Indian mobile phone operator Bharti Airtel has signed a contract with China's Huawei Technologies to modernise and expand its 2G and 3G networks in Africa, the Economic Times reported. Huawei will deploy its complete GSM and 3G product portfolio, with GSM and HSPA technologies, which will further be equipped and prepared for Long Term Evolution (LTE), the newspaper said citing a statement from Bharti Airtel. In 2010, Bharti Airtel agreed to pay USD 9bn to acquire the African operations of Kuwaiti telecom group Zain. At the time of the acquisition, Zain Africa had operations in 15 countries across the continent with 42mn subscribers and annual revenue of USD 3.6bn. Bharti Airtel had over 223mn customers across its operations at the end of April 2011. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more