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IHS Towers Rwanda sale to Paradigm Tower Ventures closes at $274.5 million, marking a milestone in Africa’s telecom infrastructure growth.
With this spectrum lease arrangement, MTN will be able to handle the additional network traffic through its infrastructure
MTN Group is partnering with US and European firms to build AI data centers in Africa. The first $240 million project has started in Nigeria.
Helios secures a 75% stake in Telecom Egypt’s data centre unit, a $260m deal that positions Egypt as a key hub for cloud and AI services.
T2 Mobile, formerly 9mobile, adds 200,000+ new subscribers after its rebrand, even as MTN, Airtel, and Glo lost users in July 2025.
The New York-listed shares rose 8% to $7.33, a stark recovery from the $2 level where the stock hovered for most of 2024.
9mobile rebrands as T2 after LH Telecoms acquisition, aiming to revive market share in a telecom sector dominated by MTN and Airtel.
MTN Group forecasts strong earnings growth for H1 2025, driven by a $240M data centre in Lagos and a new 9mobile roaming deal in Nigeria.
Data revenue grew to ₦1.23 trillion, overtaking voice revenue contributions to ₦887 billion.
As Starlink approvals roll in, Airtel is quietly stitching together a hybrid network that could future-proof its rural strategy.
"Mobile money remains a cornerstone of our current and future growth proposition," said CEO Sunil Taldar
NCC has given IHS, ATC, and other tower firms a 2-month deadline to improve Nigeria’s internet quality or face regulatory penalties.
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