Telecom
Telkom is Now Offering Small Business Funding Up to R5-Million
Telkom Business has announced today the launch of Telkom Lend, a new service to enable small businesses to apply online for funding and get an answer within 24 hours. Telkom says that Telkom Lend is an end-to-end digital process means no paperwork, no long queues and no waiting for a response from a financial institution. This marks a further fintech option by the South African telecom. “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” says Sibusiso Ngwenya, ME, Telkom Financial Services. “This also means that businesses take control of their payments. With funding offers ranging from R20,000 ($1,200) to R5-million ($300,000) depending on monthly turnover, funding can be paid back ov...
IT Angola Rebrands, Joins the Paratus Fold
Offices of Paratus Angola in Luanda. Angolan telecommunications service provider, Internet Technologies Angola (ITA), has officially changed its name as part of an extensive rebranding and harmonisation process led by its parent company, the pan-African Paratus Group. ITA will, with immediate effect, operate under the name ‘Paratus Angola’. This identity establishes the company within the group’s broader network and pays homage to its Angolan roots from which a 19-year heritage was born. According to the announcement of the company’s rebranding, synergy of ITA’s brand identity with that of the wider Paratus Group is of strategic importance to the company’s overall vision to deliver efficient, affordable network solutions with the end goal of transforming the continent’s digital landscape. ...
Huawei Pays Out $9.65-Billion to Staff
Image sourced from Notebook Check. Chinese multinational tech conglomerate Huawei has paid out dividends totaling $9.65-billion to its current and retired staff in its employee shareholder scheme, the Shanghai Clearing House said. Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week, Reuters reported. The filing that was published on Saturday doesn’t break down the dividends, according to reports. Huawei’s full-year revenue dropped 29% to 636.8 billion yuan ($100-billion) last year due to the sanctions imposed by the US on the company. The company’s net profit jumped by 76% which was mainly because of the sale of its budget-brand smartphone unit Honor. The US imposed trade restrictions on Huawei thr...
Here’s How Much MTN Spent During the ICASA Spectrum Auction
MTN announced on Thursday that it had secured the high-demand spectrum required for its 4G and 5G network expansion drive from the highly anticipated ICASA spectrum auction. ICASA announced that MTN had successfully secured the following spectrum bands: 2 x 10 MHz in 800 MHz – R2,933 billion ($195.7-million) 40 MHz of 2600 MHz – R1,093 billion ($73-million) 40 MHz of 3500 MHz – R1,127 billion ($75.2-million) The Group spent a total of $347-million on securing the spectrum it requires. “This is a significant milestone, not only for MTN and the telecommunication industry at large but also for South Africa’s digital future. Spectrum is the lifeblood of our industry and is key to reliable and extensive connectivity for our customers across the country,” said MTN SA’s CEO, Charles Molapisi. “Ou...
Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa
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MTN Uganda Posts Results, Sees Increased Profits
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Airtel Africa joins FTSE 100
Segun Ogunsanya, CEO, Airtel Africa Today, index manager FTSE Russell announced that Airtel Africa plc will be joining the FTSE 100 on Monday 31 January 2022. Through its mobile telecoms and mobile money services, Airtel Africa plc is transforming lives of over 122 million people across the 14 African markets in which it operates. The Group floated on the London Stock Exchange in June 2019, and has since demonstrated significant growth in its customer base, revenues, profits, margins, and cash generation, as well as strengthening its balance sheet through reduced leverage. The Group continues to execute its growth strategy to deliver on the significant market potential afforded by the demographics and market dynamics across voice, data and mobile money services. We continue to invest in ou...
2022 Telecom infrastructure trends
A new approach to towers, growth of neutral hosts, and an expansion of private networks. Those are three strong trends to consider in telecom infrastructure for next year. This according to Fergal Lawlor, CEO at antenna solutions provider Alpha Wireless. A strong recovery post-pandemic has further accelerated the transition of society moving to digital platforms. As streaming, working from home and Zoom meetings continue to be the new normal, an urban structural transformation also emerges, spreading out housing and work to smaller cities, peripheral suburbs, and rural areas. Post-covid, trillions of dollars are now being invested in connecting this new society through digital infrastructure. This in turn has created a strong pressure for change in the telecom infrastructure, a...
Why Pay as You Go (PayG) Is Important for Telecom Operators?
The Pay-as-you-go (PayG) finance system has been around for quite some time, but its impact on device financing is relatively recent. As all businesses and most of the crucial operations even in our day-to-day lives rely heavily on technology, everyone desires to own their personal devices, especially smartphones. But with the soaring prices of the latest devices, apart from the elite few, the majority of people need to rethink their finances before taking a direct plunge into paying upfront costs of devices.What is Pay-as-you-go? Pay-as-you-go is a consumption-based cost model that allows the user to pay only for the services and usage that the user has consumed, contradictory to the traditional purchase model that requires the user to pay total upfront costs at once.While a certain popul...
WhatsApp delays data sharing change after backlash
WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal. The smartphone app, a huge hit across the world, cancelled its February 8 deadline for accepting an update to its terms concerning sharing data with Facebook, saying it would use the pause to clear up misinformation around privacy and security. “We’ve heard from so many people how much confusion there is around our recent update,” WhatsApp said in a blog post. “This update does not expand our ability to share data with Facebook.” It said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.” The update concerns how merchants using WhatsApp to cha...
SIM-based Locking: How Telcos Can Reinvent Their Device Financing with NuovoPay
Device financing has been a catalyst in increasing the penetration of smartphones across developed countries. Several telecom carriers have taken the plunge into device financing in recent times, also bringing into focus the previously underserved markets of smartphone financing- in the African, LATAM and APAC regions. Traditionally, the smartphone financing model, especially the one that comes pre-bundled with a telecom service is a win-win for both the consumer as well as the telecom companies. With device financing, individual consumers as well as businesses can leverage the latest technology at their disposal, have an easy upgrade, pay lower total upfront costs and get a telecom service, with voice and data packages. For telecom carriers, smartphone financing enables tapping into...
NSCDC partners youths to protect critical infrastructure in Akwa Ibom
The Akwa Ibom Command of the Nigeria Security and Civil Defence Corps (NSCDC), says it will collaborate with youth leaders across the state to ensure adequate protection of critical government infrastructure. The State Commandant of NSCDC, Mr Samuel Fadeyi, said this while answering questions from newsmen on Tuesday in Uyo. Fadeyi said that, in view of the current #EndSARS protests in some parts of the country, the command has deployed all its personnel to critical government infrastructure in the state. He said the development is to ensure that hoodlums that have hijacked the protests do not loot, vandalise or destroy the infrastructure. Fadeyi said the command has urged the youth to see government infrastructure as belonging to them and should promptly provide information on any planned ...
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