Telecoms giant Orange and German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have formed a strategic alliance to, as they put it “enhance digital employability of 20,000 young people in Africa and the Middle East”.
America Movil’s chairman Carlos Slim has pledged an investment of BRL30 billion ($7.2 billion) into the group’s Brazilian operations.
To achieve universal broadband access in African countries will require a vast investment to bring an estimated 1.1 billion more people online, according to a recently published report from the World Bank Group.
To achieve universal broadband access in African countries will require a vast investment to bring an estimated 1.1 billion more people online, according to a recently published report from the World Bank Group.
Energy solutions provider IPT PowerTech Group has received a round of financing from Finnfund, DEG, Proparco and the European Investment Bank that will allow it to modernise the energy supply infrastructure in Lebanon and Guinea.
5G trials will get underway this month in Malaysia, with the country’s government confirming that eight companies have pledged a combined initial investment of MYR116 million ($27.7 million).
Today – 19 September – sees the arrival of the German-Africa ICT Forum at Microsoft Berlin, Germany.
The Africa Finance Corporation (AFC) has approved a $230 million loan to Nigeria’s 9mobile.
Indonesian market leader Telkomsel has partnered with its venture capital unit MDI Ventures and Singtel’s Innov8 to set up a $40 million fund for investment.
Operators in Indonesia could see their revenue increase in 2019 if they are able to expand their data offerings to drive usage, according to Fitch Ratings.
Leading telecommunications operator Orange has opened its first Orange Digital Centre for Africa and the Middle East. The Orange Digital Centre in Tunisia has been set up as a centre to provide wide-ranging support for start-ups.
PPF Group has acquired a 100% stake in Serbia-based Telenor Banka from Telenor Group, having obtained the necessary regulatory approval from National Bank of Serbia.
Sky and Space Global has received signed binding commitments for raising $12 million in a two-tranche share placement to investors as part of its $15 million fundraising effort.
Brookfield Asset Management is in talks with Reliance Industries that could see it acquire a controlling stake in Reliance Jio’s telecom assets.
SoftBank is reportedly planning to launch an investment fund focused on the Latin American market.
Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over the next three years.
Six companies have pledged investment into Airtel Africa in a funding round which raised $1.25 billion for the operator.
Nigeria’s government has agreed a $328 million loan from Chinese state bank Exim to upgrade the country’s telecoms infrastructure.
Oi’s largest stakeholders are reportedly no longer aiming to divest their holdings in the beleaguered Brazilian operator and are instead considering how to boost its offering.
MTN has stalled its plans to invest $750 million in Iran in the face of possible US sanctions on the market.
Finnish development financier Finnfund is loaning Zain Iraq US$19 million to modernise its network in Northern Iraq and boost the capacity and quality of its existing 3G network in other parts of the country.
A new report issued by the Chilean Construction Chamber calls for the country to invest around $25B into telecoms infrastructure across the next decade.
The government of Ethiopia is inviting bids from private operators for a 30-40% stake in state-run Ethio Telecom.
Vodacom Group is lining up a ZAR17.6 billion ($1.3 billion) empowerment transaction aimed at increasing the amount of its business held by black investors by as much as 6.35%.
The government of Ethiopia – which has a long history of controlling the country’s economy – will allow domestic and foreign investors acquire minority holdings in the state-run operator Ethio Telecom.
Countries in Central America are lagging behind in deployment and adoption of mobile broadband, putting the region’s future economic development at risk, according to a new report by the GSMA.
Reliance Industries is leading an initiative to invest INR600 billion ($9.3 billion) to provide digital services in India’s Maharashtra state.
NEC Corporation is increasing its investment in XON Holdings Proprietary Limited (XON), an ICT solutions company based in the Republic of South Africa, making it a subsidiary through NEC Europe Ltd.
Malaysian operator Maxis is considering pouring as much as $1.1 billion into its Indian unit Aircel following the collapse of its merger agreement with Reliance Communications.
The duopoly that has dominated the Philippines for years could be shaken up following a meeting between President Rodrigo Duterte and Chinese Premier Li Keqiang.
China Unicom has rejected reports suggesting that its collaboration on operating centres with internet giants Tencent and Alibaba indicates that the firms will invest in the operator.
Indian market leader Bharti Airtel has sold another stake in its tower unit Infratel to a consortium of investors.
India’s Snapdeal has abandoned merger negotiations with larger e-commerce rival Flipkart, resolving to remain independent and bringing months of talks to an end.
Indian online retailer Snapdeal has reportedly given the green light to a buyout bid of as much as $950 million by larger competitor Flipkart.
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