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Somalia’s NCA, IFC to revamp submarine cable landings

Developing Telecoms

The National Communications Authority of Somalia (NCA) partnered with the International Finance Corporation to prepare new regulations for submarine cable landings aimed at bolstering Somalia’s connectivity sector.

Cable 320
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USSD service boosts Nigerian mobile transaction options

Developing Telecoms

A reminder that in large parts of Africa internet connectivity is not always guaranteed comes from PalmPay, a financial platform with over 30 million users on its smartphone app in Nigeria.

Mobile 267
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Ukraine’s newest telco to receive $435m investment from EBRD, IFC

Total Telecom

News The move is the largest direct foreign investment in Ukraine since the war began This week, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have confirmed they will jointly invest $435 million into Ukraine’s newest converged telco.

Finance 273
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BT says Labour’s budget will cost company £100m 

Total Telecom

This was “primarily due to lower revenue, higher specific costs and higher net finance expenses,” the company explained. The company has reported 446,000 new active connections on this network, raising its total to 5.5 Reported profit before tax sits at £1 billion, down 10%. Openreach passed 2.1 million premises for FY25.

Telecoms 269
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TIM receives €700m bid for Sparkle 

Total Telecom

The involvement of MEF and Retelit in the bid indicates a potential national interest in securing Sparkle’s infrastructure, which plays a significant role in Italy’s connectivity to global markets. Further updates are anticipated as discussions progress.

Finance 210
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HS2 project could boost rural broadband, new analysis reveals 

Total Telecom

News The railway line could improve the connectivity for thousands of rural households The High-Speed 2 (HS2) railway project could significantly enhance broadband connectivity in rural areas, according to a new analysis released today from High Speed 2 Ltd, a non-departmental public body run by the UK Department for Transport.

Broadband 255
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Community Fibre raises £125m in latest funding round 

Total Telecom

The funds, the company says, will primarily be used to help connect customers within their existing footprint, as well as expanding their network coverage. “Community Fibre has been and will continue to be highly focussed on delivering the best customer experience and the best value for money in the market.

Finance 198