Vodacom commits $22 million to expand Eastern Cape network

Indonesian telco XLSmart on Tuesday released its last quarterly results for XL Axiata before last month’s merger with Smartfren, which showed the telco reporting modest growth in revenues and customers but a dramatic slide in its net profit.

Veon welcomed a letter from shareholder Shah Capital, which criticised the operator’s board for poor stock price performance, and agreed there is potential for improvement.