Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
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Image by Chaitawat Pawapoowadon, Pixabay. According to CableLabs, the organisation that created the standards for the Hybrid Fibre Copper (HFC) network used by all cable operators, networks need to use significantly more fibre and far less copper moving forward. CableLabs suggests that in the future, the ultimate cable network will not have any copper in it, except within the home or office. This is as reported in a blog entry by ProLabs, a global leader in optical networking infrastructure, which is focused on innovations in optical transport and connectivity. ProLabs is distributed in sub-Saharan Africa by Networks Unlimited and its solutions are used to enable copper and fibre connectivity for data centre and telecommunications projects in the ICT industry. “In countries where the theft...