The mobile communications markets of Kenya, Tanzania, Uganda and Rwanda, earned revenues of $2.62 billion in 2008 combined and are expected to deliver $8.99 billion in 2015, following the availability of cheaper handsets and network investments in this region, says a recent study compiled by Frost & Sullivan. (more…)
Archive for the ‘African Telecoms News’ Category
Investors in Kuwaiti telco to announce deal worth $15 billion, local press reports.
Shareholders in Kuwaiti telecom giant Zain have reached a preliminary agreement with Gulf and Asian investors to sell 46% of their stake, Al-Rai newspaper said in its Monday edition. (more…)
Safaricom Launches Solar-Powered Mobile Phone
Kenyan mobile network operator, Safaricom has launched a solar-powered mobile phone according to Cellular News. Branded Simu ya Solar and manufactured under a partnership with ZTE, the handset is made from recycled materials and has an in-built solar panel. (more…)
Tags: Kenya, Michael Joseph, mobile network operators, Safaricom
Econet in bid to block Zain Nigeria sale
According to IT News Africa, Econet Wireless Group (EWG) of South Africa has started moves to block the sale of Kuwaiti-based Zain’s interests in Zain Nigeria until a ruling on a dispute over ownership of the company is passed. Last week media reports indicated that the Zain Group, a mobile telecoms company with operations in 22 countries in the Middle East and Africa, may agree to a deal to sell its African operations to French company Vivendi for up to USD12 billion.
Tags: African mobile networks, Econet, ForgetMeNot Africa, Nigeria, Zain, Zimbabwe
Interview with Econet boss – Strive Masiyiwa
Strive Masiyiwa
As founder and chief executive of Econet Wireless he has pursued his ambition of creating a truly African multinational business, spinning a web that spans seven countries, more than 25 million customers and generates an estimated $3bn (£1.8bn) in annual revenues. He has fought his way through Africa’s often tangled legal jungle and had the security forces on his tail – more often than not sitting outside his house.
Next week his legal team will enter a courtroom in the Netherlands to mount the next challenge: throwing a spanner in the works of what could potentially be one of the biggest deals in African history, the $10bn sale of rival mobile-phone operation Zain.
Read the rest on the Guardian website…
Source: Guardian
Tags: African mobile networks, Econet, Nigeria, Zain, Zimbabwe
