Safaricom Ltd.’s purchase of Essar Telecom Kenya Ltd.’s assets may help address demands that the company improve its network before being granted a new license, said analysts including Evelyne Wanjiku at Genghis Capital Ltd.
The Nigerian telecommunications regulator fined the three largest mobile operators 647.5 million naira ($4 million) and toughened penalties in a move that shows waning tolerance for poor service in one of Africa’s largest mobile markets.
India announced guidelines for mergers and trading of spectrum among wireless carriers, opening the door for operators, including including Vodafone Group Plc and Bharti Airtel Ltd., to bolster airwave assets.
India raised almost $10 billion from an auction of wireless spectrum that saw billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. emerge as a potential competitor to Vodafone Group Plc and Bharti Airtel Ltd.
Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, posted third-quarter profit that gained 5.4 percent as improving domestic and Australian units offset the effect of a weaker Singapore dollar.
India got bids totaling 446.1 billion rupees ($7.12 billion) on the first day of a wireless spectrum auction yesterday, the third effort by the government to raise revenue from the sale of airwaves in the last 15 months.