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1.2b: Banks Seek Probe Of Etisalat’s Management

  The 13 banks involved in Etisalat Nigeria’s $1.2 billion loan are seeking the Federal Government’s intervention to investigate the firm’s management. The banks plan to seek an Economic and Financial Crimes Commission (EFCC) probe of what the company did with the loan. The source alleged that the loans were ...

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Ghana: Airtel, Glo, Expresso face sanctions

Telecommunications networks Airtel, Glo and Expresso will be sanctioned by the communications ministry if they fail to extend services to Adaklu in the Volta region within six months. According to Starr News’ Parliamentary Correspondent, Ibrahim Alhassan, the MP for Adaklu Kwame Agbodza on the floor of Parliament questioned steps being ...

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Smile Telecoms appoints Ahmad Farroukh to its board to lead operations

Smile Telecoms Holdings Ltd (“Smile”) (www.SmileComs.com), a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, is delighted to announce the appointment of Ahmad Farroukh to its Board as Executive Director, Operations, effective 1 May 2017. Ahmad is an experienced telecoms executive with a ...

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Ghana: MTN joins TECNO to unveil Camon CX Maxwel

Maxwell Techie (left), CEO, TECNO Mobile and Asher Khan (right), CMO, MTN unveiling Camon CX TECNO MOBILE Ghana has partnered telecommunications giant MTN to launch its latest smartphone dubbed, ‘Camon CX’ onto the domestic market. Speaking at the launch held at the head office of MTN on Tuesday in Accra, ...

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MTN partners Uber to offer free ride to subcribers

Kofi Agyare, Country Director for Uber Ghana’s leading telecommunications service provider, MTN, has announced a partnership agreement with Uber Ghana to offer free rides for MTN customers. Through this partnership, MTN subscribers will enjoy two free rides with Uber, with each ride capped at GH? 15.00. MTN subscribers will be ...

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Another Drop in Internet Subscriptions; Contracts by 4.7% in January

The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 91.3 million in January, representing a y/y contraction of -4.7%. The figure implies density of 49.3% in a population estimated at 185 million, placing Nigeria well above the African average of around 16% as ...

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Tigo-Airtel merger could cut 10% of MTN’s market share

  Some players in the telecom industry are predicting the biggest telecom operator in the country, MTN, will be the most affected operator following the merger between Airtel and Tigo. Tigo and Airtel officially announced a merger early this month in what some analysts have said will push the company ...

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Uneasy calm at Airtel, tiGO as staff unaware of their fate after merger announcement

Airtel Ghana MD, Lucy Quist may lose her position and Roshi Motman may head the merged entity. There is uneasy calm among staff and some management members of Airtel Ghana and Millicom Ghana, operators of tiGO. This follows the formal announcement of a merger between the two companies in their ...

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MTN targets more than GHC3 billion revenue in 2017

MTN Ghana, the leading telecommunication company in the country has revealed at its annual Stakeholders and Media forum, that the company is intensifying efforts to reach more GHC 3 billion revenue for the 2017 business year. The telecom giant made GHC 2.7 billion revenue in 2016 and paid more than ...

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Abu Dhabi’s Etisalat wants Nigerian debt deal before sells stake -sources

Abu Dhabi Telecoms Group Etisalat may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2 billion loan, but wants the company’s debt restructured before it does so, two sources told Reuters on Monday. Nigeria’s central bank and telecoms regulator on Friday agreed with local banks to pursue ...

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