Telecoms finance

Orange attributes a network failure to a software failure – audit

A woman walks past the logo of French telecommunications operator Orange at the company’s headquarters in Issy-les-Moulineaux near Paris, France, June 3, 2021. REUTERS / Gonzalo Fuentes / File Photo Orange (ORAN.PA), France’s largest telecommunications operator, said on Friday that a software failure caused the network to go down, which …

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Crypto ranked as riskiest business

This article is an on-site version of our #techFT newsletter. Register now here to receive the complete newsletter directly to your inbox every day of the week Managing cryptocurrencies is the riskiest business, according to the world’s most powerful banking standard-setter. As action to regulate the market accelerates, the Basel …

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French telecoms giant takes 12% stake in BT

(BT) One of Europe’s largest broadband companies stunned the industry by spending £ 2 billion on a 12.1% stake in BT. Altice UK, which is part of France’s second largest telecommunications giant, Altice, has built up its huge stake over the past two days and met with the CEO and …

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Africa Finance Corporation tops 30 member states with the accession of Burkina Faso, DRC and Morocco

Lagos, Nigeria – (COMMERCIAL THREAD) – In an important step for its Pan-African mission, Africa Finance Corporation, one of the region’s largest investors in infrastructure development, announces today that it has passed the 30 member states, representing more than the half of the continent. Membership of Burkina Faso, the Democratic …

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Kenyan President urges Ethiopia to open up mobile money market

By Giulia Paravicini ADDIS ABABA (Reuters) – Kenyan President Uhuru Kenyatta on Tuesday urged Ethiopia to open up its telecommunications sector to private mobile money investors, a move that would complement a process already underway to reform the sector and attract foreign investment . Ethiopia is opening up its telecommunications …

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Aoun Approves $ 197 Million Exceptional Loan To Avoid Blackout

Its approval came days before the country experienced a total blackout. Electricity rationing hours in various regions reached minimum levels on Monday morning, with supply in some areas no longer exceeding half an hour a day, and public protests escalated after generator owners increased their service rates so that the …

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Has the Mobile World Congress been fatally disrupted by the Covid-19?

When asked to name the biggest challenge of being a statesman, a British Prime Minister wisely replied: “Events, my dear, events. I think Harold Macmillan would have needed all of his pragmatism, his imperturbability and his wit for the Mobile World Congress (MWC) in June. You’d think a trip to …

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Morgan Stanley hires ex-BofA Rizzo banker to boost European client push – sources – Global Banking & Finance Review

By Pamela Barbaglia LONDON (Reuters) – Morgan Stanley has hired former Bank of America banker Luigi Rizzo for a new customer relations role, overseeing a campaign to win business with a wide range of companies in Europe, in the Middle East and Africa (EMEA), sources close to the movement told …

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Twitter restricted in Nigeria after government decree

Nigerian telecoms operators restricted Twitter on Saturday, the day after the government announced its indefinite suspension for activities “likely to undermine the existence of Nigerien businesses.” International human rights groups have already condemned this decision. The suspension in Africa’s most populous country came two days after the social media giant …

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