Openserve, a South African wholesale network infrastructure provider officially split from its parent Telkom Group on Wednesday, according to an announcement from Telkom. As part of its Q1 SENS announcement, …
Telecommunications
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AfricaBusinessMobile Telecommunications Network (MTN)NigeriaTelecommunicationsWestern Africa
MTN Plans N113.9bn Interim Dividend For Shareholders
MTN Nigeria Communications (MTNN) Plc, in line with its dividend policy, approved an interim dividend of N113.98 billion, representing N5.60 per share to be paid out of distributable net income. …
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AfricaBusinessGlobal NewsNewsTechnologyTelecommunicationsWestern Africa
Telecel Group to take over Vodafone shares in Ghana
Vodafone, British telecom group has announced plan to sell its 70% stake in Vodafone Ghana to Telecel Group. The transaction, which is still subject to “certain conditions”, will allow the …
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BusinessSouthern AfricaTechnologyTelecommunications
Telkom under pressure as share prices falls by 3%
Telkom is facing pressure on its profit margins as share price falls by more than 3% on Tuesday morning after the company reported a revenue decline. In a trading statement, …
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The Federal Government of Nigeria has banned the importation of subscriber identity module (SIM) cards. Minister of Communications and Digital Economy, Isa Pantami made the announcement on Monday, August 01, 2022, in …
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BusinessEastern AfricaEconomyTelecommunications
First Celo Africa Web3 Fund Workshop kicks off in Nairobi
Celo, the global payments infrastructure that makes financial tools accessible to anyone with a mobile phone, kicked off its inaugural Africa Web3 Fund workshop in Nairobi on Tuesday, 25th July …
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Vodafone has agreed to sell its operations (majority stake) in Ghana to Africa-focused Telecel Group. Telecel plans to help fund the acquisition by later offloading the Ghana business’s mobile towers. …
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AfricaBusinessFinance & ServicesMobile Telecommunications Network (MTN)NigeriaTelecommunicationsWestern Africa
MoMo wallets records N2.4 active wallet, in less than two months
MoMo, MTN’s Payment Service Bank, has recorded 4.2 million wallets with 2.4 million being actively used in less than two months of its launch. The company disclosed this in its financial result …
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Elon Musk keeps selling Tesla shares even without Twitter deal
Investors expect Elon Musk to sell more shares of his electric carmaker Tesla Inc. by the end of 2022, according to the latest MLIV Pulse survey. About 75% of 1,562 …
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AfricaBusinessNewsNigeriaTelecommunicationsWestern Africa
5G: MTN, Huawei Install 100 5G sites ahead of launch in Nigeria
MTN Nigeria and Huawei Nigeria Technologies Company Ltd., have installed over 100 fifth generation (5G) mobile technology cell sites in the country ahead of the commercial launch of the service. …