Hard on the heels of news of its increased stake in African giant Vodacom, the Vodafone Group has responded dismissively to rumours that it is considering a partial or total sale of the company.
Following the apparent resolution of its tax dispute with the Ghanaian government, MTN Group, Africa’s largest mobile network operator, has now said it plans to invest US$1 billion in Ghana over the next five years.
The Indian government is reported to have allocated 529.3billion rupees (about US$6.4 billion) in its recent budget for infrastructure installation and upgrades for both state-owned operators – BSNL and MTNL – this year.
PT Profesional Telekomunikasi Indonesia (Protelindo), the largest telecommunication infrastructure company in Indonesia, has invested in UK-headquartered Stratospheric Platforms Limited (SPL), which seeks to provide high-bandwidth telecoms network coverage from the stratosphere using hydrogen-powered high altitude platforms (HAPS) delivered by unmanned aircraft.
It’s being widely reported that Millicom International Cellular, the Latin American telecommunications company, is a takeover target.
