Improving African telecoms outlook opens door to towerco expansion
Rampant investor activity in Africa’s telecoms sector is pushing Helios Towers to hunt for more opportunities to diversify geographically, after ...
Tag: MTN
African Rainbow Capital takes a 20% position in South African operator Rain
African Rainbow Capital, a South African investment firm created by billionaire Patrice Motsepe, has taken a 20% equity position in ...
Xavier Niel group swoops in for Tigo Senegal as sale to local firm Wari is scrapped
A consortium including serial telecoms investor Xavier Niel has snatched Millicom’s Senegalese mobile operator from local financial services firm Wari, which had agreed ...
MTN to enter convergence arena as it eyes Multichoice Africa
South Africa’s MTN is reportedly mulling a potential acquisition of South African satellite TV provider Multichoice Africa from local media company Naspers. The two companies have ...
Smile hires telecoms veteran Ahmad Farroukh to head operations with board seat | Executive Moves
Pan-African telco Smile Telecoms Holdings has installed Ahmad Farroukh on its board as executive director of operations with immediate effect. The ten-year-old telco, based in ...
MTN to invest nearly US$290m in Iranian Net following capital repatriation issues
South Africa’s MTN has entered into a non-binding preliminary agreement to acquire a 49% stake in fixed broadband provider Iranian Net for R540m (US$40m). MTN, ...
Millicom to sell and lease back 1,400 towers to American Tower in Paraguay for US$125m
Emerging markets-focused Millicom will divest an estimated 1,400 towers from its Telefonica Celular del Paraguay subsidiary to American Tower for PG700bn (US$125.3m) in cash. The two companies ...
MTN to gain US$500m from a 35% float of Ghanaian unit
South African telecoms giant MTN is aiming to raise US$500m as it prepares to float its Ghanaian unit on the Ghana ...
Godfrey Motsa replaces Mteto Nyati at MTN South Africa after fallout from fine
MTN Group has promoted Godfrey Motsa (pictured) to CEO of MTN South Africa following Mteto Nyati’s decision to leave the company for electronics giant Altron. Motsa, who has more than ...
Nigeria braces for new telecoms disgrace as banks target a takeover of Etisalat’s local unit
A consortium of three local banks are reportedly set to takeover Etisalat’s Nigerian unit as the African telco struggles to meet its debt obligations. ...
