Author: Gugu Lourie
Liquid Telecom, a pan-African telecommunications group, ensured continuity of service to its customers during the recent outages of the SEA-ME-WE 5 and EIG submarine cables. The company operates an intelligent subsea cable system that automatically reroutes network traffic during such outages, thus ensuring service reliability on our resilient architecture. This differentiates Liquid Telecom from other wholesalers that do not have access to similar infrastructure. “With over 57,700 km of submarine cable fibre linking Africa to Europe, the Middle East and Asia, Liquid Telecom’s subsea network is extensive and offers low latency to global destinations. Keeping our customers connected is and has…
Alaris Holdings, South Africa’s antenna specialist, announced on Monday it has acquired UK-based Linwave Technologies. In January, Alaris informed investors that it is in talks to buy a UK firm. The JSE AltX firm, which listed since July 2008, said it has long been on the lookout for opportunities to widen its already substantial footprint. Alaris Holdings Group CEO, Juergen Dresel, has indicated previously that Alaris set out to complement the Group with strong RF/microwave electronics design and RF assembly capabilities. Linwave Technologies fits this strategic requirement like a glove. A share purchase agreement was signed on Friday 26 February, with…
Klarna has become the highest-valued private FinTech in Europe and the second-highest worldwide. The Swedish buy now, pay later behemoth and upstart bank announced on Monday secured $1 billion USD in an equity funding round to accelerate international expansion and further capture global retail growth. The new funding values Klarna at $31 billion at a post-money valuation. The funding was confirmed today by the company in a statement after it was leaked to the media. Klarna enables consumers to shop, pay and bank in a smarter way, designed to fit the lives they lead, not the requirements of the traditional…
MTN Group announced on Monday that its Nigerian operation has attracted 12.2 million new customers in 2020. The telco said it added 12.2 million new subscribers in the year to end-December to reach 76.5 million customers. The company also said active data customers rose by 7.4 million to 32.6 million, supported by growth in gross connections and expanding its 4G network. Data traffic rose by 126.5% and average usage by 64%. The company said it added 8.2 million new smartphones to its network, bringing its smartphone penetration to 45.9% versus 41.9% in 2019. “Our performance demonstrates the strong operational and…
Telkom today unveiled the March Big Deal, which is data-packed and here to save you big bucks. The SmartBroadBand 20GB Wireless LTE SIM-Only March big deal offer with 80GB of data is available for R199 a month. The Telkom March Big Deal deal includes the following: 20GB Anytime data 20GB Night Surfer data Plus 20GB Anytime data 20GB extra Night Surfer data Huawei or D-Link router for an extra R70 Out of bundle rate for data: 30c per MB R99 Once-off activation fee Why the March Big Deal? Enjoy the convenience of connecting instantly, anywhere and at any time No landline…
Convergence Partners, a leading tech investor in Africa, will buy 100% of Ctrack’s operations in Africa and the Middle East from Nasdaq-listed Inseego Corp for an undisclosed amount. The deal is funded through Convergence Partners Digital Infrastructure Fund (CPDIF), which is its maiden transaction. Ctrack is a telematics software-as-a-service digital infrastructure platform providing fleet management, insurance and weather telematics solutions and asset tracking solutions to its subscribers in Africa and the Middle East. The business’ IoT and data analytics capabilities are a vital component of an emerging sector in Africa. They are a good fit with CPDIF’s strategy of identifying…
In a new report titled the State of Electric Vehicles in South Africa, out of more than 10-million cars on South African roads, only about 1,100 are electric.
The primary mandate of MTC around the management of the broadband network asset is to connect the CoJ and enable smart City, thereby bridging the digital divide.
“We are in discussions in establishing a manufacturing and assembling plant in Africa for Africa.”
South Africa’s Imperial Logistics announced it has acquired an e-commerce solutions company Parcel Ninja for an undisclosed amount. The JSE-listed firm said on Tuesday Parcel Ninja acquisition will provide specialised warehousing and distribution management in e-commerce, direct to consumers and to informal markets. Parcelninja is a specialised warehousing and distribution management business that offers a full suite of warehousing and fulfilment services to South African online shops. Started in 2013 by Justin Drennan, Ryan Drennan, and Terence Murphy, we launched our first commercial services in October 2014. Its three founders are experienced entrepreneurs, starting WantItAll, helping grow Superbalist, which was sold to…