Xavier Niel’s investment vehicle Atlas increased its bid for Latin America-focused Millicom too US$4.1 billion, after the Millicom board rejected its previous offer for “undervaluing” the business.
The GSMA predicts that telecom reforms that spurred investment in mobile technology could add over ETB1.3 trillion (US$10. 3 billion) to Ethiopia’s GDP by 2028.
Troubled Brazilian operator Oi has been declared bankrupt by a Rio de Janeiro court. Failure to comply with a court-approved restructuring plan, ratified in 2024, and the accumulation of debt not subject to bankruptcy rules were two of the main reasons…
There’s been a boost for efforts by Indian operator Vodafone Idea (aka Vi) to raise more funds after an extraordinary general meeting (EGM) on Tuesday, the results of which were announced today.