The 10% sell-off of Ethio Telecom is finally going ahead. In fact Reuters reports that Ethio Telecom will become the first company to list on Ethiopia’s new stock market next week when the government sells a 10% stake in the company.
The growing appeal of Vietnam as an investment destination for many companies – notably those in the telecoms and IT sectors – has been underlined by announcements from Meta and Ericcson this week.
IL Cazar, a leading real estate company, has announced a partnership agreement with service provider Orange Egypt to provide Orange's telecommunications services and smart technology solutions to two of IL Cazar's prime projects in New Cairo, a satellite city within the metropolitan area of Cairo.
The African Development Bank (AfDB) Group, a multilateral institution whose objective is to contribute to the sustainable economic development and social progress of African countries, has approved grants for digitising the Comorian economy.
Malaysia-based subsea cable solutions company OMS Group said on Monday it has allocated US$300 million for strategic investments in its global cable systems and terrestrial infrastructure in the ASEAN region.
With excellent timing – considering last week’s downbeat headlines about AGR dues – Indian operator Vodafone Idea has announced the conclusion of what it quite reasonably describes as a US$3.6 billon megadeal with three global network partners.
Kenya's ICT Authority has reportedly launched an ambitious US$2.4 billion project to reduce digital inequality, modernise business processes, and improve the country's digital landscape. But this isn’t the only digital transformation initiative announced in East Africa in recent weeks, as the Eastern Africa Regional Digital Integration Project may soon be rolled out.
Burkina Faso is planning to extend mobile and internet services to 1,000 remote areas over the next three years. These areas, known as ‘white zones’, are regions without access to telephony and internet services.
The International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, and tech giant Microsoft have signed a strategic agreement to identify and enhance investment opportunities in digital transformation across Latin America and the Caribbean.
The question of whether over-the-top (OTT) services need to pay for the infrastructure they use has come up again – this time in South Africa, where an industry organisation wants digital content and service providers to help pay for the roll out and upgrade of network infrastructure .
African fibre company Liquid Telecommunication Holdings is seeking to raise US$225 million in equity by the end of the year, according to a number of reports.
Mubadala Investment Company, the Abu Dhabi sovereign investor, has announced an investment in Yondr Group, a leading global hyperscale data centre developer.
In a deal that seems to have been finalised last week but has only recently been widely reported, Uganda plans to sell 60% of its troubled state-owned service provider Uganda Telecommunications Corporation Limited (UTel) to Dubai-based global contractor Rowad Capital for US$225million.
Clear Mobitel, a UK-based technology data company, has announced plans to invest US$200 million in Zimbabwe’s telecommunications sector.
Millicom International Cellular says it has entered into a non-binding memorandum of understanding (MoU) to acquire a 67.50% stake in Colombia Telecomunicaciones (aka Coltel or Telefonica Colombia) from owner Telefonica Hispanoamerica, for approximately US$400 million.
The World Bank has pledged US$100 million to fund a new project that promises to speed up development of Zambia's digital infrastructure and narrow the digital divide.
Malayisan telco Maxis is reportedly keen to buy out rival operator U Mobile, but a deal looks uncertain with at least one major shareholder of U Mobile having already rejected the idea.
Thai billionaire Sarath Ratanavadi has reportedly announced plans to merge his power company Gulf Energy Development with its telecoms unit Intouch Holdings, which owns telco Advanced Info Service (AIS), with the resulting combined entity potentially valued at US$20.5 billion.
The International Finance Corporation (IFC), a global development institution focused on the private sector in developing countries and a member of the World Bank Group, has announced a financing package for TerraPay, an Africa-focused digital payments provider.
Philippine company DITO CME Holdings, the parent firm of third telco DITO Telecommunity, has denied a report in local media that one of its investors, Singapore-based Summit Telco Holdings, is moving to take over the company.
Intelligent power and sensing technologies company onsemi has announced plans to establish a state-of-the-art, vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic.
Africa Data Centres, which owns and operates Africa's largest network of interconnected, carrier and cloud-neutral data centre facilities, says it has unlocked funding that will allow it to expand data centre capacity and meet the growing demand for cloud computing services in South Africa.
Indian telco Vodafone Idea is reportedly set to raise as much as Rs24.5 billion (US$293.2 million) via a preferential issue of equity shares to the local units of telecoms equipment suppliers Nokia and Ericsson.
Yet another massive communications-related investment is coming Malaysia’s way, this time from ByteDance.
Silica Networks, the telecommunications division of the technology-focused Datco Group, has acquired the operation of wholesale fibre optic connectivity services operator Internexa in Argentina. The purchase of Internexa is said to be Datco Group's 27th acquisition.
Google has announced plans to invest US$2 billion in Malaysia. It aims to develop its first data centre in the country, along with a Google Cloud hub.
The Saudi Arabian Public Investment Fund (PIF) has established the Neo Space Group (NSG), a wholly owned PIF company whose mission will be to become a national champion in the Saudi satellite and space sector.
Malaysia is apparently targeting an estimated US$107 billion – or more – in investment for its semiconductor industry, an industry in which it is already well established, accounting for 13% of global testing and packaging, according to some reports.
Xavier Niel-owned company Atlas Investissement announced it is discussing whether to table an offer for Millicom, a move to expand its reach into Latin America.
Technology giant Microsoft and artificial intelligence-focused UAE-based technology group G42 have announced a comprehensive package of digital investments in Kenya, as part of an initiative with the Republic of Kenya’s Ministry of Information, Communications and the Digital Economy.
Three investment groups have partnered to support operator Sonatel’s telecoms expansion in Senegal. The combined €87 million (about $94.5 million) financing package aims to help the company expand telecoms infrastructure, including towers and cables, in rural areas and provide reliable and affordable mobile and internet services to people in Senegal.
TOA (TowerCo of Africa) Tanzania has signed a US$30 million financing agreement with UK development investor British International Investment (BII).
Vietnam’s biggest technology firm, FPT, has announced what it calls a comprehensive strategic partnership with technology giant Nvidia, aiming to offer what it calls a one-stop shop for artificial intelligence (AI) and cloud.
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