Africa & Middle East – Page 6
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Financial & PerformanceIHS Towers targets $1bn from asset disposals
Tower group’s chief executive announces ten-digit goal for proceeds from business sales, amid ongoing strategic review.
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Financial & PerformanceVodacom parries ‘big knocks’ as it battles for growth
Vodacom CEO Joosub focuses on the big picture and promises digital services-driven future growth as macroeconomic headwinds take the gloss off the Group’s FY23-24 performance, and low earnings hit the dividend.
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M&AVodafone−Three welcome deal’s security clearance as focus turns to antitrust
UK government green-lights merger (with caveats) after conducting security review, but Vodafone−Three are far from celebrating as the CMA’s investigation steps up a gear and leaves consolidation in doubt…
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Financial & PerformanceSafaricom dials down Ethiopia spending plan as loss drags Group profits
FY23–24: Safaricom slashes five-year investment target for Ethiopia, commits to tightened spend to weather challenging macro environment, but remains positive on progress and outlook.
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Strategy & ChangeAmerican Tower eyes US expansion of Power as a Service in efficiencies pursuit amidst M&A hiatus
ATC looks to ship high ROI ‘Power as a Service’ learnings to US market, having proven benefits in Africa, and to transfer US automation credentials to other geographies. Hunt for global efficiencies may also lead to monetisation of sub-scale assets, with focus on operational excellence meaning “nothing compelling” to buy, for now…
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Network & InfrastructureVodafone kicks off mega RAN tender for Europe and Africa
Tender puts vendors on tenterhooks as Group starts procurement process for radio networks covering its 170,000-site footprint, while trials complete in Italy with Nokia in tow.
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Weekly BriefingsVodafonewatch Weekly: M&A success in Africa; funding milestone in India; Microsoft getting AI-cosy in Paddington
Latest from Vodafone and its ecosystem, including: long-awaited acquisition in Tanzania that looks to be good business for Vodacom; initial answer to funding questions at Vi via Vodafone partner ABG; developments across the Group’s European operations; and more…
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M&AVodacom Tanzania snaps up rival Smile as Saudi investors cut losses
It’s all Smile(s) as Vodacom completes acquisition of small Tanzanian operator with attractive spectrum holding and 4G network presence. Vodacom Tanzania acquired local rival Smile for TZS 68.8bn (£22m/€25m) just two years after Saudi investors spent $235m+ on a rescue deal. The deal delivers access to Smile’s 800MHz and ...
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Public AffairsEnforced M-PESA spinout delayed by Safaricom $575bn tax exposure
Tax complication delaying spinout of transformational and potentially highly valued African mobile-money pioneer; Central Bank Governor keen to make faster progress on resolution, amidst desire to navigate its local dominance. Read more…
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Weekly BriefingsVodafonewatch Weekly: Germany goes into cost-cutting mode, while shareholder Xavier Niel grumbles about Group strategy
Lots of action in Germany this week as Vodafone announced 2,000 job cuts and new efficiency programme and fibre altnets argued the practical and competitive hurdles holding back gigabit broadband deployments. Read the full briefing…
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M&ASpain buys 3% of Telefónica, more share purchases likely
Madrid initiates process of regaining primary shareholder status in Telefónica, as national interests surrounding telco ownership continue to rise back up the agenda in Europe, prompted by phase of operator vulnerability to outside takeovers and broader climate of geopolitical risk.
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Financial & PerformanceHelios swaps land-grab for lease-grab in strategy refresh
Middle East and Africa tower group makes a change-up of headline KPIs after shifting away from M&A-based expansion of tower footprint.
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Financial & PerformanceIHS Towers hires advisers to assess ‘strategic alternatives’
Tower group’s annual results this week sees chief executive highlight initiation of a strategic review of its business, amid share price slump.
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M&ATelefónica ‘mulls’ Avatel buy to defend wholesale biz
Purchase of Spain’s #5 broadband provider, valued at €1bn, holds potential to accelerate rural fibre, strengthen pre-existing MVNO ties, position Group to better compete. Saudi Arabia’s stc also prowling, despite Telefónica stakebuild friction…
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Partnerships & AlliancesDT and Orange ‘explore’ T-Mobile US partnership to boost tech buying power
Deutsche Telekom indicates it and purchasing partner Orange are studying an expansion of their BuyIn JV by bringing T-Mobile US into the fold.
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M&AHrvatski Telekom ‘diligently assessing’ regional M&A possibilities
Croatian operator’s management remains keen on fashioning it into a regional telco/IT business, saying dealmaking opportunities are being monitored.
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Network & InfrastructureVodafone Turkey creates $100m infra JV for data centre expansion
Vodafone Turkey teams with UAE-based Edgnex Data Centres by DAMAC to invest in new Izmir data centre.
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Peoplee& CEO Hatem Dowidar to take seat on Vodafone board
It’s a happy Valentine’s Day for Vodafone and e& as the partners obtain regulatory approval to get together in the board room.
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Weekly BriefingsInfrawatch Weekly: CityFibre asserts Project Gigabit dominance; 1&1 makes more infra deployment promises…
CityFibre grabs five more Project Gigabit contracts; WightFibre extends Gigabit Island coverage in battle against Openreach; 1&1 sets more targets for antenna site deployments; much more…
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Financial & PerformanceVodacom charges past 200 million customer mark
South African group posts positive Q3 numbers, headlined by customer base milestone.