Telecommunications

Truecaller Phone App Maker in Talks With Airtel About Africa

LAGOS (Capital Markets in Africa) – Swedish phone-app developer True Software Scandinavia AB is in talks with wireless operators including Bharti Airtel Limited to expand its fast-growing Truecaller spam-filtering service in Africa. Truecaller is seeking to roll out a version of the app that works with 2G phones, Chief Commercial Officer Ted Nelson said in an interview in Cape Town on Wednesday. About 70 percent of cell users in Africa use so-called service phones — devices that…

Vodacom to Trial South Africa’s First 5G Service With Nokia

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Vodacom Group Limited agreed to a partnership with Nokia Oyj that will see South Africa’s biggest mobile-network operator trial the country’s first high-speed 5G internet service. The two companies will work together to see how the mobile broadband can be best used in Africa’s most industrialized economy, where the government has delayed a proposed auction of new spectrum. They will also examine how 5G can be used to boost industries that…

MTN Appeals to Court to Dismiss $4.2 Billion Turkcell Case

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – MTN Group Limited has asked South Africa’s High Court in Johannesburg to dismiss a $4.2 billion damages claim by Turkcell Iletisim Hizmetleri AS, five years after the case was first brought in relation to the awarding of an Iranian license in 2005. Africa’s largest wireless operator by sales denies Turkcell’s allegations that it paid bribes to South African and Iranian officials to secure 49 percent of Irancell Telecommunication Company Services, according…

Vodafone Mobile Operations Halted in Cameroon Over License Issue

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YAOUNDE (Capital Markets in Africa) – Vodafone Group Plc’s operations in Cameroon have been halted after the country’s telecommunications regulator ruled that a license had been incorrectly awarded to the local partner of the U.K. wireless carrier. The west African nation’s Telecommunications Regulatory Board allowed Vodafone Cameroon to provide internet and mobile services in the country without government approval, Posts and Telecommunications Minister Minette Libom Li Likeng said in interview in the capital, Yaounde, on…

Etisalat Nigeria Owners Said to Face Write-offs After Default

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Lenders who took over Etisalat Nigeria last month after the wireless carrier defaulted on $1.2 billion in debt are being advised to take a writedown to ensure a planned sale of the company is successful, according to people familiar with the matter. Whether to write down the asset has emerged as a sticking point between the owners, who include Nigerian lenders Access Bank Plc, Guaranty Trust Bank Plc and Zenith Bank Plc, and investments…

NTT Said to Mull Sale of African Business Worth $800 Million

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JOHANNESBURG (Capital Markets in Africa) – Nippon Telegraph & Telephone Corp. is considering the sale of African operations it acquired with the takeover of Dimension Data Holdings Ltd. and is open to approaches from interested buyers, according to three people familiar with the situation. The assets are valued by Japan’s former phone monopoly at about $800 million, said two of the people, who asked not to be identified as the matter hasn’t been made public….

Bharti Airtel Bets on Nigeria Broadband to Chase Down MTN

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LAGOS (Capital Markets in Africa) – Bharti Airtel Limited Nigeria unit said a partnership with China’s ZTE Corp. to provide 4G high-speed broadband will see it add subscribers and narrow the gap with market leader MTN Group Ltd. in Africa’s most populous country. The Indian company is seeking “to lead the industry in terms of new customer acquisition,” Chief Executive Officer Segun Ogunsanya said in an interview in Lagos, Nigeria’s commercial hub. Airtel will start to move subscribers to…

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