Telecom Sector

Reportedly, ZTE Corp., Chinese Equipment and Smartphone Maker to Appeal U.S. Export Restrictions

On March 7, the U. S. Commerce Department imposed certain sales restrictions on ZTE Corp; the Chinese equipment and smartphone maker, in relation to Iran sanctions violation. The restrictions are believed to impact the company's global supply chain along with creating shortage for certain parts.

Viacom chairman and CEO Philippe Dauman Calls Paramount Pictures a “Crown Jewel” Promotes it as a real Growth Business

On Monday, Philippe Dauman the Viacom chairman and CEO, called the Paramount Pictures a "crown jewel." He said that he hoped to reach an agreement to sell a minority stake in Paramount before the next financial quarter ended. The studio is behind big hits like "Star Trek" and "Transformers".

According to the analysts, Alibaba could be one of the interested companies which would like a share in Paramount. However, Dauman is tight lipped about who all could approach the studio.

Telecommunications and Postal Services Minister of South Africa says the Country Continues to be an Investment Destination

Siyabonga Cwele, South Africa's Telecommunications and Postal Services Minister said that the country attracted R64.3 billion in Foreign Direct Investment (FDI) which crossed the target of R45 billion in the initial three quarters of the ongoing fiscal year.

On Tuesday, while addressing the media, the minister said South Africa continues to be an investment destination and also a competitive business amidst challenges faced by economy globally.

VimpelCom Ltd to Pay $795Million Penalty in Bribery Case

VimpelCom Ltd., the sixth biggest telecommunications company in the world is being fined $795 million to resolve claims that it paid bribes of $114 million to a high ranking government official in Uzbekistan.

On Thursday, authorities said, the company paid bribes to an Uzbek government official closely related to a high-ranking official who influenced the regulators of the Uzbek telecommunications industry.

MTN have not Reached an Agreement with the Nigerian Government Authorities

MTN have not Reached an Agreement with the Nigerian Government AuthoritiesMTN Group, the

M-Pesa Transfer Errors Reduced as Safaricom Introduces ‘Hakikisha’

M-Pesa Transfer Errors Reduced as Safaricom Introduces ‘Hakikisha’The users of M-Pesa in Kenya will now be able to confirm the recipient's names when transferring mobile money before they complete the transaction.