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Telecoms News

Telkom delivers strong H1, retrenchment, retirement costs cut earnings 

By: Natasha Odendaal     13th November 2018 Voluntary severance package (VSP) and voluntary early retirement package (VERP) costs have dragged down the earnings of JSE-listed Telkom during the first half of the year. Headline earnings per share (HEPS) for the six months ended September 30 declined by 3.3% to 288c apiece owing to a... 

Vodacom posts H1 uptick  

By: Natasha Odendaal     12th November 2018 JSE-listed Vodacom on Monday posted growth across the board for the first half of the 2019 financial year, with service revenue up 6.1% to R36.8-billion and group revenue up 5.6% to R44.4-billion. During the six months ended September 30, the group achieved headline earnings a share of 385c, a 6%... 

Standard Bank launches Internet banking in Chinese

By: Simone Liedtke     9th November 2018 Financial services provider Standard Bank successfully launched its first Chinese Internet banking site in Angola this week. With more than 30 000 active Chinese-owned firms in Africa, Standard Bank believes it can grow Africa-China trade by building and managing an innovative and effective... 

Opic, Africell commit $100m to develop Africa’s telecommunications environment 

By: Natasha Odendaal     9th November 2018 US development finance institution Overseas Private Investment Corporation (Opic) and mobile telecommunications operator Africell have signed a financing deal that will see $100-million injected into the development of the telecommunications sector in Africa. The growth capital facility, one of... 

Cities need to invest up to $5.4tn a year to develop resilient infrastructure

By: Schalk Burger     9th November 2018 All forms of infrastructure are critical for the expected global urban growth, yet cities face a $4.5-trillion- to $5.4-trillion-a-year investment gap to develop resilient infrastructure. Smart cities are a response to infrastructure and funding challenges, says consulting engineering firm WSP... 

Cities need to invest up to $5.4tn a year to develop resilient infrastructure
ALISON GROVES A focus on sustainability will help build cities and spaces for rural communities that are liveable and resilient

Nigerian court adjourns case between MTN and attorney general to Dec 3

By: Reuters     8th November 2018 A Lagos judge on Thursday adjourned a hearing in a $2-billion dispute between South African telecoms firm MTN Group and Nigeria's attorney general until December 3. MTN faces a $2-billion tax demand from the country's attorney general, a claim which the company has said is without merit. The... 

South Africa's financial stability threatened by MTN's $10bn Nigeria bill – SARB

By: Reuters     8th November 2018 Billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa's financial system, the South African Reserve Bank (SARB) said on Wednesday. The Nigerian central bank in August accused telecoms firm MTN and its... 

Dimension Data expands Silicon Cape partnership

By: Natasha Odendaal     7th November 2018 Information and communication technology (ICT) group Dimension Data has expanded its partnership with innovation ecosystem coordinator Silicon Cape after joining as a blue member of the organisation’s Africa-first membership. The Africa-first membership, launched in July, is an evolved model that... 

Etion secures new equity partner

By: Natasha Odendaal     7th November 2018 Clive Douglas Investments-represented Conexus Capital Growth Fund has secured a R27-million stake in revamped, diversified digital technology solutions provider Etion. The new equity partner had been issued 70-million shares in Etion at 39c apiece, representing 14.16% of the issued share capital... 

Vodacom, Telkom reach network sharing deal

By: Reuters     7th November 2018 South African telecoms firm Vodacom said on Wednesday it had entered into a roaming and facilities leasing agreement with Telkom, South Africa's biggest fixed-line operator. Vodacom said the multi-billion rand agreement would allow Telkom customers to roam on Vodacom's 2G, 3G and 4G networks with... 

Kenya's Safaricom takes M-Pesa global with Western Union

By: Reuters     6th November 2018 Kenya's biggest telecoms operator Safaricom on Tuesday unveiled a new service on its M-Pesa mobile financial services platform that will allow users to send money around the world in a partnership with Western Union. Started as a simple money transfer service 11 years ago to fill a gap in Kenya's... 

