Telecommunication

Apart from being one of the subsidiaries of Africa’s largest mobile telecoms company, MTN Nigeria is currently the highest-earning telecom company in the country. According to the Nigerian Stock Exchange, the company hit over five trillion naira milestones in the second quarter of 2022. This makes it more valuable than…

Airtel, an African telecommunication company, closed the first part of selling tower assets to a joint venture company in Tanzania. This transaction will see the transfer of approximately 1400 mobile sites to the joint venture company. The transaction, which was concluded today, is valued at $176 million, and $159 million…

Globacom’s Abuja base station was shut down by the Nigerian Civil Aviation Authority (NCAA) due to the exhaustion of all means for resolution between Nigerian telecommunication and civil aviation. According to a letter from the regulatory body, Globacom owes the agency over N5 billion for breaching air safety by erecting…

America’s digital infrastructure company Equinix acquired West Africa’s leading connectivity and data centre company, MainOne, at the cost of $320 million. In the press release, Equinix announced its intention to expand into the African market through the acquisition of MainOne. The acquisition will be completed by the first quarter (Q1)…

The Transaction is the latest strategic divestment of the Group’s tower portfolio as it focusses on an asset-light business model and on its core subscriber-facing operations.

Note that MTN has a long history of building and operating market-leading operations in numerous markets across Africa and the Middle East, including establishing greenfield operations. At the end of 2020, MTN Group had 280 million subscribers across 21 markets

Safaricom Plc is one of the leading telecom firms and biggest companies in Africa with a valuation of about $10.6 billion, according to Forbes.

Airtel Africa Plc announced earlier today that the National Communications Commission (NCC) has approved its application for the renewal of its spectrum licenses. The renewal is in the 900MHz and 1800MHz bands and will serve Airtel's Nigerian operation.

Telkom Kenya Limited said it is set to scale its 4G network coverage as a means to consolidate on its operation in the East African country.

"As the Minister has earlier directed in January, 2020, all citizens are urged to immediately secure Digital Identification from the National Identity Management Commission and submit it to the Network Operators." - NCC