Another company has again acquired a majority stake in Emerging Markets Telecommunication Services Limited, the parent company of 9mobile. In 2018, Teleology holdings limited completed the payment of $351 million, bided to take over ownership of the debt-ridden 9mobile telecommunications. Recently, the company was involved in a scandal indebtedness of N55bn to Keystone Bank. The […]
Read MoreAhead of the planned #EndBadGovernance nationwide protest in August, human rights lawyer Ebun-Olu Adegboruwa has asked the Nigerian Communications Commission (NCC) to probe telecommunication operators’ alleged disconnection of subscribers. In a statement on Sunday, the Senior Advocate of Nigeria warned that telcos should not attempt to sabotage the forthcoming protest against economic hardship in Nigeria […]
Read MoreThe substantial increase in fuel prices and the lower contribution of Nigeria to the Group after the naira devaluation contributed to a decline in EBITDA margins to 45.3% from 49.5% in Q1’24 and 46.5% in Q4’24. Latest report released today revealed constant currency EBITDA increased 11.3% whilst reported currency EBITDA declined by 23.3% to $523 […]
Read MoreAMA PRESS RELEASE The African telecommunications market has seen significant consolidation over the past decade, characterised by mergers, acquisitions, and closures such as Telecel’s acquisition of MTN’s operations in Guinea-Bissau and Guinea Conakry; as well as its acquisition of Vodafone Ghana. According to Robert van Breukelen, CEO of Itemate Solutions, this comes as mobile financial […]
Read MoreA new report of the International Telecommunications Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards G5 – advanced state of readiness for digital transformation known as G5 with Germany, Finland and Singapore leading the global chart. In the report conducted by the ITU, and […]
Read MoreThe Federal Competition and Consumer Protection Commission (FCCPC), has said that the $200 million fine against Meta Platforms Inc. and WhatsApp LLC was based on discriminatory practices and sanctionable offences committed. The acting Executive Vice Chairman of the Commission, Dr Adamu Abdullahi, said this at a news conference in Abuja, the Nigerian capital city. He […]
Read MoreTECNO and Kick Off Game-Changing Football Pitch Initiative… TECNO has signed a Memorandum of Understanding (MOU) with the Lagos State Sports Commission, to kickstart a project aimed at refurbishing a local football pitch in Lagos. This signing marks the beginning of TECNO’s commitment to transforming underutilised fields into state-of-the-art training centres, nurturing raw talent into […]
Read MoreExecutive Commissioner (Stakeholder Management) of the Nigerian Communications Commission. Rimini Haraya Makama is a Forbes 20 Youngest Power Women Under 40 in Africa list A native of Plateau State, Rimini Makama was nominated as an Executive Commissioner of the Nigerian Communications Commission (NCC) by President Bola Tinubu, on the 23rd of February 2024, and confirmed by […]
Read MoreGlobal Value of Cross-border Instant Payments to Rise from $5 Trillion in 2024, to $17 Trillion in 2028… Just by connecting national instant payment schemes, the cross-border instant payment market will increase by 223% globally by 2028; resulting in a 29% share of all global instant payment transactions by 2028. This change will be driven […]
Read MoreVertiv, ZincFive to Deliver Safe Battery for Data Centre… Vertiv , a global provider of critical digital infrastructure and continuity solutions, and ZincFive, the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, today announced that Vertiv will add the ZincFive BC Series uninterruptible power supply (UPS) Battery Cabinets to its portfolio of battery systems available for […]
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