Actis agrees sale of South African fibre operator Octotel

Quite a few weeks after Ethiopia’s maiden initial public offering (IPO) closed, Ethio Telecom has revealed how many of the company’s shares were actually sold of the 100 million on offer – and it seems the total was very modest indeed.

Zegtel, a new Nigerian mobile virtual network operator (MVNO), has announced plans to invest about US$21.8 million over the next five years to expand mobile connectivity across the country.