Africa – Page 4
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Weekly BriefingsVodafonewatch Weekly: nip and tuck all part of the plan, as CEO evinces optimism
In-depth analysis of FY23−24 results as Margherita Della Valle attempts to paint rosy picture of shrinking Group. Storm still to come in Germany, but Spanish exit secured, and confidence around UK merger prospects. Significant developments across (re-shaped) footprint include: changing leadership; strategic partnerships; and an M-PESA spin-off update…
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Financial & PerformanceVodacom parries ‘big knocks’ as it battles for growth
Vodacom CEO Joosub focuses on the big picture and promises digital services-driven future growth as macroeconomic headwinds take the gloss off the Group’s FY23-24 performance, and low earnings hit the dividend.
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Financial & PerformanceSafaricom dials down Ethiopia spending plan as loss drags Group profits
FY23–24: Safaricom slashes five-year investment target for Ethiopia, commits to tightened spend to weather challenging macro environment, but remains positive on progress and outlook.
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Strategy & ChangeAmerican Tower eyes US expansion of Power as a Service in efficiencies pursuit amidst M&A hiatus
ATC looks to ship high ROI ‘Power as a Service’ learnings to US market, having proven benefits in Africa, and to transfer US automation credentials to other geographies. Hunt for global efficiencies may also lead to monetisation of sub-scale assets, with focus on operational excellence meaning “nothing compelling” to buy, for now…
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Weekly BriefingsVodafonewatch Weekly: M&A success in Africa; funding milestone in India; Microsoft getting AI-cosy in Paddington
Latest from Vodafone and its ecosystem, including: long-awaited acquisition in Tanzania that looks to be good business for Vodacom; initial answer to funding questions at Vi via Vodafone partner ABG; developments across the Group’s European operations; and more…
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M&AVodacom Tanzania snaps up rival Smile as Saudi investors cut losses
It’s all Smile(s) as Vodacom completes acquisition of small Tanzanian operator with attractive spectrum holding and 4G network presence. Vodacom Tanzania acquired local rival Smile for TZS 68.8bn (£22m/€25m) just two years after Saudi investors spent $235m+ on a rescue deal. The deal delivers access to Smile’s 800MHz and ...
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Public AffairsEnforced M-PESA spinout delayed by Safaricom $575bn tax exposure
Tax complication delaying spinout of transformational and potentially highly valued African mobile-money pioneer; Central Bank Governor keen to make faster progress on resolution, amidst desire to navigate its local dominance. Read more…
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Weekly BriefingsVodafonewatch Weekly: Germany goes into cost-cutting mode, while shareholder Xavier Niel grumbles about Group strategy
Lots of action in Germany this week as Vodafone announced 2,000 job cuts and new efficiency programme and fibre altnets argued the practical and competitive hurdles holding back gigabit broadband deployments. Read the full briefing…
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Weekly BriefingsInfrawatch Weekly: CityFibre asserts Project Gigabit dominance; 1&1 makes more infra deployment promises…
CityFibre grabs five more Project Gigabit contracts; WightFibre extends Gigabit Island coverage in battle against Openreach; 1&1 sets more targets for antenna site deployments; much more…
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Financial & PerformanceVodacom charges past 200 million customer mark
South African group posts positive Q3 numbers, headlined by customer base milestone.
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Weekly BriefingsInfrawatch Weekly: end of the road for Digital 9, OneWeb’s space odyssey troubles continue
Digital 9 decides to wind down; OneWeb misses ‘global’ coverage targets; CityFibre aiming to get more active on M&A; more…
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Weekly BriefingsVodafonewatch Weekly: antitrust and security scrutiny, home and away
Huge week for Vodafone as M&A activity ramps up: Italy leaves Iliad reeling; Spain progresses; UK gets underway; and Emirati investors dodge security scrutiny. Plus, much more around the Group in Europe, Africa, elsewhere…
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Financial & PerformanceSafaricom Ethiopia is yet to get M-PESA up to speed in race with Ethio Telecom
Safaricom Telecommunications Ethiopia hails “great momentum” for M-PESA but its flagship m-money offering remains dwarfed and outpaced by rival Ethio Telecom’s Telebirr, following the latter’s headstart.
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Strategy & ChangeGhana rebrand hits Vodafone’s African presence (and Partner Markets stipend)
As Partner Markets parent sees branding revenue drop, Vodafone Ghana reveals impending rebrand one year after acquisition by Telecel. Read on to find out more…
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Weekly BriefingsVodafonewatch Weekly: another week, another M&A headache
20-plus key updates from around Vodafone and its ecosystem, including: e& stake under scrutiny; Nowo no-go makes for M&A stumble; SpaceMobile gets Vodafone financial boost; Indus points finger at Vi as payments fail to materialise; plus much more in Europe, Africa, further afield…
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Weekly BriefingsVodafonewatch Weekly: Della Valle kickstarts transformation agenda with deals, restructuring
Latest around Vodafone and its ecosystem, including: Vodafone’s Microsoft megadeal; Safaricom’s newest unicorn-scouting initiative; ‘aggressive’ Auto plans; plus Vantage Towers, EU maneuvers, India, North Africa, and New Year exec changes…
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Partnerships & AlliancesVodafone signs ‘bold’ Microsoft deal to further AI, cloud, CX, IoT priorities
Wide-ranging collaboration includes $1.5bn Vodafone investment in co-developed solutions; AI adoption at scale; and embrace of Azure ecosystem. Get the full insight…
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Venturing & InvestmentsSpark: Safaricom freshens venturing model with ecosystem approach
Having achieved mixed results from previous venturing endeavours, Safaricom’s latest startup call aims to provide greater support beyond capital injection.
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Public AffairsRumours linking Safaricom’s M-PESA outage to Kenyan tax agency denied
Kenya Revenue Authority accused of being responsible for M-PESA service disruptions, but labels rumours as “fake news”. Find out more about the allegations and the impact of disruptions…