The parent companies of Indonesian telcos XL Axiata and Smartfren have reportedly asked permission from telecoms regulator KemKominfo to carry out a long-planned merger of the two companies – and seem likely to get it.
MTN’s super-app Ayoba had 35 million monthly active users in 2023 a year-on-year increase from 20 million due to feature upgrades and expansion into new markets, and now the operator aims to chase growth through expanding its B2B front.
The African Development Bank (AfDB) has approved a US$160 million loan to Axian Telecom to support the operator’s plans to upgrade its nine subsidiaries in Africa and explore expansion into new markets.