Safaricom reports 52% jump in half-year profits

Indian telco Vodafone Idea reportedly plans to raise as much as Rs180 billion (just over US$2.1 billion) this week in what is expected to be India’s biggest follow-on public offering (FPO) as it seeks to pay off debts and get back in the 5G game.

Ethio Telecom has reported a significant jump in annual pre-tax profit, attributing the performance to strong subscriber growth and an aggressive network expansion strategy.