In brief

22 June 2018

Mergers, Acquisitions and Financial Results

The Nigerian Communications Commission (NCC) has announced plans to hold a public inquiry on an application by Visafone Communications to transfer its licence and resources, including spectrum in the 800MHz band, to MTN Nigeria. Interested stakeholders have been invited to make written submissions on the matter and participate in the public inquiry, which will be held on 25 June.

 

Telekom Networks Malawi (TNM) has reported revenue of MWK82.1 billion (USD110.6 million) for the twelve months ended 31 December 2017, an increase of 21.8% from MWK67.4 billion the previous year. Service revenue grew by 21.4% year-on-year to MWK79.6 billion, while EBITDA totalled MWK29.5 billion, compared to MWK22.9 billion in 2016. Profit after tax increased from MWK8.2 billion to MWK13.1 billion over the same period, reflecting the company’s initiatives to improve its revenue streams and cost management strategies.