Powered by the convergence of 5G and industry 4.0, the smart enterprise of the future is now here. The critical performance boost of 5G enables critical smart systems to share and respond to information faster than ever, permitting industrial enterprises to digitise and automate their infrastructures with confidence. 5G offers a unique and valuable set of capabilities that, unlike any previous or current mobile technology, enable and expand the implementation of transformative technologies for organisations, including industrial enterprises. The value of 5G encompasses enhanced bandwidth, ultra-high reliability, low latency, high positioning precision, and native support for machine communications that organisations across a wide range of verticals, including manufacturing, logis...
MTN Ghana has revealed its results for the quarter ended 31 March. The telco’s subscriberbase grew by 0.6 million to 25.0 million, as it improved its network and customerexperience. Continued demand for data and increased adoption of more digital payment services supported the active data subscribers’ growth of 0.4 million to reach 11.2 million and MoMo users growth of 0.1 million to reach 10.7 million. Most notably, MTN Ghana revealed that it would spend around $149 million in total CAPEX in the year to meet the heightened need for reliable and resilient voice, data and digital services. “We remain in line with our medium-term target to improve our margins and prudently manage our costs. EBITDA grew by 24.6%, with a corresponding margin expansion of 1.2 percentage points to 54.6%. Th...
Sourced from Tech Weez. Safaricom has introduced updates to its airtime top-up, sim swap, tariff migration and activation of new lines services. The updates are expected to increase the telco’s capacity for future innovations. In a tweet, Safaricom says that M-Pesa, calls, data and SMS will all be operational. Customer Notice on Service Upgrade for Saturday 24th April 2021. pic.twitter.com/NCo9j9PUGQ — Safaricom PLC (@SafaricomPLC) April 23, 2021 Safaricom Forced to Split Dividend Payouts by CBK The Central Bank of Kenya (CBK) has pressured Safaricom into dividing its dividend payouts in order to “shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors”, reports Business Daily. Kenya’s local currency has faced immense pressure...
Millicom has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Once closed, the transactions will complete Millicom’s multi-year plan to divest its African operations and focus on its Latin American markets. In Tanzania, Millicom has agreed to sell its entire operations to a consortium led by Axian, a pan-African group that was part of the consortium that acquired Millicom’s operations in Senegal in 2018. In Ghana, Millicom along with its joint venture partner, Bharti Airtel Limited, have signed a definitive agreement for the transfer of AirtelTigo to the Government of Ghana. Millicom will take a $25 million charge as a result of this agreement. “Today Tigo is a leading provider of broadband services to consumers, busin...