Vodacom Group on Monday reported a 10.8% fall in full-year earnings, impacted by start-up losses in Ethiopia.
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Vodafone Germany aims to save around €400-million as part of a restructuring that will hit some 2 000 jobs.
Swisscom has agreed to buy Vodafone Italia for €8-billion and merge the carrier with its own Fastweb business.
The deal will bring AI, digital, enterprise and cloud services to 300 million businesses and consumers in Africa and Europe.
Amazon’s Project Kuiper is an enormous undertaking in an area that has had more bankruptcies than successes.
MTN Group has launched multiple satellite trials across Africa with Starlink, AST SpaceMobile and Lynk Global.
Foreign investor interest in Ethiopia’s telecommunications sector is cooling, sector experts have said.
Vodacom is experimenting with different forms of satellite connectivity but thinks direct to mobile will be most disruptive.
Vodacom Group parent Vodafone Group reported second-quarter sales growth on Tuesday that beat analysts’ estimates.
Vodacom Group reported a 4.2% decline in half-year earnings, impacted by start-up losses in Ethiopia and higher interest rates.