Smile Telecoms avoids shutdown, securing R550m to recapitalise its business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

New money will fund the business in 2022, but questions remain about possible financial trouble ahead

Smile Telecoms, an Africa-focused broadband provider founded by former trade unionist Irene Charnley, says its has secured R550m new funding to recapitalise its business as part of a plan that it will strengthen and “safeguard” its operations.

Founded in 2007, the company provides high-speed internet services in countries such as Tanzania, Uganda and the Democratic Republic of Congo ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investing with williamchurch09 has brought my family so much joy, I've received R85,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09

I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MONEY LIVE | Sibanye-Stillwater completes R1.5bn acquisition of French nickel facility | Fin24MONEY LIVE | Sibanye-Stillwater completes R1.5bn acquisition of French nickel facility - Is Sibanye becoming a nickel & dime company
Source: Fin24 - 🏆 21. / 63 Read more »