InfraCo
Could Vodacom Unseat Rival MTN After These 2 Massive Acquisitions?
Image sourced from SABC News. Vodacom South Africa has announced two major acquisitions today – the buying of a 55% controlling stake in Vodafone Egypt, the North African country’s largest telecom, and a major move in SA’s local fibre market through a new deal with Vumatel and Dark Fibre Africa (DFA) that will see a co-controlling interest in the hands of Vodacom. Currently the third-largest telecom company in Africa, these two acquisitions better position Vodacom to unseat long-time rival MTN as Africa’s top telecom. The Vodafone Egypt Deal Vodacom Group South Africa is reportedly entering the North Africa market for the first time ever after announcing that it will seek to acquire Vodafone Egypt from Vodafone Group for $2.7-billion. Vodafone Group, a UK-based mega-corp, is the parent com...
Umar Danbatta: NCC remits N362.34 billion to Nigerian government
Fix Africa News Magazine Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof Umar Danbatta, says the commission remitted N362.34 billion into the Consolidated Revenue Fund (CRF) of the Federal Government between 2015 and now. At an interactive session with media managers and news editors at the weekend, he also noted that broadband penetration jumped from six per cent in 2015 to 43.02 per cent by the end of June 2020 leading to 199,307,796 by the end of the first half of 2020. According to him, the N362.34 billion was generated through spectrum fees and operating surplus, which has helped to boost the revenue-generation drive of the current administration. “The amount generated through that singular initiative has brought significant revenue to the government.” Dambatta...
NCC remits N362.34 billion into Nigerian government’s consolidate revenue fund in five years – official
Fix Africa News Magazine The Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date, Prof. Umar Danbatta, Executive Vice Chairman of NCC, has said. Danbatta, who spoke at an interactive session on Friday in Abuja, said that the revenue was realised through spectrum fees and operating surplus, which he noted helped to boost the revenue generation drive of the present administration. Danbatta also said that NCC had continued to collaborate with academics to support the development of the innovative services and life-changing solutions with the use of information and communications technologies to promote indigenous content. “ The Commission has so far released N336.4 million as research grants to the ac...
