Philippines-based operator Globe Telecom sold off more towers in a deal sealed back in 2022, raising PHP13.5 billion (US$234 million) to support future capex plans and pay down debts.
The International Finance Corporation (IFC) announced it is in discussion to loan Airtel Africa US$200 million, to fill the operator’s coffers to fund network expansion in the Democratic Republic of Congo (DRC), Rwanda and Kenya.
Orange and Vodafone announced extension of their open RAN network pilot project in rural Romania to boost coverage and integrate 2G virtualised RAN (vRAN) technology, a vital step towards cloud migration.
China Telecom Global has officially kicked off operations in Saudi Arabia with the launch of new subsidiary China Telecom Gulf, which has already secured its first cooperation agreements with local telcos STC and state-owned BTC Networks.