2Africa Consortium announces new cable branches

SUB-SAHARAN AFRICA – The 2Africa consortium, comprising of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company, Telecom Egypt, Vodafone and WIOCC, has announced the addition of four new branches to the 2Africa cable. The branches will extend 2Africa’s connectivity to Seychelles, the Comoros Islands, and Angola, and bring a new landing to south-east Nigeria. The new branches join the recently announced extension to the Canary Islands. 2Africa, which will be the largest subsea cable project in the world, will deliver faster, more reliable internet service to each country…

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Vodafone to sell its 55% shareholding in its Egyptian subsidiary to Saudi Telecom Company

Vodafone extends zero charge on mobile money transfers

EGYPT – Vodafone, a British multinational telecommunications company, has sold its 55% sharehoding in Vodafone Egypt to Saudi Telecom Company on a US$2.4 billion agreement after a series of missed deadlines to complete the deal. STC, the kingdom’s biggest telecom operator, had struck a preliminary deal in January with the London-listed telecoms company to buy the stake as it sought growth in the Arab world’s most populous nation. Vodafone had said in September that it remained in talks to finalise the deal in the near future despite the expiry of…

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