, to deliver an unparalleled entertainment experience to its customers in Egypt. This exclusive collaboration is set to elevate the entertainment landscape, offering a diverse array of content in Arabic, English, Turkish, and Korean.
