MTN Group Ltd., Africa’s largest wireless operator, said full-year profit increased 27 percent, exceeding estimates, after the South African rand weakened and subscriber numbers rose across its 22 markets.
A four-week decline in SoftBank Corp.’s bond risk is ending on concern billionaire founder Masayoshi Son will take on more debt to follow Facebook Inc. and Rakuten Inc.’s investments in mobile-messaging services.
At a museum near the U.S. Capitol three weeks ago, 700 guests sampled bratwurst and vodka and watched the Olympics on a mammoth screen. From the second floor, Comcast Corp.’s David Cohen addressed the crowd, which included the Russian ambassador and a White House official.
Line Corp. may meet its target for 500 million users by year’s end, with Bank of America Merrill Lynch saying a possible investment from SoftBank Corp. would help boost data usage at the Japanese wireless carrier.
Facebook Inc.’s purchase of WhatsApp Inc. for $19 billion is heightening the allure of other fledgling businesses, some of them little known in the U.S., that specialize in letting users send messages.
Facebook Inc.’s $19 billion purchase of mobile-messaging startup WhatsApp Inc. is a stark reminder of how much money phone carriers are losing out on as competitors let users text and chat at no charge.