IFC, a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has announced that it has invested in a maiden bond issuance by pan-African telecommunications services provider Axian Telecom.
Saudi Arabian efforts to cut back on the kingdom's reliance on oil are continuing. The latest initiative involves $6.4 billion of investments in future technology.
The results of the Series 1 Offer for the sale of MTN Nigeria ordinary shares have come in – and by all accounts they seem to be very positive.
India's No. 2 mobile-phone operator Bharti Airtel announced that it will receive a US$ 1 billion investment from Google as part of its Google for India Digitization Fund.
IHS Towers, which describes itself as one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world by tower count, just got even bigger after a major acquisition in Brazil.
The wait may be over for Lebanon’s M1 Group, which had offered at least six months ago to buy Telenor’s Myanmar unit but had been forced to hang on while the government searched for a local buyer.
South African giant Vodacom Group’s bid for a controlling stake in Vodafone Egypt is set to proceed after the operator received shareholder backing.
Telenor’s planned sale of its 51 percent stake in Myanmar's Wave Money, a digital payment service provider, for $53 million to a subsidiary of Yoma Strategic, mentioned in these pages in early January, is finally going through.
Telefonica Colombia, the largest telecommunications company in Colombia, has closed the sale of its fibre to the home (FTTH) assets in the country to American venture capital giant KKR for a total of around EUR 175 million after receiving the corresponding regulatory clearance.
Investment firm Kismet Capital Group, through its joint venture with telecoms company Megafon, can apparently now boast the largest tower asset portfolio in Russia after a major acquisition involving a Russian infrastructure company.
Multinational operator Airtel Africa has confirmed what is referred to as the first closing of the transaction to sell its telecoms tower assets in Tanzania for some $176.1 million.
It may come as little surprise to most observers that, having tried to offload its Myanmar mobile communications business, Telenor now aims to sell its 51 percent stake in Wave Money, one of Myanmar’s biggest mobile payment services.
Bharat FIH, formerly Rising Stars Mobile India, a subsidiary of FIH Mobiles, a Foxconn Technology Group Company, has filed for an initial public offering of up to INR 50.04 billion ($662.97 million).
China Mobile, the world's largest mobile network operator, aims to raise as much as 56 billion yuan (GBP6.7bn, USD $8.8 billion) when it lists its shares in Shanghai following the country's biggest public offering in a decade.
Telekom Srbija is to receive a €70 million ($79.4 million) loan from the EU’s European Investment Bank (EIB) for the rollout of a 5G telecommunications network and the extension of the existing 4G network across the Republic of Serbia.
China's largest wireless carrier by revenue, China Mobile Communications Group Co., Ltd has received the green light from Beijing regulators for what is shaping up to be the largest IPO in Shanghai in more than a decade.
Hungarian IT service management company 4iG said it has signed a final contract to buy an 80.27% stake in Albanian telecommunications operator Albtelecom from Cetel Telecom, a majority-owned subsidiary of Turkey’s diversified holding company Calik Holding.
Saudi Arabia's sovereign wealth fund (SWF) Public Investment Fund (PIF) is selling a 5.01% stake in Saudi Telecom Co (STC) through a secondary share offering to raise as much as $3.1 billion.
The World Bank Group has approved US$100 million in financing under the International Development Association’s (IDA) Scale-Up Window to help the Government of Rwanda increase access to broadband and selected digital public services, and strengthen the digital innovation ecosystem in Rwanda.
Is the high-altitude platform station (HAPS) concept still viable despite the failure of Loon? Possibly. World Mobile, a blockchain-based mobile connectivity company targeting unconnected regions, has announced plans for the launching of a hybrid mobile network in Zanzibar that uses balloons. It's not exactly HAPS, however; the airborne component will involve low-altitude platform balloons.
Leading Asian regional integrated telecommunications infrastructure services company edotco Group has announced a major acquisition that, it says, strengthens its aspiration to be a top five towerco in the world and cements its home market leadership position as the largest independent tower company in Malaysia, where it is headquartered.
MTN Benin confirmed that it will have invested XOF10 billion (US$17.2 million) into the market this year by the end of December.
What does the purchase earlier this month of nearly 96 percent of Mexican facilities-based telecommunications provider Maxcom Telecomunicaciones by US-headquartered digital infrastructure service provider Transtelco mean for the Mexican fibre market?
Global rating agency Fitch Ratings has affirmed Bharti Airtel's long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'.
Mauritius-based West Indian Ocean Cable Company (WIOCC), has announced a $200 million debt and equity capital raise which the company says will be used to expand its connectivity within Africa and internationally.
Vodacom Group is investing a further R500 million (US$31.6 million) on batteries to power its infrastructure in the face of continued power outages across South Africa.
Finnish telecom equipment supplier Nokia is upping investments in its technology lab in the Mexican city Guadalajara.
The government of India has listed for sale real estate assets of state-run telecom firms Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL) at a reserve price pegged at INR 1,100 crore (GBP 110 million), according to documents uploaded on the Department of Investment and Public Asset Management (DIPAM) website.
Following a flurry of investment activity recently, operator Vodacom is apparently now considering a separate listing of its South African financial services unit.
In a deal that gives shared telecommunications infrastructure specialist IHS Towers a big foothold in South Africa and operator MTN a massive boost to its balance sheet, IHS is acquiring a large number of telecommunication towers from the South African giant.
Given the ongoing conflict there, it’s probably not quite business as usual for Safaricom in Ethiopia, but the leading Kenyan operator has nevertheless announced plans to invest an initial $600 million in Ethiopia where it is part of a consortium setting up a new telecommunications operation of which it is the majority shareholder.
Libya’s Prime Minister Abd Alhamid Aldabaiba has stated that his government will aim to open the country’s telecoms sector up to competition, bringing about the end of a longstanding state monopoly.
It’s not been officially confirmed, but a number of African news outlets are reporting that South African operator MTN has made a takeover approach for Telkom.
A share sell-off is on the way for MTN Nigeria, according to an announcement from the MTN Group, which expects to kick off the process this month.
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