Telkom names new CFO and COO

14 September 2021

Telkom Kenya has named Allan Wainaina as chief financial officer (CFO) and Kosi Ali as chief operations officer (COO).

The former joins from the Java House Group (JHG), where he was CFO, responsible for its financial management, including its subsidiaries in Uganda, Rwanda,and Nigeria. Prior to that, Wainaina worked for the British American Tobacco Group.

Asi joins with over 25 years of experience from the telecommunications sector. One of his major roles was as vice president at international European vendors Marconi and Ericsson.

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Etisalat acquires additional stake in Maroc Telecom

10 September 2021

Etisalat increased its ownership in Etisalat Investment North Africa (EINA) to 100% by acquiring the Abu Dhabi Fund for Development’s 8.7% stake in EINA, boosting its effective ownership in Maroc Telecom Group to 53% from 48.4%.

The acquisition cost of about US$505m is subject to change according to prevailing market conditions such as foreign exchange rates prior to the transaction completion, Etisalat said. The investment will be funded through bank loans.

 

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Libya uses Infinera to improve telecom sector

10 September 2021

State-owned operator Hatif Libya, a subsidiary of the Libyan Telecommunication Holding Company (LPTIC), has inked a deal to improve its fibre-optic network with US-based company Infinera.

Under the terms of the deal, the multi-million US$ project will provide access to the internet and mobile services in areas not reached previously by the network and improve the quality and reliability of services for all customers.

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MTN walks away from Ethiopia

10 September 2021

MTN Group has pulled the plug on its attempt to secure an operating licence in Ethiopia as it recorded a major drop in net profit for the first half of the year (H1).

The South Africa-based operator declared it would not participate in the Horn of Africa nation’s latest tender to find a second new entrant, having had its initial bid rejected in May.

Following its initial failure to secure a licence, MTN chief executive officer Ralph Mupita indicated the company would consider another attempt if licence terms were tweaked to include mobile money.

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