28 C
Lagos, South Africa and New York
Wednesday, June 3, 2020

Airtel Africa appoints global banks for IPO

Airtel Africa, a unit of Indian telecom operator Bharti Airtel Ltd, said on Monday it had appointed eight banks for an intended initial public offering (IPO) on an international stock exchange. The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited,...

MTN says accusations of illegally moving money out of Nigeria have no basis

JOHANNESBURG, March 2 (Reuters) - South Africa's MTN chairman said on Thursday that accusations that Africa's biggest mobile operator had moved funds illegally out of Nigeria had no basis. MTN is facing an investigation by Nigerian lawmakers for allegedly illegally repatriating $14 billion between 2006...

MTN’s Ghana unit up 4 pct on stock market debut -traders

ACCRA - The price of shares in MTN’s Ghana unit rose 4 percent to 0.78 cedis on its stock market debut on the Ghana bourse on Wednesday, traders and exchange managers said. The Ghana unit of Africa’s largest mobile telecoms group began trading...

Telecoms group Orange completes sale of Orange Niger arm to Zamani

PARIS, Nov 22 - Orange, France’s biggest telecoms company, said it had completed the sale of its Orange Niger division to the Zamani Com SAS company, for an undisclosed value. Orange’s operations in Niger have been hit by difficult market conditions and tax disputes...

P3 Rates 9mobile First in Voice Clarity and Overall Best Quality

Lagos, Nigeria – March 27, 2018: Nigeria’s innovative and customer-friendly telecommunication network, 9mobile has won yet another global recognition emerging the mobile operator with the clearest voice quality ahead of other Mobile Network Operators operating in the country. The rating was contained in the...

Surge in M&A and investment predicted in African mobile and broadband as telcos seek scale

African mobile telecoms operators, infrastructure owners and service providers are ramping up investment and targeting acquisitions across the region LONDON, United Kingdom, May 8, 2017/ -- African mobile telecoms operators, infrastructure owners and service providers are ramping up investment and targeting acquisitions across the region...

MTN Nigeria names Mazen Mroue as new COO

MTN Nigeria says its new Chief Operating Officer, Mazen Mroue, will provide leadership and direction to the commercial and technical functions of the company. Mroue, whose appointment took effect on Monday, August 6, 2018, has over 22 years’ experience in the telecoms as well as...

Nigeria’s Telecom Active Voice Subscribers Grew By 2.96% QoQ in Q3 2019

Telecoms data for Q3 2019 reflected that a total of 179,176,930 subscribers were active on voice as against 174,024,116 in Q2 2019 and 162,032,481 in Q3 2018. This represented 2.96% increase in voice subscriptions Quarter on Quarter and 10.58% Year on Year. Similarly, a...

Subscribers call for prosecution of MTN over data ‘theft’

Wednesday, March 27,2019 Telecom hundred of subscribers of airtime and data with the Mobile Telecommunications Network (MTN) have called on the Nigeria Communications Commission (NCC), the Economic and Financial Crimes Commission (EFCC) and other regulatory agencies in Nigeria to probe what they described as ‘illicit activities...

MainOne, Minkels announce expansion of West Africa’s largest Tier III+ Data centre company

Leading connectivity and data centre solutions provider, MainOne, and data centre supplier Minkels have announced the completion of the second phase of upgrade to West Africa’s largest Tier III+ Data centre company (MDXi).  The recent upgrade further enhances the capacity of Mainone to deliver...