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GTT to acquire European fiber network operator Interoute for $2.3 billion in cash
London-based Interoute operates one of Europe’s biggest fiber networks and associated cloud services, spanning more than 70,000 kilometers and 29 countries, according to a Bloomberg report last year that outlined the company’s plan to find a buyer.
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- Technology
- Region
- Europe & Eurasia
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Telco market debate could see Safaricom split into two
“As you are aware, the Communications Authority of Kenya, (CA) contracted MS Analysys Mason to carry out a competition study of the telecommunication sub-sector with a view to evaluate the competitive landscape of the market,” said the authority in a notice published in national newspapers on Friday.
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- Finance
- Region
- Sub-Saharan Africa
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Tanzanian Government Ponders Harmonization of Mobile Money Transactions
The government now wants all telecommunication companies to register their mobile money transactions with the National Switch as it seeks to rollout interoperability across all operators.
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- Finance
- Region
- Sub-Saharan Africa
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WhatsApp is hurting mobile revenue growth in Africa—and telcos want to fight back
Unlike in more advanced markets, phone operators in sub-Saharan Africa are still investing in adding voice users which along with SMS text messages drives the majority of revenue. The region is expected to add another 100 million subscribers in the next three years. This is all happening as smartphone penetration and mobile-data networks also grow—and with more users starting to use apps like WhatsApp, Messenger and Skype.
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- Finance
- Region
- Sub-Saharan Africa
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Kenya: Mobile money interoperability to launch in March 2018
Interoperability will also present consumers with choices of services and not being locked into one service or mobile network, given how costly it has been to transfer money between mobile money services.
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- Finance
- Region
- Sub-Saharan Africa
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Growing Success of Telkom and Equitel Could Shift Kenya Mobile Money Dominance Debate
As Kenya waits for the publication of the controversial report on market dominance by the Communications Authority of Kenya (CAK), latest data from the Telecoms regulator shows that rivals can eat into Safaricom’s market share. The total mobile subscriptions recorded by Telkom Kenya jumped by 18.5 per cent to stand at 3.4 million from 2.8 million reported in the previous period, according to the first quarter report covering July and September 2017.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Econet Wireless, Untu Capital partner to launch mobile money bond platform in Zimbabwe
Zimbabwe's Econet Wireless, touted by analysts as best placed to develop mobile money offerings alongside Safaricom, has opened a mobile money bond purchase platform in partnership with Untu Capital to raise US$1 million in support of local start-ups - specifically to address the low level of funding in this space.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN and Vanu partner to bring connectivity to rural Rwandans
MTN and Vanu have announced the integration of the two networks with an aim to extend MTN’s Network in rural areas which are currently unconnected in Rwanda.
- Categories
- Technology
- Region
- Sub-Saharan Africa