MTN South Africa and ZTE Corporation have pioneered Africa’s first 5G maritime coverage near Mossel Bay. This leap in ocean-based connectivity promises to revolutionize tourism, fisheries, and the maritime economy while supporting ecological preservation. With over 210Mbps throughput 22 km offshore, 5G will enhance shipping, fishing, marine research, and rescue operations.
Nigeria’s mobile market experiences a significant shift as the NCC allocates 25 MVNO licenses, driving competition and expanding service offerings. This move aims to improve connectivity in rural areas and transform the African telecoms ecosystem in 2023.
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…
