Category: TECHNOLOGY
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Surfline’s service restored after three-day black out
Surfline Ghana Limited has fully restored internet services to consumers after a blackout for nearly a week. This came as the National Communications Authority (NCA) said it had intervened in the impasse between Glo Ghana Limited and Surfline Ghana. The two companies were said to have been involved in a tussle that resulted in the…
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‘Last minute’ MTN IPO buyers disappointed
Some potential shareholders of MTN are pushing for an extension of the Initial Public Offering after failing to secure shares in the company. Information available to Citi Business News indicate that most investors were left frustrated as the telecom company closed its doors to any further issue on Tuesday, July 31, 2018. Reports from outlets…
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MTN ends GH¢3.47 bn IPO today
MTN is to complete its Initial Public Offering (IPO) by close of day today [July 31, 2018] barring any last minute changes. The telecom company is ceding thirty-five percent (35%) of its shares to the public to complete the regulatory processes after it secured one of the 4G spectrum license. It’s been a little over…
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‘I feel like a Prophet, 10 years after sale of Ghana Telecom—Ex Pres. Kufuor
Former President John Agyekum Kufuor has stated that the current performance of Vodafone Ghana in the telecom industry shows that he made a wise decision in selling Ghana Telecom. According to him, the present position of Vodafone Ghana, ranked as the second biggest after MTN makes him “feel like a seer or a prophet” whose…
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Gov’t won’t reduce cost of 4G spectrum—Andah
Telcos, hoping for a reduction of the cost of the 4G LTE spectrum before jumping on the band may have to reconsider their decision. This is because the Communications Ministry has reaffirmed its position to maintain the cost of the 4G LTE at 67.5 million dollars. Presently, only MTN has been able to acquire one…
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$400m boost for innovation: Disbursements to start this year
Innovators and researchers in science and technology should be receiving at least four hundred million dollars to support their work by the end of 2018. This is according to the Minister of Business Development, Dr. Mohammed Ibrahim Awal. He tells Citi Business News the move forms part of efforts to use technology to solve major…
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Ghana Post opens arms to tap into growing e-commerce services
The Minister of Communications, Ursula Owusu Ekuful has challenged the Ghana Post Service to review its strategy and take advantage of the opportunities presented by e-commerce. The Minister admits to the major disruptions technology is having on economies and how Africa is positioned to benefit from the boom. The Ghana Post is mandated to undertake…
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MTN Ghana receives 12 awards at 2018 GIITA
MTN Ghana has won 12 awards at the 8th Ghana Information Technology and Telecoms Awards (GIITA) held in Accra. The company was also inducted into the GITTA Telecoms Hall Of Fame. MTN received awards for Customer Experience Company of the year, CSR Company Of The Year, Data Service Provider of the year, Mobile Money Service…
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Bearish stock market performance to end after MTN IPO
Stock market analysts are projecting that the current distortions on the local bourse may continue until such a time that MTN completes its Initial Public Offering (IPO). The stock market’s performance has seen a dip for the past couple of weeks which is affecting trading activities. Some have blamed the development on the massive nature…
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e-Crime Bureau wins Best Cyber-security firm at 2018 GITTA
e-Crime Bureau, a leading cyber security and digital forensics firm was on Friday, June 29, 2018 adjudged the best cyber security consulting firm in Ghana at the 8th edition of the Ghana Information Technology & Telecoms Awards (GITTA). The only cyber security category at this year’s event was keenly contested by other notable organizations in…