Category: investment

Cloud technologies provider Amazon Web Services (AWS) has announced a plan to invest US$8.3 billion into cloud infrastructure in the AWS Asia-Pacific (Mumbai) Region in Maharashtra, a state in the western peninsular region of India, to further expand c…

Independent investment benefit corporation and asset manager Meridiam says it has acquired a majority stake in Ilitha, an innovative telecommunications company whose main objective is to provide affordable, unlimited internet solutions to underserved a…

State-owned Ethio Telecom revealed on Thursday that it has initiated strategic discussions with the African Development Bank (AfDB) to finance its digital transformation initiatives, amid reports that the telco also pushed back the deadline of its plan…

The mixed fortunes of WOM Colombia, the country’s fourth largest operator, have been at least slightly boosted by news of an acquisition that will allow it to continue to operate.

Digital Edge, a developer and operator of interconnection and hyperscale edge data centres across Asia and portfolio company of Stonepeak, a leading alternative investment firm, has announced it has raised over US$1.6 billion in new c…

Global digital operator Veon Group says it has reaffirmed its confidence in the growth potential of Pakistan’s microfinance sector and Mobilink Bank, part of the Veon Group, by investing US$15 million in fresh capital to drive the bank’s strategic ambi…

Operator MTN Uganda says it has secured UGX370 billion (about US$100 million) in committed debt financing from five local banks.

The International Finance Corporation (IFC) and a consortium of six international financial institutions have committed over US$900 million in financing to global data centre operator Yondr Group’s hyperscale data centre campus in Johor Bahru, a city o…

The Cameroon business of pan-African telecom giant MTN Group has received some encouraging news from its parent company in the form of a promised major injection of cash.