Global digital operator Veon announced on Tuesday that it has signed a deal to sell its 50.1% indirect stake in mobile operator Beeline Kyrgyzstan to CG Cell Technologies, a wholly owned subsidiary of CG Corp Global.
Bharti Airtel subsidiary Bharti Hexacom has reportedly postponed the sale of 3,400 telecoms towers to Indus Towers pending a new valuation of the deal requested by Hexacom’s minority shareholder Telecommunications Consultants India Ltd (TCIL).
Now Corporation has announced its intention to appeal against the National Telecommunications Commission (NTC) decision not to renew its telecoms licence, a move that has rendered the operator inoperative.
Ethio Telecom CEO Frehiwot Tamiru (pictured) revealed ambitions for the state-owned operator to almost double revenue at the end of its financial year in June to ETB236 billion (US$1.6 billion), on the back of increasing users and data usage.