XL Axiata’s pre-merger Q1 results show profit down despite growth

Nepalese telco Ncell revealed on Friday it has signed a Memorandum of Understanding (MoU) with Saudi Arabian telco e& international to collaborate on delivering key digital services, products, and platforms in Nepal.

Vodacom reported a dip in profits due to higher energy costs and forex rates which have also affected other operators on the African continent.

Shareholders in South African service provider Telkom will soon vote on a plan to sell the group’s towers and masts to a consortium led by private equity firm Actis.