Millicom board urge rejection of Xavier Niel’s bid

South African telco Vodacom said on Thursday it will invest around ZAR100 million (US$5.5 million) to build 106 new base station sites in deep rural areas of KwaZulu Natal, which will bring connectivity to hundreds of thousands of people in those areas.

Telkom South Africa’s planned US$355 million selloff of its Swiftnet tower business to infrastructure-focused private equity firm Actis cleared another hurdle on Friday after its shareholders unanimously voted in favor of the deal.