Konga and Yudala confirm merger

(Telecompaper) Nigeria’s largest online mall Konga and African pioneer composite e-commerce company Yudala have officially announced a merger of their operations, reports CommunicationsWeek. This will see them effectively become the biggest organised retail and e-commerce marketplace on the African continent, it added. The merger takes effect from 01 May and will see both companies operate under the Konga brand name. …read more

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Telenet CEO confirms interest in Voo

(Telecompaper) Telenet has confirmed it’s interest in expanding further in the south of Belgium. CEO John Porter told newspaper L’Echo the company has met with Voo’s owner Nethys “recently” and sees the Wallonia cable operator valued at EUR 1.0-1.3 billion. …read more

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Open Fiber approves EUR 3.5 bln funding deal for broadband rollout

(Telecompaper) The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender Cassa Depositi e Prestiti (CDP) announced the signing of a EUR 3.5 billion seven-year agreement with a number of banks to support its broadband rollout, confirming earlier reports. The company signed the project finance deal with BNP Paribas, Societe Generale and UniCredit, describing it as one of the largest agreements of its type at a European level in the telecommunications sector. …read more

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Last week in telecoms: Russian shares under pressure, Intelsat leaps to lead the sector YTD

(Telecompaper) Intelsat (+36%) made a big leap last week on news of a capacity deal with Vodacom. The heavyweights of the European telecoms sector, had a positive week with a1.4 percent gain for Vodafone and +3.7 percent for Deutsche Telekom. The four Russian shares in our index on the other hand suffered heavy losses: Rostelecom (-6%), VEON (-11%), MTS (-12%) and MegaFon (-17%). Greek takeover target Forthnet (-19%) could not hold on to the previous week’s gains. Overall, our telecoms index ended week 15 up slightly (+0.4%), versus a gain of 1.2 percent for the EuroStoxx 50 index. …read more

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