Angola’s state-run phone company looks set to make a profit after receiving a $314-million government bailout.
Africa’s biggest mobile company said earnings per share jumped 25%, buoyed up by a foreign exchange gain from the weaker rand.
The media giant’s bottom line will pay the price as its development spend jumps from R4.3-billion to over R7-billion this financial year.
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
South African cellular operator Vodacom’s revenue increased by 14,5% year-on-year for the quarter ended June 2008.
Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK’s Vodafone set…
