Etisalat News

Adesola Adeduntan, CEO, First Bank

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors.

9mobile

Virgin, Vodacom and BUA Group eye former Etisalat Nigeria unit

Virgin Mobile and Vodacom, as well as Bua Group, are among companies interested in acquiring 9mobile, formerly Etisalat Nigeria, according to ThisDay.

Boye Olusanya, CEO, 9mobile. Credit: This Day

Former Etisalat Nigeria, 9mobile, is open to new investors, says CEO Boye Olusanya

Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said on Wednesday at an event to officially announce the company’s new name to replace Etisalat Nigeria.

Telecoms regulator approves Etisalat Nigeria name change

Telecoms regulator approves Etisalat Nigeria name change to 9mobile

Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt.

Joseph Nnanna, Chairman of Etisalat Nigeria & Deputy Governor, Central Bank of Nigeria

Etisalat Nigeria rebrands to 9mobile

Emerging Markets Telecommunication Services (EMTS), trading as Etisalat Nigeria, has adopted 9Mobile as a new brand identity following a meeting held on 13 July.

Etisalat Nigeria's new CEO targets profit after regulator rescue

Etisalat Nigeria's new CEO targets profit after regulator rescue

Etisalat Nigeria is focused on getting the telecoms group back on track to make a profit after it was saved from collapse, while working on the paperwork to eventually raise new capital.

Orange & Vodafone are seeking to purchase 65% of Etisalat Nigeria

Orange, Vodafone are reportedly seeking to purchase 65% of Etisalat Nigeria

Orange Telecom and Vodafone are seeking to purchase 65 percent of Etisalat Nigeria following the departure of the UAE-based Etisalat Group from its Nigerian business, reports Brandish citing unnamed sources.

Wizkid signed with Sony Music last year

Sony Music seeks Nigeria streaming growth to build on ringback market

Sony Music Entertainment sees big growth prospects for music streaming in Nigeria, thanks to falling internet data costs and a large, growing population, a senior executive told Reuters.

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

Ebi Atawodi, General Manager, Uber Nigeria

How Uber is changing life in Nigeria (Video)

Few things affect life in Lagos like traffic. However, Ebi Atawodi, Uber‘s General Manager in Nigeria, thinks Uber is making a difference in people’s lives.

Kamar Abass, CEO, Ntel

Nigeria's Ntel seeks $1 billion for mobile broadband growth

Nigerian Internet provider Ntel is seeking more than $1 billion to invest in 4G mobile broadband by 2020 as the owner of the former state landline company seeks to take advantage of a rising number of smartphone users in Africa’s most populous country.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

MTN in another legal headache as Etisalat sues for use of frequency in Nigeria

MTN in another legal headache as Etisalat sues for use of frequency in Nigeria

Etisalat Nigeria has filed a court case against rival MTN over the use of a new frequency band which MTN acquired when it bought internet provider Visafone, it said on Monday.

AG Mobile launches mobile phones and tablets in Nigeria

AG Mobile launches its mobile devices in Nigeria

African mobile technology brand AG Mobile has launched in Nigeria. AG Mobile is one of Africa’s first original design manufacturers and was the first South African company to build a mobile device in 2007.

Printivo founders Ibukun Oloyede, Oluyomi Ojo, and Ayodeji Adeogun. Credit: techcrunch.com

Nigeria-based Printivo wants to become the Vistaprint of Africa

Vistaprint has been around for 20 years, so if you live in the U.S. or Europe, ordering printed material online might not seem like a big deal.

D'banj poses at his home in Lagos. Photographer: Paul Odijie/Bloomberg

Nigeria's booming music scene: An interview with D'banj (Video)

The mansion, the pool, the Bentley, the life-size portrait and the gold medallions are the spoils of a revolution in Nigeria and music superstar D’banj is enjoying them.

Safaricom's M-PESA

The battle between Africa's mobile phone companies and banks is a boon for financial inclusion

Another week and another bank in Africa is entering the mobile money space.

Mteto Nyati, CEO, MTN South Africa

MTN appoints Mteto Nyati to be CEO of South African business

MTN Group Ltd. appointed Mteto Nyati to lead its South African business, promoting the former Microsoft Corp. executive to run the wireless carrier’s second-biggest unit.

M-PESA - Mobile money in East Africa (Reuters/Noor Khamis)

In South Africa and Nigeria, banks want to be phone companies. In Kenya, the phone company is already the bank

There has been so much discussion about the impact of the mobile phone on the financial industry in African countries but this tweet by former bank boss Michael Jordaan, who is now a venture capitalist, best sums things up: “Telcos becoming banks (MPesa) and banks becoming Telcos (FNB Connect). Africa is leading bank/telco convergence.”

Globacom remains Nigeria's second-largest phone company, approaching 30 million national subscribers

Globacom remains Nigeria's second-largest phone company, approaching 30 million national subscribers

Globacom now has almost 30 million subscribers on its network, according to the company.

Jim Ovia, Founder, Visafone

Nigerian business tycoon Jim Ovia to sell Visafone to South Africa's MTN

Africa’s largest telecoms operator MTN Group is in talks to buy Nigeria’s Visafone Communications to solidify its grip in the South African firm’s most important market, sources familiar with the discussions said on Friday.

Etisalat Nigeria EasyWallet

First Bank partners with Etisalat Nigeria on mobile money

Nigeria’s First Bank has partnered with mobile operator Etisalat to make mobile payments more accessible and secure.

Mulk Holdings

UAE's Mulk Holdings invests $40M in Nigerian shopping center

UAE-based conglomerate Mulk Holdings announced that it is investing up to $40 million in developing a duty free shopping centre in Lagos, Nigeria.

IHS Towers

IHS Nigeria secures $200M financing

IFC has announced a commitment of USD 200 million to help IHS Nigeria expand its tower portfolio and create mobile infrastructure that will improve service quality for operators and consumers in Nigeria.

Smartphone use in Africa

Boosting smartphone use in Africa: Success strategies of industry players

The high penetration of mobile phones in Africa has been one of its success stories.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigeria's mobile phone companies move closer to listings on the Nigerian Stock Exchange

The Nigerian Stock Exchange said it’s making headway in persuading the four mobile-phone companies in Africa’s largest economy to sell their shares

Issam Darwish, Executive Vice Chairman & CEO of IHS Towers

IHS Towers announces $2.6B capital raise, the largest in Africa since 2007

IHS Holding Limited (“IHS”), Africa’s leading independent mobile telecommunications infrastructure provider, has signed agreements for a capital raise of US$2.6 billion comprising equity of US$2 billion and a loan facility of US$600 million.

DP World wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal, above.

Africa offers UAE investors outsize returns

UAE companies and sovereign wealth funds including DP World and Investment Corporation of Dubai (ICD) are keener than ever to invest in Africa.

Etisalat

Etisalat Nigeria extends network services deal with Nokia

Etisalat Nigeria has renewed its managed services contract with Nokia Networks for three more years with expanded services scope.

A customer transfers cash to his mobile phone in Kenya's capital Nairobi

Mobile Money: The Battle for Africa

As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.

Issam Darwish, CEO, IHS Towers

IHS Towers and Etisalat enter sale and lease back agreement on Nigeria's 2,136 tower portfolio

Etisalat Nigeria today announced the sale of 2,136 of its towers to IHS Holding Limited (IHS) as part of a broader strategy to drive improvements in the quality of its network performance and to accelerate roll out of 2G and 3G coverage and new services to its customers.

Mobile Phone User in Africa

Africa's telecoms frontier (Video)

Sub-Saharan Africa is the fastest growing region in terms of mobile subscriptions.