Ethos achieves first R700m investment under new large buyout fund

By: Creamer Media Reporter      6th November 2018 Private equity investor Ethos has invested R700-million in global financial technology (fintech) provider Channel VAS. The investment is the first under Ethos’ new large-buyout fund, Ethos Fund VII, which is seeking to attract R8-billion in capital commitments from local and institutional investors. 

South Africa elected onto international telecoms structures

By: African News Agency      6th November 2018 South Africa has been elected onto the executive council of the International Telecommunications Union (ITU) and the Radio Regulations Board (RRB) at the Plenipotentiary Conference in Dubai.  Minister of Telecommunications and Postal Services Dr Siyabonga Cwele led the SA delegation at the ITU... 

Don't leave half the world offline and behind, urges Web founder

By: Reuters     6th November 2018 British computer scientist Tim Berners-Lee, who invented the World Wide Web, appealed on Monday for companies and governments not to leave behind half of the world population yet to have internet access, which includes billions of women and girls. Berners-Lee told the opening of the Europe's... 

Safaricom plans M-Pesa entry in new African market by April

By: Bloomberg     2nd November 2018 East Africa’s biggest company by market value plans to introduce its M-Pesa mobile-money service in at least one other country by the end of its financial year in March. Safaricom Plc. intends to recruit people with mergers and acquisitions skills for the transaction so the company can “push the... 

Satellite connectivity can reduce sky-high Internet prices – MzansiSat

By: Schalk Burger     2nd November 2018 Accessible and affordable broadband Internet connectivity can be achieved through an infrastructure network that uses geostationary satellite technology to provide connectivity, says local satellite operator MzansiSat CEO Bart Cilliers. A study by Point Topic revealed that asymmetric digital... 

South Africa moves to reboot digital migration after years of delay

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

South Africa moves to reboot digital migration  after years of delay

BBBEE ICT sector council appoints new chairperson, deputy

By: Creamer Media Reporter      30th October 2018 The Broad-Based Black Economic Empowerment (BBBEE) Information and Communication Technology (ICT) Sector Council has elected Councillor Andile Tlhoaele and Councillor Pheladi Gwangwa as chairperson and deputy chairperson, respectively. This followed the resignation of Councillor Nokuzola Ehrens... 

Nigerian court adjourns case between MTN, central bank to Dec 4

By: Reuters     30th October 2018 A Lagos judge adjourned a hearing on Tuesday in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria's central bank to Dec 4. The central bank alleges the firm illegally sent $8.1-billion abroad, and the Nigerian government has demanded $2-billion in taxes from MTN. 

Rain to launch 5G network

By: Natasha Odendaal     29th October 2018 South Africa’s newest data network provider, rain, is planning to deploy a fifth-generation (5G) broadband fixed-wireless network to support government’s drive for competition, lower data prices and improved access in the telecommunications industry. Teaming up with partners Huawei and Nokia, the... 

MTN posts positive Q3 financial results 

By: Natasha Odendaal     29th October 2018 JSE-listed MTN on Monday posted positive third-quarter results after achieving an improved operational performance in many of the markets in which it operates during the three months to September 30. The group reported a particularly strong operational performance in Nigeria and Ghana, while some... 

MTN posts positive Q3 financial results

More data to train machines set to change business functions

By: Schalk Burger     26th October 2018 Machine learning, underpinned by massive volumes of data, and the cognitive systems they enable will be key to business in the future, says data management company CommVault Europe, Middle East and Africa senior marketing director Nigel Williams. Whether it is computational fluid dynamics or... 

Kenya sets aside funds to develop domestic mobile phone industry

By: Reuters     24th October 2018 Kenya's minister of information, communication and technology said on Tuesday that the government had set aside one-billion shillings ($9.90-million) to help local start-ups in the mobile telephone software and hardware segments to grow. Joe Mucheru, the ICT minister, told the annual meeting of... 

