Telefonica’s sale of shares in its fibre optic network in Peru to investment fund KKR and Chilean telco Entel collapsed after the deal was announced in July 2023.
Veon welcomed a letter from shareholder Shah Capital, which criticised the operator’s board for poor stock price performance, and agreed there is potential for improvement.
Pan-African operator group Axian Telecom poached MTN Nigeria COO Hassan Jaber (pictured) as its new group CEO, as the challenger operator continues to compete on the continent.
Huawei announced on Friday that Ethio Telecom has deployed its tri-band massive MIMO solution that it says significantly improves the telco’s 4G network both in terms of performance and user experience.