Iliad owner considers Millicom buyout

Malaysia-based subsea cable solutions company OMS Group said on Monday it has allocated US$300 million for strategic investments in its global cable systems and terrestrial infrastructure in the ASEAN region.

Quite a few weeks after Ethiopia’s maiden initial public offering (IPO) closed, Ethio Telecom has revealed how many of the company’s shares were actually sold of the 100 million on offer – and it seems the total was very modest indeed.