Angola Cables and TM Global offer new route from South America to Asia via Africa
17 September 2019
Angola Cables and TM Global, the wholesale arm of Telekom Malaysia Berhard, have unveiled a successful Proof of Concept (PoC) for a new cable route running from South America to Asia via Africa.
Early PoC results showed a reduction in the latency reading compared with exisiting northern hemisphere routings. If successful, it could lead to significant improvements in global internet routing quality, especially for data connectivity services to the southern hemisphere.Find out more
America Movil posts solid growth
09 September 2019
Mexican operator America Movil reported healthy profit growth in the second quarter, boosted by a strong mobile performance in its home market and Brazil, along with a decline in financial costs.
Controlled by tycoon Carlos Slim, the business posted net income of Mex$14.1bn (US$738.9m) up significantly from Mex$435m year-on-year.
However, revenue declined 2.7% to Mex$250bn, which the company said was because of gains in the Mexican peso against other currencies, including those in Latin America.Find out more
05 September 2019
South-African telecom firm Vodacom, the African unit of British giant Vodafone, is selling operations in Angola, Zambia, Côte d’Ivoire, Nigeria and Ghana.
In Angola, the company said it plans to divest its Business Africa unit to Internet Technologies Angola (ITA).
However, it did not disclose any financial details and the agreement is subject to approval from market regulatory authorities.
In Zambia, Côte d’Ivoire and Nigeria, operations will be sold to Synergy Communications while operations in Ghana will be absorbed internally by Vodafone Ghana.Find out more
05 September 2019
Global consumer internet business Naspers has created a new chief executive officer (CEO) role for its South African operations and given it to Phuthi Mahanyele-Dabengwa.
In a statement, Naspers said she will report directly to group chief executive Bob van Dijk and will be based in Johannesburg where she will lead the group’s day-to-day business.
Mahanyele-Dabengwa will also be responsible for the new units, Naspers Foundry and Naspers Labs.
Launched at the South Africa Investment Conference in October 2018, the former is a R1.4bn start-up fund aimed at boosting the South African technology sector. In addition, it will help talented and ambitious South African technology entrepreneurs develop and grow their businesses.Find out more