Orange interested in Egypt 4G licence as regulator sets new terms
Orange’s Egyptian unit has reportedly restarted talks to buy a licence to operate 4G services in the country for US$484m. The ...
Tag: Africa
NCC clears transfer of Visafone to MTN Nigeria but not spectrum licence
The Nigerian Communications Commission (NCC) has given the green light for the transfer of Nigerian CDMA operator Visafone to MTN’s Nigerian unit, but ...
MTN raises US$1bn from dual-tranche bond offering for capex
South African telecoms giant MTN has raised US$1bn through the pricing of a dual tranche of US$500m five-year and US$500m 10-year notes. Proceeds ...
Simon Harvey to lead Fibreco
South Africa’s Fibreco Telecommunications has named Simon Harvey as its interim CEO, replacing Arif Hussein, who headed the company for ...
MTN seeks US$1bn from dual-tranche bond offering
South African telecoms giant MTN reportedly aims to raise more than US$1bn from the sale of two bonds in its first ...
Blue Label to spend R5.5bn on 45% stake in debt-burdened Cell C
South Africa’s Blue Label Telecoms will buy a 45% stake in local mobile operator Cell C for R5.5bn (US$400m) and help reduce its debt ...
OTMT contends dispute with financial regulator is harming business
Egyptian TMT tycoon Naguib Sawiris’ Orascom Telecom Media and Technology (OTMT) has said a dispute with the Egyptian Financial Supervisory Authority ...
Closed Deals Q3 2016
TelecomFinance compiles closed M&A and financing transactions for each quarter. The Q3 2016 table ran in TelecomFinance Issue 249. TelecomFinance ...
GSMA urges Egypt to consult with local telcos on 4G licences
The GSMA has called for renewed talks between the Egyptian government and local mobile sector after the country’s recent 4G ...
IMF will only bail out Zambia if it sells Zamtel
The International Monetary Fund (IMF) is reportedly willing to lend the Zambian government US$1.2bn if it sells loss-making operator Zambia Telecommunications Company (Zamtel). A local report cited ...
