Category: Telecommunication

myfisensemyfisenseNovember 2, 2020
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1min00
Johannesburg headquartered African telecommunication giant has announced that it has now sold it stake of 18.9% stake in Africans home grown ecommerce business Jumia in a press release. According to the statement, MTN raked US$ 141m net proceeds from the transaction. MTN made the move in August this year with the New York Stock Exchange […]

myfisensemyfisenseOctober 27, 2020
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1min00
South Africa’s fiber network operator Liquid Telecom has announced it has raised US$307 million through a rights issue to fund a speedy expansion of its data center business some strategic countries in Africa. Africaincmag.com reports that “the rights issue included an additional US$40 million from U.K. development finance institution CDC Group Plc, the group said in a […]

myfisensemyfisenseAugust 13, 2020
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4min00
Liberty Global takes over Switzerland’s Sunrise Communications in a $7.4 billion deal. The all-cash $7.43 billion deal will see Liberty Global, set up by U.S. cable pioneer John Malone, pay 110 francs per share for Switzerland’s No. 2 telecoms company, a 32% premium to the company’s average share price over the past 60 days. Sunrise’s […]

myfisensemyfisenseJuly 27, 2020
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2min00
UK-based communications company OneWeb, has secured a US$50 million investment from US-based Hughes Network Systems to steer it away from bankruptcy. Hughes will be joining the UK government and Bharti Enterprises in this consortium. Additionally, Hughes will continue to partner Oneweb in technology and distribution of the Low Earth Orbit (LEO) satellite. President of Hughes Pradman […]

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