The African Development Bank (AfDB) has approved a US$160 million loan to Axian Telecom to support the operator’s plans to upgrade its nine subsidiaries in Africa and explore expansion into new markets.
The GSMA predicts that telecom reforms that spurred investment in mobile technology could add over ETB1.3 trillion (US$10. 3 billion) to Ethiopia’s GDP by 2028.
WOM Colombia has announced plans to roll out its 5G networks this year, following a bailout from new investors that rescued the operator from bankruptcy last week.
Telecom services revenue in Indonesia is predicted to grow at a Compound Annual Growth Rate (CAGR) of 3.7% between 2024 and 2029, a trend underpinned by the increasing adoption of mobile data and fibre connectivity.