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.
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.
Morocco-based Maroc Telecom announced on Saturday it has secured two loans from World Bank Group’s IFC worth EUR370 million (US$425.1 million) to help finance 4G rollouts in Chad and Mali.
In news that is likely to be relevant to developing world markets where coverage of remote areas remains a problem, iPhone maker Apple has announced that it will invest up to US$1.5 billion in Globalstar, a provider of satellite and terrestrial connect…