Also in today's EMEA regional roundup: Vodacom teams up with Amdocs for African Centre of Excellence; MTN sells shares in Nigerian unit; Ericsson offers mentoring in Moroccan students.

Paul Rainford, Assistant Editor, Europe

February 2, 2022

2 Min Read
Eurobites: Telefónica goes subsea with Telxius deal

Also in today's EMEA regional roundup: Vodacom teams up with Amdocs for African Centre of Excellence; MTN sells shares in Nigerian unit; Ericsson offers mentoring in Moroccan students.

  • Telefónica has joined forces with investment company Pontegadea to acquire a 40% stake in Telxius Telecom's subsea cable infrastructure, which was previously held by another investment firm, KKR. Under the terms of the €215.7 million (US$244.15 million) deal, Telefónica will increase its stake to 70% and Pontegadea will increase its stake to 30%. Telxius has one of the largest cable networks in the world, extending some 94,000km. Through its Tier 1 IP network, Telxius provides direct connectivity to the Internet with a coverage of 93 points of presence and 27 landing stations in 23 countries.

    • South Africa's Vodacom has teamed up with US software company Amdocs to create an African Centre of Excellence intended to enable Vodacom to more easily deliver new products and services to its customers in Tanzania, Mozambique and the Democratic Republic of Congo (DRC) through the use of a standardized IT architecture.

    • MTN has raised R4.3 billion ($281 million) through the sale of 575 million shares in its Nigerian unit to Nigerian investors. The share offer was 1.2 times oversubscribed with a total of 802 million shares subscribed for by more than 126,000 investors, including retail and institutional investors.

    • Ericsson has agreed to provide on-the-job mentoring and training in information technology skills to students at a number of Moroccan universities as part of its #AfricaInMotion campaign, which aims to help the continent become more digitally inclusive. The training program offered includes online courses on 5G networks, the Internet of Things and artificial intelligence, amongst other subjects.

    • A1 Telekom Austria Group is launching its A1 Net Protect cybersecurity product at its North Macedonian unit. A1 Net Protect is based on software created by Whalebone, a Czech cybersecurity company.

    • UK cable operator Virgin Media is throwing in more than 20 extra TV channels into its content mix for its subscribers during February at no extra cost. The freebies include Comedy Central, MTV and Sky History. Been waiting for Great Escapes with Morgan Freeman? You're in luck!

      — Paul Rainford, Assistant Editor, Europe, Light Reading

Read more about:

Europe

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like