Broadband Infraco and Telkom merger highly likely

State-owned company Broadband Infraco supports the government’s plan to merge it with Telkom, and believes it should receive state assistance as soon as possible to prevent further erosion of its value.

 

Broadband Infraco’s corporate plan for 2016-21 and its integrated report for the 2014-15 financial year that have been tabled in Parliament, make it clear its executives believe it is preferable for the company to be acquired as a going concern to preserve its value and assets.

Competition Rules ‘Come with Headaches’

 

ONCE-off interventions such as punitive fines levied by competition authorities to correct anticompetitive behaviour have limitations, even in smaller developing African markets, delegates at Bowman Gilfillan’s annual Africa Competition Law Conference heard on Friday.

The gathering came in the same month that a World Bank economic update for South African noted that increased competition could spur economic growth and innovation.

Etisalat’s Prize for Literature 2015: Top Stories For the Flash Fiction Category Announced

After months of several interesting entry submissions and countless number of votes, Nigeria’s fastest growing telecommunications network, Etisalat has officially released successful entries that made the longlist for the 2015 edition of the Etisalat Prize for Literature Flash Fiction Category.

 

Out of over a thousand entries that were received between the 9th November 2015 and the 25th November 2015, the books that made the list include; Above Board, Zebra Crossing, Satan Be Gone, 3x, Blood on The Bench, The Time in Her Name, Human, Ole, Blood on The Soil, On Duty, The Surrogate, The Stoning of The Prophet, Para-Dise, Funke, He Was A Threat, Fetters in Love, Ìdànrè, August Meeting, Tears Salvation, Why I Broke The Gramophone, In the Act, True Beauty, Madness In Degrees, Free at Last, What a Day Offers and My Father.

N600bn Broadband income Entangled in Telecoms Structural Frailties

Structural frailties in Nigeria’s telecommunications industry are causing the nation huge economic losses, especially amidst government’s failure to properly implement the National Broadband Plan (NBP).

The broadband plan is expected to facilitate nationwide deployment of metropolitan and backbone networks on an open access, non-discriminatory basis.

Globacom tables $600m for Ivorian telco in regional expansion push

Competition in West Africa’s telecommunications market is expected to intensify following plans by Globacom, Nigeria’s national carrier, to acquire Ivorian mobile operator, Comium Cote d’Ivoire, in a $600 million deal, informed sources have said.

Globacom, owned by business magnate, Mike Adenuga, is embarking on a regional expansion push as the telecoms company pushes to wrest control off  its closest rivals, South African based duo of  MTN, Vodacom, and India’s Bharti Airtel.