In a significant move, Airtel Africa has announced plans for its Uganda branch to list on the Ugandan Securities Exchange (USE). Some 20% of the company’s shares, amounting to roughly 8 billion, will be offered publicly. This strategy, aimed at boosting local ownership, coincides with a government directive and is expected to underscore the growth of capital markets. However, the final say lies with the Ugandan Capital Markets Authority…
Amid declining telco capital expenditures impacting vendor profits, private cellular networking shines as a beacon of hope. Recent research reveals a significant 60% YoY increase in Q2 revenues for private cellular networking equipment, offering new revenue streams for industry giants like Ericsson and Nokia. However, with greater benefits come complex challenges that, if overcome, could potentially catapult the market worth to a substantial $7.7 billion by 2027.
Unveiling a fresh milestone, the UAE’s TDRA has concluded phase two of its 5G Advanced trials, achieving a staggering 10 Gbps speed. This development, achieved in collaboration with operators e& and du, utilized the full potential of the 400 MHz bandwidth in the 6 GHz band. This accelerates the data transfer rate, vastly enhancing capacities for IoT, smart city projects, and metaverse evolution.
With BT Group’s current CEO Philip Jansen’s departure on the horizon, the telecommunications industry is abuzz as Telia’s top-notch leader Allison Kirkby is slated to step into his shoes in 2024. Equipped with a celebrated career within the telecom sector and experience as a non-executive director at BT since 2019, Kirkby’s ascension is anxiously anticipated.
Cellnex, the Spanish infrastructure giant, is rumored to be considering a sale of a minority stake in its Nordic operations, specifically Sweden and Denmark. With nearly €1 billion at stake, this move aligns with earlier sentiments expressed by CEO Marco Patuano. Combining this potential sale with recent acquisitions, loan procurements and collaborations, Cellnex aims to streamline its operations, tackle its massive debts and redefine its strategy for the European tower infrastructure market. Let’s delve deeper into the winding paths and potential outcomes at the upcoming Total Telecom Congress.
T-Mobile’s fruitful Q2 performance exhibits impressive growth with an increase of 760,000 postpaid phone customers and 509,000 Fixed Wireless Access home Internet customers. On the financial front, a 2.8% YoY service revenue hike pushed their accounts to $15.7 billion, despite a minor 2.6% dip in overall revenue. The telecom giant further asserted its prowess with a record low postpaid churn of 0.77%, prompting an upward revision of its yearly customer addition expectations.
Unveiling the turbulence in UK’s telecommunications landscape, Virgin Media O2 (VMO2) unfolds its significant workforce reduction strategy. This controversial move, intertwined with dwindling customer base and towering debts, sets a profound impact on the telecom titan’s ascension in the telecom market. Yet, amidst customer attrition, VMO2’s sturdy quarter reports defied setbacks leveraging raised prices, raising critical discussions within the industry.
Samsung is set to make waves in the tech world once again as it gears up for its second Unpacked event of the year. The event, scheduled for Wednesday, July 26, at 7 AM ET, will be held in Seoul, Korea, in a notable departure from its usual venues in San Francisco and New York where Unpacked has taken place in the past.
The enigmatic billionaire Patrick Drahi is reportedly considering a bold move to hit an astounding 29.9% stake in UK’s telecom titan, BT, which naturally raises eyebrows and fuels speculation. Tracing Drahi’s relationship with BT, it started just last year with a humble 12.1% stake acquisition. Despite BT’s cautious response, Altice, Drahi’s representative, remained adamant about any takeover intentions. Today, a quarter of BT already belongs to Drahi, drawing closer government scrutiny under the freshly enacted National Security & Investment Act.
Vodafone’s first quarter saw a slightly stable 3.7% growth in service revenue, boosted by outcomes in the UK, Italy, and Germany, despite the pandemic-triggered disconnections. On the contrary, Germany experienced a 1.3% dip in service revenue, which however marks an improvement from the earlier quarter’s 2.8% decline, hinting at progress. The recovery was thanks to a strategic increase in broadband prices. In Italy, the revenue plunge decelerated from 2.7% in the fourth quarter to 1.6%, thanks to mobile prepaid base stabilization and noteworthy expansion in corporate fixed-line operations.
