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.
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.
Consolidated revenue surged by 28% year-over-year, hitting EGP 56.7 billion. This growth was led by a substantial 18% year-over-year growth in data, with infrastructure, IDD, and cable projects also contributing significantly with growth rates of 27%, 76%, and 64%, respectively. The customer base for fixed voice and broadband expanded by 8% and 9% year-over-year, respectively, while the mobile customer base remained stable. EBITDA saw a remarkable 30% year-over-year increase, achieving a robust 40% margin at EGP 22.7 billion, slightly surpassing management's expectations.
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%.
Etisalat by e& - Egypt announced a collaboration with AWS during the Mobile World Congress 2024 in Barcelona, Spain. The partnership aligns with Etisalat Egypt’s strategy to offer cloud services using cutting-edge technologies, aiming to enhance data transfer speeds, storage capacity, and operational efficiency for businesses and individuals across various sectors.
