ByteDance joins the rush to invest in Malaysian comms infrastructure

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.

Orange Egypt has secured a syndicated loan worth over US$80 million from the European Bank for Reconstruction and Development (EBRD) and Banque Misr to help cover the cost of its recently acquired 5G mobile licence.