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Safaricom CEO Defends Company’s Dominance As He Returns To Work

Safaricom CEO Defends Company’s Dominance As He Returns To Work

Kenya’s dominant telecoms operator Safaricom does not hinder competition, its chief executive Bob Collymore told lawmakers on Monday as he returned to work after a nine-month absence for medical treatment. The country’s industry regulator recommended in a draft proposal in May that Safaricom, which controls 67 percent of Kenya’s mobile market, should offer rivals access […]

MTN to Plan $500 Million Nigeria Share Sale in 2018

MTN to Plan $500 Million Nigeria Share Sale in 2018

MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Ltd. and Citigroup […]

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 […]

The Video Selfie Has Arrived And It’s Disrupting Communication

The Video Selfie Has Arrived And It’s Disrupting Communication

Personalization is not a trend. It’s a consumer expectation that’s here to stay. Consumers can get their sneakers, car wraps, nail wraps and eating plans tailored to their preferences, tastes and even their biometrics. And yet the content they consume has been uniformly and routinely served up. Until recently, the most customized content we could […]

Vodafone’s South African arm Vodacom takes over $2.6 bln stake in Kenya’s Safaricom

Vodafone’s South African arm Vodacom takes over $2.6 bln stake in Kenya’s Safaricom

UK-based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya’s Safaricom to majority-owned South African subsidiary Vodacom. The 34.6 billion-rand ($2.6 billion) deal, structured as an acquisition of the stake by Vodacom in return for new shares, is the latest move […]

Nigeria’s Telecoms Regulator Sees Deal In Etisalat Debt Talks

Nigeria’s Telecoms Regulator Sees Deal In Etisalat Debt Talks

Nigeria’s financial and telecoms regulator said it agreed on Friday with local banks to end the prospect of receivership for mobile operator Etisalat Nigeria, which has missed a payment on a $1.2 billion loan. A banking source told Reuters on Wednesday that the Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat had given notice to […]