Cell C rejects Telkom offer and goes forward with recapitalisation plans
South African mobile operator Cell C has declined rival Telkom’s takeover bid as the troubled company grapples with capital restructuring after defaulting on ...
Tag: MTN
Telkom mulls US$1bn Cell C bid to become a strong opponent to Vodacom and MTN
South African incumbent Telkom is reportedly contemplating a US$1bn bid for rival Cell C in an attempt to help the operator recapitalise after defaulting ...
Millicom to sell Tigo Senegal to Wari following a surge of African M&A rumours
Emerging markets-focused Millicom has become the first telecoms group to dispose of an asset in Africa this year after agreeing to sell Tigo ...
Vodacom considers US$1.1bn stake sale to black investors to comply with equality ownership rules
Vodafone’s Vodacom is reportedly contemplating the sale of a R15bn (US$1.12bn) stake in what could become South Africa’s largest deal ever addressed to black ...
Nigeria should not scare MTN away – minister
Nigeria’s communications minister Adebayo Shittu (pictured) has said that the country should not drive MTN out of the country following lawmakers’ allegations of ...
MTN shelves Nigerian unit IPO until regulatory issues are resolved
South Africa’s MTN has halted preparations for the listing of MTN Nigeria as it waits for legal disputes to be resolved and a better ...
Executive Moves Round-up Issue 251
A collection of the latest executive appointments, promotions, and moves in the global telecoms space. This collection ran in TelecomFinance ...
Myanmar awards 4th telecoms licence to shake up recently liberalised market
Vietnam’s largest mobile operator Viettel and two Burmese companies have been awarded Myanmar’s fourth and final telecoms licence to increase competition in ...
MTN source denies report that it is considering exiting Nigeria
A source close to South Africa’s MTN has dismissed a report that claimed it is considering exiting Nigeria after multiple ...
Saudi Telecom buys 10% of ride-hailing startup Careem to diversify portfolio
Incumbent telco Saudi Telecom is investing US$100m for 10% of Careem, Uber’s main competitor in the Middle East, to diversify its portfolio of services. ...
