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Ethiopia Opens Up Telecoms, Airline To Private, Foreign Investors

Ethiopia Opens Up Telecoms, Airline To Private, Foreign Investors

Ethiopia said on Tuesday it would open its state-run telecoms monopoly and state-owned Ethiopian Airlines to private domestic and foreign investment, a major policy shift that will loosen the state’s grip on the economy. The East African nation of 100 million people has one of the most closed and controlled economies in Africa. The ruling […]

In Africa, Costly Data Slows Internet TV’s Growth: Naspers’ Showmax

In Africa, Costly Data Slows Internet TV’s Growth: Naspers’ Showmax

Global entertainment group Naspers is trying to persuade telecoms operators in Africa to offer customers unlimited data to help boost the growth of internet television on the continent. The high cost of data in Africa has hampered the take up of internet TV, even though the number of internet users in the region has grown […]

Telecoms Regulator Approves Etisalat Nigeria Name C0hange

Telecoms Regulator Approves Etisalat Nigeria Name C0hange

Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, the company said. The Nigerian Communications Commission (NCC) has been notified of the new name, 9mobile, the company said, adding that Etisalat Nigeria had started the […]

Turkey’s Turkcell Says $4.2 bln Suit Against S.Africa’s MTN To Go To Trial

Turkey’s Turkcell Says $4.2 bln Suit Against S.Africa’s MTN To Go To Trial

Turkish mobile operator Turkcell said on Thursday a $4.2 billion lawsuit against South Africa’s MTN over a disputed Iran licence would be heard in a South African court after years of delays. Turkcell first sued Johannesburg-based MTN in a U.S. court in 2012, alleging the South African mobile company used bribery and wrongful influence to […]

Abu Dhabi’s Etisalat Could Sell Nigerian Unit Stake After Debt Deal – Sources

Abu Dhabi’s Etisalat Could Sell Nigerian Unit Stake After Debt Deal – Sources

Abu Dhabi-listed Etisalat is considering a sale of its stake in Etisalat Nigeria after the local unit defaulted on a $1.2 billion loan payment but wants the unit’s debt restructured before it starts the sale process, two sources told Reuters. Etisalat is due to meet with local lenders in Nigeria on Tuesday or Wednesday to […]

Nigeria Fine to push South Africa’s MTN To 2016 Loss, Shares Fall

Nigeria Fine to push South Africa’s MTN To 2016 Loss, Shares Fall

South African mobile phone operator MTN Group expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low. MTN agreed in June to pay Nigeria a 330 billion naira ($1.05 billion at the time) […]

South Africa’s MTN offers $1.5 bln to settle Nigeria fine

South Africa’s MTN offers $1.5 bln to settle Nigeria fine

South African telecoms firm MTN Group has offered $1.5 billion to settle a much larger fine from Nigerian regulators for missing a deadline to disconnect unregistered SIM card users, a document seen by Reuters shows. Africa’s biggest mobile phone group has been in talks with Nigerian authorities to have the $3.9 billion penalty reduced and […]