Tag: Telecommunication

Telkom, the third largest mobile operator in South Africa, has announced the sale of its tower business, Swiftnet, to Towerco Bidco Proprietary Limited for $343 million. Swiftnet, which boasts a ...

Vodacom Group Ltd., the largest wireless company in Africa by market value, has announced plans to cut jobs in its biggest market, South Africa. The company expects to cut about ...

Actis, a private equity firm, is reportedly in discussions to acquire Swiftnet, the mast and tower business owned by South Africa's Telkom, along with a smaller local partner. BMA understands ...

Broadcast Media Africa has learnt that Vodafone has been selling off several of its operations recently, and Vodacom has become an attractive acquisition target for many global players. On March ...

Helios Towers, a telecom infrastructure business, has announced that it expects to reach the tipping point for free cash flow in the financial year (FY) 2024. Tom Greenwood, CEO of ...

Telecom Egypt, a renowned telecommunications company, has partnered with Huawei to introduce innovative technologies that enhance telecommunications infrastructure across Africa. These initiatives include the first-ever DWDM 1.2Tbps single-channel lab test ...

Zambia's mobile telecommunications subsector has experienced significant growth, expanding over 22% in the last year alone, with revenues reaching US$389.65 million. These figures were highlighted in the recently released 2023 ...

The Zambian government is taking significant steps towards achieving its goal of providing 96% broadband access to its citizens by the end of this year. In the northern province of ...

Sonatel Group, a leading telecommunications company in Senegal, Mali, Guinea, Guinea-Bissau, and Sierra Leone, has reported a consolidated net profit of US$548.8 million for FY 2023. This represents an increase ...

Seacom, a major telecommunications company, reported a service outage on its subsea cable system in the Red Sea region on February 24th, 2024. The segment of cable running from Mombasa, ...