July 17th, 2008 — News
ZTE, the Chinese mobile handset and telecoms infrastructure manufacturer, plans to boost its presence in India by supplying 15 million handsets this year and increasing turnover to US$1 billion.
ZTE currently sells handsets in partnership with GSM and CDMA mobile operators, but is considering bolstering sales by directly marketing handsets under its own brand.
Despite increasing Indian supply from 10 million to 15 million handsets, ZTE does not plan to open a manufacturing plant in India yet.
July 16th, 2008 — News
French company Providence Technologique has launched a mobile virtual network operator (MVNO) in Cameroon under the brand name Yemba.
It has set the ambitious target of adding two million subscribers by 2010.
Yemba will be targeting the “call box” segment by offering discounted call rates.
July 16th, 2008 — News
Celtel Zambia, which listed on the Lusaka Stock Exchange June 11, and pan-African conglomerate MTN Group, have been rated as “overweight” investments by analysts at Morgan Stanley.
The stocks represent the top picks of African telecoms stocks.
Celtel Zambia’s stock listing was oversubscribed by 200 per cent and raised US$205 million.
July 15th, 2008 — News
Etisalat announced consolidated financial results for the group for the second quarter of 2008, which showed strong growth in revenues, profits and subscriber numbers.
Etisalat reported net profit of US$1.4 billion for H108 alone
The telco reported AED2.995 billion (US$816 million) in net profits for the second quarter, taking net profits for the first half of 2008 to AED5.12 billion. This figure represents an increase of 37.1 per cent on 2007 numbers.
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July 14th, 2008 — News
Applications for Malawi’s fourth mobile licence are being accepted until July 25, even though the third licence auctioned in March is yet to be awarded.
Celtel Malawi’s handset prices dropped to US$18 after the government removed customs and excise duties on imported phones.
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