PLDT found no fraud in capex overspend
PLDT stated there was no fraudulent activity in relation to its PHP48 billion (US$866 million) capex overspending last year, but profit fell in its full 2022 financial year due to the overrun.
Safaricom opens $2m M-Pesa operations centre
Safaricom opened a US$2 million operations centre in Kenya to enhance its M-Pesa mobile money platform and prepare for launches into new markets.
ICC finds Korek liable to pay damages to Iraq Telecom
The International Chamber of Commerce’s (ICC’s) International Court of Arbitration has awarded US$1.65 billion in damages to Iraq Telecom Limited (ITL) and International Holdings.
Brazilian ISP Brisanet on course for Q2 5G launch
Brazilian ISP Brisanet said it is still on course to launch commercial 4G/5G services in the second quarter of this year.
Government pulling Telecom Egypt share sale
The Egyptian government has reportedly suspended plans to sell a stake in state-owned operator Telecom Egypt due to market conditions, reported Reuters.
