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Last week in media: Publicis and Fortnite drag the sector down

2019-02-11 14:49:00| Telecompaper Headlines

(Telecompaper) The TPSI Global Consumer Media lost -0.8 percent last week, as disappointing results from Publicis overshadowed positive earnings reports from Snap and the New York Times. The Dow Jones Industrials ended week 6 up 0.2 percent. Electronic Arts benefitted from the success of its new title Apex Legends, despite weak results, whereas other games manufacturers were hit by the ongoing success of Epic Games' Fortnite.

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Category:Telecommunications

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Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

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Category: Telecommunications

 

 

Airtel Kenya signs agreement with Telkom Kenya to combine operations

2019-02-11 09:32:00| Telecompaper Headlines

(Telecompaper) Airtel Kenya has announced that it has signed an agreement with Telkom Kenya to merge their respective mobile, enterprise and carrier services businesses as Airtel-Telkom. The nalisation and closure of the transaction is subject to approval by the relevant authorities. Under the agreement, the partners will combine their operations in Kenya and establish an entity with enhanced scale, operational efficiency and strategic brand presence, which will invest in networks to accelerate roll out of future technologies. 

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Category: Telecommunications

 

 

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