Pan-African telecoms and network services provider Paratus Group announced on Wednesday it has expanded its operations into Uganda via a joint venture with Kampala-based ISP and managed solutions provider Roke Telkom.
True Corp will challenge a decision by the Central Administrative Court which dismissed its appeal against an arbitration order requiring the operator to pay THB4 billion ($124.3 million) plus interest to National Telecom (NT).
Bharti Airtel paid INR59.85 billion ($697.5 million) to India’s Department of Telecom to fully repay a high-interest loan used for spectrum at auction last year.
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.