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Moody’s Investors Service has downgraded operator Telkom South Africa in line with the country’s recent sovereign rating downgrade. Telkom said that Moody’s had downgraded its rating to Ba1 from Baa3 with a negative outlook. This follows Moody’s recent decision to downgrade the South African sovereign rating. Telkom’s rating is linked to the sovereign one because...

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Telecommunications service provider Airtel Nigeria has announced a commitment of over $4.9-million towards the fight against COVID-19 in Nigeria, reports The Guardian Nigeria. In a breakdown of the pledged sum, Airtel says that about $500-thousand will go towards the provision of an isolation centre or any required medical facility as deemed appropriate with the health authority...

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Despite various media campaigns over the past few months, Airtel Nigeria ultimately lost more than 100,000 subscribers between December 2019 and January 2020. However, while Airtel Nigeria’s subscriber base dropped, its rivals, Globacom and MTN Nigeria, recorded impressive growth in the total number of their respective active customers. Based on the performance reports for January,...

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Cell C has appointed Simo Mkhize as its new chief commercial officer (CCO) effective from 1 April 2020. Mkhize has worked in the telecommunications industry across a variety of organisations in South Africa, other African countries, and Europe. “His career of 23 years in the Telecoms industry, which includes about 5 years at Cell C...

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Vodacom and Safaricom have completed the acquisition of the M-Pesa brand, product development and support services from Vodafone through a newly-created joint venture. According to a statement released to the media, the transaction – first announced in 2019, will accelerate M-Pesa’s growth in Africa “by giving both Vodacom and Safaricom full control of the M-Pesa...

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Vodacom Group is suing Absa for losses of at least US$64.1-million (R1.2-billion) it claims it incurred due to an alleged unauthorised payment by Absa’s Tanzanian subsidiary from Vodacom’s accounts to that country’s tax agency last year. TechCentral can reveal that the JSE-listed telecommunications group is also demanding that Absa pay it $221.9-million (R4.3-billion) in terms of...