Safaricom Ltd., Kenya’s biggest company by market value, raised its full-year cashflow forecast by as much as 20 percent as sales from data and mobile money transfers continue to grow faster than revenue from voice.
Xavier Niel, the founder of French mobile and broadband provider Iliad SA, has made a second career backing startups with uncertain prospects. Now he’s ready to apply those skills to Europe’s beleaguered phone companies.
France Telecom SA, the French phone company whose sales have dropped for the past two years, will look for deals with cable companies to cross-sell services, offering European users packages combining TV, mobile and Web.
France Telecom SA’s board will meet next week to discuss the consequences of Chief Executive Officer Stephane Richard’s fraud charge in a probe linked to when he was chief of staff for then-Finance Minister Christine Lagarde.