Ten firms have expressed interest in a third telecom operator’s licence to be awarded December this year. By press time The New Times could not indentify the interested firms. The third telecom operator was invited after MTN Rwanda and Rwandatel duopoly is about to expire this month. The successful operator will be issued with both mobile and fixed licences for duration of 15 years. Diogène Mudenge, Director General of Rwanda Utility Regulatory Authority (Rura) said a liberalised and competitive market needs more players.
The East African Community (EAC) heads of state have promised investors in the region that infrastructure and energy sectors will be developed. The promise comes after the two were cited as the greatest barriers to doing business in the economic bloc. The EAC was holding its first investment conference in Kigali to showcase investment opportunities to over 1,000 investors.
MTN has acquired 100 per cent of Verizon South Africa (Pty) Ltd, a statement from MTN headquarters in South Africa says. The acquired firm is part of Verizon Communications Incorporation based in the United States. Phuthuma Nhleko, MTN Group President and CEO, said, “We are pleased to announce this strategic acquisition, which will enhance MTN’s product offering to meet the diverse requirements of our customers.“