Telecom Egypt and Abu Dhabi Islamic Bank – E (ADIB - Egypt) announced the signing of a US$200 million short-term facility from the African Export-Import Bank (AFREXIMBANK) to finance working capital and investments in Telecom Egypt's infrastructure.
Vodafone is exploring investment opportunities in Egypt and looking to expand its business plans in the field of outsourcing, according to a statement released after a meeting between Egypt’s Minister of Communication and Information Technology, Yasser ElKady, and Vodafone Group Plc. Executive Director and Chief Financial Officer, Nick Read.
Ooredoo has today announced that the company is the first operator in the world to launch a live 5G network on the 3.5GHz spectrum band.
South Sudan-based mobile operator Vivacell, owned by Lebanon's Fattouch Investment Group, has had its license suspended effective March 20, 2018, in the African country, for failing to comply with regulations, according to the head of South Sudan's National Communications Authority.
China Telecom Global (CTG), a subsidiary of China Telecom Corporation Limited - one of the world's largest providers of integrated telecommunication services, and Liquid Telecom, a leading pan-African telecoms group, announced the signing of a historic strategic partnership whereby the two companies will collaborate to provide Africa and Asia with industry-leading network solutions and services.
Sparkle, the international service arm of Italy's TIM Group, and Positive Technologies, a global provider of enterprise security solutions, announced the launch of Signalling Protection Suite, a new and full suite of security services for signaling connectivity.
Egyptian telecommunications operator Orange Egypt has appointed Yasser Shaker as its new CEO. The decision was announced by the Board of Directors of the company following its monthly meeting. The incoming CEO will officially commence his roles and responsibilities with Orange Egypt as of May 1st.
The minister of communications of Ghana, Ursula Owusu Ekuful, announced the issuing of a second 4G spectrum license in the country, via auction, by June 2018 by the National Communications Authority. The first license was granted to MTN in December 2015 after paying 67.5 million dollars for a fifteen-year license in 800 MHz spectrum band.
Egyptian state-owned telecom company Telecom Egypt is looking to increase its share in Egypt’s mobile market to 15 percent by 2022, Bloomberg reported. The company said it would only consider selling its 45 percent stake in Vodafone’s Egypt unit if it is able to reach “critical mass” in the Egyptian mobile market.
MTN aims to relaunch its financial services in South Africa after abandoning this business in September 2016 because of the “lack of commercial viability”. MTN CEO Rob Shuter announced that the operator is developing new products such as loan offers, investments products and insurance in order to cater to its clients’ needs and expand its customers’ base in South Africa.
