South African multinational mobile telecommunications company, MTN announced that the Group has concluded an agreement to sell, and thereby fully exit, its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Proximus NV/SA.
Telecom Operators
Liquid Telecom rebranding to Liquid Intelligent Technologies by end of 2021
Telecom operator Liquid Telecom South Africa has successfully completed the restructuring plan it began last year. Under this plan, the company has improved its skills and its team will be rebranding by the end of the year to clearly reflect its new ambitions.
South Africa’s MTN records high earnings after tower sales
According to MTN Group, South Africa’s largest mobile operator by subscribers, it is expecting its annual profit to rise by up to 70%, after the sale of Uganda and Ghana tower joint ventures.
Orange Business Services Flexible SD-WAN to support health industry
Getinge, a leading global supplier of medical technology products and systems, chose Orange Business Services to deploy a software-defined wide area network (SD-WAN). The solution has supported the Sweden-based multinational’s network performance, while increasing security and supporting its cloud-first strategy.
Airtel Africa revenue to record a strong growth
Bharti Airtel’s Africa operations reported underlying revenue grew 13.8% to $2,870 million is the March-December period according to the company’s financial results.
MTN drives COVID-19 vaccinations with significant contribution
In a unique public-private partnership, MTN, Africa’s leading mobile network, has announced a donation of US$25 million to support the African Union’s COVID-19 vaccination programme.
MTN Group to sue the ICASA for 5G exclusion
MTN has significant 5G plans in South Africa. Back in 2019, MTN, the biggest in Nigeria’s telecom market, conducted 5G trials in the cities of Abuja, Lagos, and Calabar, but all that could hit the rocks.
MTN Group proud to partner with secure and private African messaging app
As people everywhere ramp up their usage of instant messaging, more and more are choosing ayoba. MTN Group is proud to partner with this unique instant messaging platform localised for the needs of consumers across Africa.
Ethio Telecom gets expert advice on share sale
The monopoly in the Ethiopian telecom market is soon to end as two new operators will be licensed in March. For that, Ethio Telecom hired KPMG to determine its economic value in advance of a part-privatization.
Tata Communications shares its Q3 results
Tata Communications announced its financial results for the quarter ended December 31st, 2020. On a YoY basis, its consolidated profit after tax (PAT) rose 425 percent to Rs 309.41 crore for the third quarter ended December 31, 2020, compared to Rs 58.85 crore in the same period last year. The surge in profit was attributed to cost efficiencies and improved business processes as well as higher deferred tax credits during the quarter under review.