MTN’s Bayobab and Africa50 in R6bn African fibre investment drive

MTN is expanding one of Africa’s largest fibre networks as it signed a deal with an infrastructure investment company worth more than R6bn in the next two years.

The group’s newly rebranded infrastructure unit Bayobab — formerly MTN Global Connect — has entered into a partnership with Africa50 to develop Project East2West, “a terrestrial fibreoptic cable network connecting the eastern shores of Africa to those on the continent’s west”...

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Vodacom slashes dividend on investment push in Egypt, fibreVodacom slashed its full-year dividend for fiscal 2023, as Africa’s biggest phone operator by value plans investments in new ventures in Egypt, Ethiopia and its fibre business. Moneyweb VodacomDividend
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