Court to hear MTN's case against Nigeria's central bank in $8.1bn transfer row

By: Reuters     22nd October 2018 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1-billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria's forex reserves, the South African... 

EOH hopes restructuring will create new growth platform

By: Schalk Burger     19th October 2018 JSE-listed information technology group EOH has separated into two companies as part of its work to renew the business and position it for growth. The EOH-branded information and communication technology (ICT) business will focus on digital services in a digitising economy and the Nextec company... 

Altron appoints another acting CFO

By: Creamer Media Reporter      18th October 2018 JSE-listed Allied Electronics (Altron) has appointed Andrew Holden acting CFO, effective October 19. This follows the resignation by acting CFO Tim Jacobs, who will assume a permanent CFO role at a multinational group as from October 19. 

Telecommunications industry loses billions of rands on the back of regulatory uncertainty

By: Natasha Odendaal     18th October 2018 The South African telecommunications industry needs regulatory certainty or it will continue to lose billions of rands in investment, Vodacom Group CEO Shameel Joosub warned on Thursday. Speaking during a question and answer panel at the MyBroadband conference, in Midrand, he explained that the... 

Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

Africans fear trend towards levies on data, services

By: Reuters     18th October 2018 The brisk business Julius Kirya did from his cash transfer kiosk in the Ugandan capital has slowed right down with a new tax on mobile money. Many of his customers have returned to sending banknotes by hand, in some cases via motorbike taxi. How to tax digital revenues, from fintech to social... 

Nigeria central bank, MTN getting closer to settlement – Minister

By: Reuters     18th October 2018 Nigeria's central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1-billion, Nigeria's information minister said on Wednesday. The central bank says MTN transferred $8.1-billion of funds out of Nigeria in breach of... 

Poverty comes with a data premium – Competition Commission hears 

By: Natasha Odendaal     17th October 2018 Just over a year since initiating a market inquiry into data services, the Competition Commission on Wednesday kicked off its three-day public hearings to obtain a clear understanding of what is causing or leading to high data prices, along with the current state of competition, in South Africa.... 

Telcos embracing once-feared OTTs

By: Natasha Odendaal     15th October 2018 South Africa’s mobile operators are seemingly starting to embrace over-the-top (OTT) services, with offerings of OTT-related bundles with lower effective rates per megabyte of data, the Independent Communications Authority of South Africa’s (Icasa’s) latest tariff analysis report shows. The... 

No digital migration funds have been wasted – Mokonyane

By: Natasha Odendaal     15th October 2018 The Department of Communications (DoC) will continue to have the remaining set-top boxes (STBs) it has already procured distributed ahead of the implementation of the new broadcasting digital migration model in March next year. None of the R10-billion in expenditure or procurements undertaken to... 

AfriCanopy to deploy low-cost Internet to rural KwaZulu-Natal in TV white space trial

By: Natasha Odendaal     15th October 2018 The Independent Communications Authority of South Africa (Icasa) has approved plans for telecoms start-up AfriCanopy to embark on an eight-month commercial trial of television white space (TVWS) devices. AfriCanopy will now deploy high-speed, low-cost broadband using its new telecoms technology... 

Telecom connectivity for the South African market

12th October 2018 The Prysmian Connectivity Business Unit, a unit of Italian multinational corporation Prysmian Group, which manufactures electric power transmission and telecommunications cables and systems, visited South Africa in August to present product solutions to new and existing customers in the country... 

Cabinet approves revised digital migration model

By: Natasha Odendaal     11th October 2018 Cabinet on Wednesday approved a revised digital migration delivery model that will see government step back from its involvement in the procurement of set-top boxes (STBs), warehousing, transportation and the installation of the devices. The new model for the implementation of the broadcast... 

Helios to enter South Africa within the next year, says CEO

By: Bloomberg     9th October 2018 Helios Towers wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019. Helios is in talks with potential partners to comply with South Africa’s black economic empowerment requirements and... 

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