Saudi PIF invests in space and satellite sector

Aramco Digital, the technology subsidiary of Saudi petroleum and natural gas company Aramco, is widely reported to be in talks to invest about US$1 billion in telecommunications software maker Mavenir.

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.

Brazilian telecommunications company Oi is continuing the slow business of restructuring its operations and settling debts. It has now signed a deal with infrastructure business American Tower Corporation (ATC) that will see it transfer selected towers…