Sparkle, the first international service provider in Italy and among the top global operators, and Telecom Namibia, the national telecommunications operator, have signed an agreement for provision of capacity services on the Equiano subsea cable connecting Portugal to South Africa, with the common objective of accelerating Namibia's digital transformation journey.

Read more: Sparkle and Telecom Namibia Partner to Boost Namibia’s Digital Connectivity

VodacomGroup released its annual results for the fiscal year ending 31 March 2024. The highlights of the report include a notable increase in group revenue, reaching R151 billion, marking a 26.4% growth, largely driven by the acquisition of Egypt.

Read more: Vodacom Group Announces Annual Results for Fiscal Year Ending 31 March 2024

Safaricom Ethiopia announced it has received the initial 13 towers from Woda plc., the first local company to manufacture network towers in the country, to enhance and expand its network infrastructure.

Read more: Safaricom Ethiopia Launches a $1.5 billion Investment with its First Locally-Made Telecom Towers

Orange Egypt, the leading provider of integrated telecommunications services, and Huawei, the leading global provider of ICT infrastructure and smart devices, announced a strategic partnership to launch Huawei Cloud services for the first time in the Egyptian market.

Read more: Orange Egypt, Huawei Forge Strategic Partnership

Safaricom has announced a KShs 139.9 billion in its earnings before interest and tax in the period ending March 31st, 2024. At a group level, incorporating the startup costs and investments in Safaricom Ethiopia, the group closed at an EBIT of KES.94.9 billion, a 3.5% growth year on year.

Read more: Safaricom's Earnings Surpass KES140 Billion Milestone

Shareholders of Telkom, a South African service provider, will soon vote on a proposal to sell the company's towers and masts to a group led by private equity firm, Actis. Last month, Telkom South Africa confirmed the sale of its tower unit, Swiftnet, for ZAR 6.75 billion (USD 355 million) to Actis. This move aims to reduce debts and improve the company's financial position.

Read more: Telkom Shareholders Consider Tower and Mast Sale

Safaricom's Ethiopian arm receives a boost as the nation's telecom regulator slashes mobile termination rates (MTR) by a quarter, reducing the cost of connecting its customers' calls with those of rival Ethio Telecom. The Ethiopian Communications Authority (ECA) lowered the rate to 0.23 Ethiopian Birr (Ksh0.54) per minute from ETB0.31 (Ksh0.72) per minute, representing a 25.8 percent decrease.

Read more: Safaricom Benefits from Ethiopia's Reduction in Termination Charges

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