East Africa-headquartered carrier-neutral data centre operator Wingu Africa has raised US$60 million to fast-track its regional expansion and, it says, power the continent’s digital transformation.
Ericsson India reportedly sold off its 0.6% stake in Vodafone Idea (Vi) on Tuesday to undisclosed buyers for INR4.28 billion (US$49.9 million), less than two months after Nokia’s Indian unit did likewise.
Pan-African telecommunications service provider Axian Telecom is continuing to make news, this time with the announcement that it has acquired an 8% stake in African e-commerce giant Jumia.
Orange Egypt has secured a syndicated loan worth over US$80 million from the European Bank for Reconstruction and Development (EBRD) and Banque Misr to help cover the cost of its recently acquired 5G mobile licence.
The government of Burkina Faso has announced plans to roll out 800 telecom towers in 2025 to facilitate network coverage in ‘white zones’ – areas with no network coverage.
Turkish technology and communications company Turkcell has secured US$150 million in Murabaha financing from Dubai Islamic Bank, a prominent bank in the Gulf region.
IHS Towers, one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, says it has agreed to sell 100% of its IHS Rwanda Limited business, including its approximately 1,465 sites…
Sri Lankan telco Dialog Axiata announced on Monday it will invest another US$100 million in its digital infrastructure, increasing its total cumulative investment in the country to more than US$3.37 billion.