MTN Considers Axian Telecom Bid MTN is considering a bid from Axian Telecom for its operating units in West Africa, specifically Guinea-Bissau, Guinea-Conakry, and Liberia. The potential deal is aligned with MTN’s ongoing efforts to reshape its portfolio, and the three units collectively account for 6.1 million of MTN’s customers and contributed to 0.7% of EBITDA. MTN’s first quarter financial results reported an 8.6% EBITDA growth and revenues of ZAR52.8 billion ($2.8 billion), a 15.6% YoY increase. With discussions with Axian Telecom still at an early stage, any announcement on a final agreement might not be expected soon. Read the full article. Deutsche Telekom Sees Q1 Success Deutsche Telekom (DT) has raised its earnings guidance for 2023 to around €40.9bn, up from its previous forecast of €40.8bn. This follows strong Q1 results, with the group’s US business T-Mobile US a key driver behind the raised forecast, having recently raised its…
Latest Posts:
- Darryll Dewan Unveils Top Data Center Trends for 2024
- A quick roundup of the news in Telecoms | Week #16
- Fujitsu and Oracle Collaborate on Sovereign Cloud and AI Solutions
- Comcast Expands Now Brand to Address Connectivity Needs Post-Affordable Connectivity Program Closure
- LogRhythm’s RhythmWorld Europe Cybersecurity Summit Returns to Share Strategies for Cyber Resilience and Mitigating Future Threats
- Balancing Market Unity and Diverse Telecom Opportunities in EU
- Bharti Airtel, Dialog Axiata Merger: Impact on Sri Lanka’s Telecom Landscape
- NBN Achieves Groundbreaking Speeds with 100G PON Technology
- Smartphone Market Poised for Rapid Growth with Rise of GenAI Capabilities
Tag