Safaricom is currently looking to partner with software engineering firms to build more in-house mobile phone applications. This step will enable the company to generate new revenue streams as its voice business matures.
Telecom Operators
MTN Nigeria shows strong revenue growth for FY 2020
MTN Nigeria recently announced off-center full-year turnover in the financial year of 2020, the highest ever recorded by a Nigerian listed entity.
Vodafone’s towers business seeks $17.4 bn in IPO
Vodafone Group said it lifted the price range for the upcoming flotation of its Vantage Towers business on the Frankfurt Stock Exchange, valuing the unit at up to 14.7 billion euros ($17.4 billion).
Vodacom DRC and Mondia launch first-of-its-kind maternal health service in Congo
Leading pan-African communications company Vodacom DRC, and Mondia, a private mobile technology company driven by innovation, are proud to announce the rollout of the Mum & Baby maternal health service across the Democratic Republic of the Congo (DRC).
Orange Egypt join hands with Tabarak Development for advanced smart city services
Orange Egypt, the leading provider of integrated telecommunications services, brings Triple Play services and Fiber to the Home (FTTH) technology within 90 Avenue, a luxurious real estate project handled by Tabarak Development, the leading real estate developer in Egypt.
MTN Group in discussion for $65mn deal for Syrian business
South African MTN Group said in a statement that it is still on its word to continue negotiating a $65 million sale of its 75% stake in its Syrian unit despite the business, MTN Syria, being placed under judicial guardianship over alleged MTN violations of the terms of its licensing contract, which the state says deprived the government of revenue.
Telecom Egypt plans launching HARP, a new subsea system circling the African continent
Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cable operators in the region, announces its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp. It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure. Through HARP, Telecom Egypt will offer a wide range of capacity solutions, up to dark fiber, based on a layer two and layer three architecture that can connect multiple points on the system to one another.
MTN Group in discussion for $65mn deal for Syrian business
South African MTN Group said in a statement that it is still on its word to continue negotiating a $65 million sale of its 75% stake in its Syrian unit despite the business, MTN Syria, being placed under judicial guardianship over alleged MTN violations of the terms of its licensing contract, which the state says deprived the government of revenue.
STL announces deals worth $100 million with telcos in MEA
Telecom equipment maker, Sterlite Technologies Ltd (STL), announced major new deals and extensions to current engagement with leading telcos in the Middle East and Africa region (MEA), worth $100 million
Telecom Egypt announces highest FY 2020 revenue and growth in the Egyptian telecom market
Telecom Egypt highlighted its 2020 full-year results with net profit recording EGP 4.9bn, marking a growth of 10% YoY.