Vodafone Group has agreed a deal to sell its 55 per cent stake in Vodafone Egypt to Saudi operator STC for US$2.4 billion, as part of plans to reduce debt and refocus on core markets.
STC buys into Egypt with acquisition of Vodafone stake
January 29th, 2020 — Miscellaneous
Bad to worse for Travelex as it faces aggressive ransomware attack
January 8th, 2020 — Miscellaneous
The cyber hacking saga at Travelex continues as media reports now suggest the international foreign currency dealer has fallen prey to a ransomware attack with a group called Sodinokibi claiming responsibility for the incident and demanding a US$6 million payment to restore systems.
Travelex hit by New Year’s Eve cyber attack
January 3rd, 2020 — Miscellaneous
Travelex, the international foreign currency seller suffered a software virus attack on New Year’s Eve and has been forced to take down its website as a result of the incident. The company has resorted to carrying out transactions manually, providing foreign exchange services over the counter in its branches.
Nhleko steps back as MTN Group chairman
December 20th, 2019 — Miscellaneous
Phuthuma Nhleko, the MTN Group CEO who led the company on an acquisition trail that turned it into an emerging markets powerhouse, has stepped down from its board of directors. Nhleko, who has served as MTN’s chairman since 2015 after relinquishing the CEO role in 2011, resigned this week as non-executive chairman.
Service operators search for revenue boost to match geographic expansion of 5G
November 26th, 2019 — Miscellaneous
Ericsson expects the global number of 5G subscriptions to top 2.6 billion within the next six years, according to its November 2019 edition of the Ericson Mobility Report.
