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Xavier Neil, the French telecom magnate, is seeking financing to acquire the remaining 80% of Latin American telecom group Millicom through his investment vehicle, Atlas. The move was disclosed after media reports surfaced, prompting an official statement from Atlas Investissement. The statement confirmed that Atlas is exploring a cash tender offer for Millicom, aiming for a purchase price of $24 per share.

Major African network operators Orange and Vodacom are reportedly negotiating an infrastructure-sharing agreement, as disclosed by Bloomberg. Sources close to the matter suggest the companies aim to collaborate in overlapping markets, such as Egypt and the Democratic Republic of Congo. This partnership would enhance their coverage and mitigate the need for extensive new infrastructure.

Australia’s Communications and Media Authority has initiated legal proceedings against Optus, the nation’s second-largest telecommunications provider, following a significant data breach in 2022. The ACMA has taken the matter to the Federal Court, accusing Optus of failing to secure its customers’ personal data, thereby breaching the Telecommunications (Interception and Access) Act of 1979.