MTN to sell its South Africa cellphone towers to IHS in a US$413.5m deal

SOUTH AFRICA – MTN South Africa has reached an agreement to sell its cellphone towers to IHS Towers for R6.4 billion (US$413.5 million), in a transaction that would help bolster the company’s arsenal for the anticipated auction of spectrum. MTN is selling and will lease back, 5,709 of its towers in South Africa, which include some 4 000 “greenfield” and 1,700 rooftop sites. The telco will also outsource power and related services. “Proceeds will be reinvested into strategic growth initiatives, such as securing high demand spectrum frequencies, and providing MTN…

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Vodacom acquires stake in Vumatel and Dark Fibre Africa

SOUTH AFRICA – Vodacom Group says it has agreed on terms to acquire a strategic stake in Community Investment Ventures Holdings’ fibre assets to boost its fibre business, reports Businesstech. Vodacom Group will hold a co-controlling 30% equity interest in a newly formed InfraCo entity into which all of the material assets currently owned by Dark Fibre Africa (DFA) and Vumatel will be transferred in addition to certain Vodacom owned fibre assets. The mobile operator said it has an option to acquire an additional 10% stake in InfraCo to 40%.…

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Vodacom to acquire Vodafone Egypt for US$2.7b

EGYPT – Vodacom Group is has announced that it will acquire Vodafone Egypt from parent Vodafone Group for US$2.71 billion, marking its entry into North Africa for the first time. The telco said the proposed transaction “provides a unique opportunity” to accelerate its growth. The group will acquire the controlling stake in Vodafone Egypt subject to regulatory and shareholder approvals and it will fund the acquisition of the 55% stake in Vodafone Egypt by issuing 242 million new ordinary shares at US$9.12/share and US$542 million in cash. “This values the proposed…

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Telkom Kenya ramps up 4G rollout in push for more market share

KENYA – Telkom Kenya will increase its 4G network sites by more than four times to 2,590 over the next two years as the telecoms operator prepares to battle other competitors for a larger share of the fast-growing data business. The firm plans 2,000 new 4G sites at a cost of US$100 million in an upgrade done in partnership with Swedish-based infrastructure provider, Ericsson, and South Africa- based systems integrator NEC XON. The investment is expected to increase the firm’s internet speed service and propel the firm’s capacity to gain…

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Oracle and Orange partner to strengthen digital infrastructure in West Africa

WEST AFRICA – Oracle and Orange have signed a collaboration agreement as part of a joint plan to accelerate cloud-led digital transformation in West Africa. Under the agreement, the two companies will assess plans to build Oracle Cloud regions, using Orange’s infrastructure in Senegal and Ivory Coast as this aligns with a common objective of ensuring that all customer data is hosted locally, providing customers with cloud services that meet their data latency and performance requirements. The companies also announced plans to jointly offer cloud services for enterprises and public sector…

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Digital Realty and Remgro in joint venture to acquire Medallion Data Centres, Nigeria

NIGERIA – Digital Realty, the global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Pembani Remgro Infrastructure Fund have announced the formation of a joint venture to acquire Medallion Data Centres, Nigeria’s colocation and interconnection provider. Medallion operates two data centers, one in Lagos, the most populous urban metropolitan area in Africa with approximately 15 million people, and one in Abuja, the capital of Nigeria.  Medallion’s Lagos data center is the leading connectivity hub in Western Africa with over 70 carriers and internet service providers, over…

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Liquid and Orange partner to expand network reach across Africa

AFRICA – Liquid Intelligent Technologies and Orange have announced a new partnership to leverage each other’s existing networks in Africa, allowing them even greater access and opportunity to build their businesses throughout the continent. This partnership will give Liquid access to Orange’s extensive network in West Africa, including the new Djoliba network. Likewise, it will give Orange access to Liquid’s pan-African network and as a result, the two organizations will offer end-to-end high-speed connectivity and services across their networks, allowing existing and new customers in over 20 African countries greater…

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Seacom acquires Hirani Telecom’s metro fibre network

KENYA – Pan-African telecommunications services provider Seacom has completed the 100% acquisition of Hirani Telecom’s metro fibre network. The network will be incorporated into Seacom’s existing metro network in Nairobi, Kenya, and will be under its full control. According to Seacom, Hirani Telecom is one of Kenya’s fastest-growing triple-play service providers and the largest last-mile provider in the region. It says the acquisition is part of Seacom’s ongoing strategy in the region to grow its on-net capabilities and provide its enterprise customers with world-class connectivity. Steve Briggs, Seacom’s chief sales and marketing…

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Raxio Group expands its Africa footprint with Ivory Coast’s first carrier-neutral data center

IVORY COAST – Raxio Group, a pan-African data centre developer and operator, has invested in the first carrier-neutral Tier III data centre in Ivory Coast as it looks to expand its African footprint. The data centre developer and operator has revealed it will invest in ‘Raxio Abidjan’, which will be the latest facility of Raxio’s expanding network across Africa.  Earlier this year 2021, Raxio moved into Mozambique as part of its expansion and will now extend this to Ivory Coast with the development of the new data centre. Raxio Abidjan is being…

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MTN to invest US$218m Series II Bond proceeds in network expansion

NIGERIA – Following approval from the Securities and Exchange Commission (SEC), MTN Nigeria has launched the book build in respect of the Series II 10-Year Fixed Rate Bond (Series II Bond) and have concluded plans to invest the proceeds from the book launch, which amounts to US$219 million in its network expansion drive, reports This Day. The telco had successfully raised US$268.2 million through the Series I bond in May 2021 and is set to raise US$487.6 million through Series II. This is just as the company has revealed that…

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