Telecoms finance

Telecommunications companies demand tax cuts

BY COMMERCIAL REPORTERCALLS are growing for the government to revise the taxes and duties levied on the telecommunications sector to enable the sector to overcome the sustainability challenges it faces. It comes after the parliamentary ICT portfolio committee, which visited Econet Wireless’ facilities in Harare this week, learned of the …

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Kenya’s Safaricom Boosts Profits With Return Of Mobile Money Fees

(Bloomberg) – Bloomberg’s Most Read Safaricom Plc’s first-half profit surged as the company reinstated fees on mobile money transfers and its customer base increased, chief executive Peter Ndegwa told investors on Wednesday. Africa’s second-largest company by market value said its net income increased 12% to 37.1 billion shillings ($ 332 …

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Granahan McCourt sells his stake in Sports Media Business Dugout

Media investor and Emmy Award winner David McCourt has helped grow “the only company to rethink sports content” NEW YORK, November 8, 2021 / PRNewswire / – Capital Granahan McCourt, global investors in technology, media and telecommunications, today announced a successful exit from the sports media sector Canoe. Granahan McCourt …

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African fintechs compete for domination

November 6, 2021 TIT PAYMENTS the frenzy is going global and Africa is catching the virus. So far this year, four of the continent’s FinTech companies have reached or surpassed valuations of $ 1 billion, more than doubling Africa’s “unicorn” population. OPay, a mobile payment company, acquired its horn in …

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Transaction Spotlight: James Cowper Kreston Corporate Finance advises AIT on its sale to Convergence Group | Blogs

Convergence Group, a telecommunications provider for businesses, health authorities and retailers, has acquired AIT, a connectivity and security services operator based in Reading as part of its strategy to expand across the UK. AIT provides agile managed services that support corporate networks, with a focus on wireless, cyber threat detection …

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EHT Reports Positive Third Quarter 2021 Results Resulting from Full Restructuring and Acquisition of Windular

NIAGARA FALLS, ON / ACCESSWIRE / November 2, 2021 / EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”), a global leader in solar and wind renewable energy technologies, is pleased to present its third quarter financial results for the period ended August 31, 2021 (“Q3, 2021”). EHT wishes …

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Telecommunications sector essential for financial inclusion, according to Zenith Bank MD

Posted November 1, 2021 Group CEO Zenith Bank Plc Mr. Ebenezer Onyeagwu says telecommunications are key to increasing the number of people with access to financial services. He revealed it during the 20th anniversary of the telecommunications revolution in Nigeria. According to him, without the telecoms sector, the progress of …

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Tech giants defend their measures to fight crooks

Tech giants have defended their policies to help UK customers avoid falling victim to fraudsters during disclosures to a committee of MPs, amid concerns over an increase in scams. Google, Facebook, Amazon and eBay wrote in response to a request from Mel Stride, chairman of the Treasury Select Committee, outlining …

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Huawei revenue slumps in third quarter as smartphone business remains crippled

By David Kirton SHENZHEN, China (Reuters) – Chinese firm Huawei Technologies Co Ltd’s revenue fell 38% in the third quarter compared to the same period a year earlier as US sanctions hampered its smartphone and mobile business. new areas of potential growth still in their infancy. The Chinese telecoms giant …

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Swisscom reduces its sales outlook for 2021 and maintains its dividend target

ZURICH (Reuters) -Swisscom on Thursday slashed its sales outlook for 2021, citing a review of its fiber-optic partnership with Salt as well as the evolution of exchange rates. It now expects net sales of around 11.2 billion Swiss francs, down from its previous forecast of around 11.3 billion, and capital …

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