Telecom
Bharti Airtel Inks Long-term Strategic Investment with QFE
Bharti Airtel, a leading global telecommunications services provider has entered into a binding agreement with Qatar Foundation Endowment (“QFE”), under which Bharti will issue 199,870,006 of its new shares to QFE representing a shareholding of 5% in the Company, post issuance of the new shares.
As per the agreement, QFE will subscribe to 199,870,006 new shares of Bharti at a price of INR 340 per share amounting to a total consideration of USD 1.26 billion (INR 6796 crores). The investment will further strengthen the capital structure and provide further flexibility for the Company to deliver on its growth strategy.
Mr. Sunil Bharti Mittal, chairman, Bharti commented thus, “I am delighted to welcome another high quality long-term institutional investor to our shareholder base. This strategic partnership with QFE demonstrates the confidence they have in the Company and our strategy for growth. In addition, this agreement exemplifies further strengthening of the already deep economic and cultural relations between Qatar and India. We look forward to a long and fruitful partnership with QFE”.
Speaking on the agreement, Rashid Al-Naimi, acting chief executive officer, QFE, said, “We are excited to be making a significant investment in one of the leading telecommunications companies in the world. As a long-term global investor, our shareholding gives us exposure to a high growth sector in key emerging markets. QFE looks forward to supporting Bharti in realising the full potential of this world class business.”
Goldman Sachs acted as sole financial advisor to QFE on this investment.
Telecom
Airtel Partners Google to Elevate Home Entertainment
Telecommunications service provider Airtel Nigeria has announced an innovative partnership with Google to transform home entertainment across Nigeria.
The partnership, which was unveiled at an agreement signing ceremony at the telecom giant’s Lagos headquarters, integrates YouTube, the world’s largest video platform, into the ground-breaking Airtel Smart Router to deliver seamless internet connection and entertainment experiences for subscribers across the country.
As part of this innovative update, the Airtel Smart Router further fulfils its promise as a 2-in-1 device, acting as an internet router while also converting analogue television sets into smart TVs to enable YouTube viewing on any type of TV.
Now with a YouTube app, a dedicated button on the remote control, and an operating system optimised for a seamless YouTube experience, the Smart Router is equipped to bring world-class quality entertainment closer to more Nigerians.
Speaking on the new partnership, Chief Commercial Officer, Airtel Nigeria, Femi Oshinlaja, highlighted its significance towards transforming digital entertainment in Nigerian homes.
“At Airtel, our goal to bridge the digital gap includes the provision of affordable entertainment content. Through this partnership with Google, we continue to revolutionise the entertainment space as the Airtel Smart Router offers a complete experience, delivering internet services and easy access to world-class entertainment through YouTube,” he said.
Also providing more insight about the collaboration, Director, Corporate Communications & CSR, Femi Adeniran, stated, “The integration of YouTube on the Airtel Smart Router offers an unmatched simplification of the customer experience, transforming how our customers consume digital content at home. This partnership reflects our commitment to creating affordable and innovative solutions that enhance the digital lifestyle of our customers.”
The ground-breaking Airtel Smart Router, which retails for N25,000 and arrives with unlimited data for 30 days, simplifies the streaming of movies, football matches, cartoons, music, and other forms of audio-visual entertainment for the entire family.
Olumide Balogun, West Africa Director, Google, added: “YouTube has always been about connecting people with the content they love, whether it’s exploring new hobbies, staying informed, or discovering creative inspiration.
“With this partnership, we’re making it easier for more Nigerians to access their favorite videos right from their TVs, enabling even more homes to benefit from the wealth of knowledge and entertainment that YouTube offers. It’s an exciting step toward our mission of creating a digitally inclusive Africa.”
Reiterating Balogun’s assertion, Director, EMEA Product Partnerships, YouTube, Mahesh Bhalerao said, “YouTube is the stage where culture comes to life and where everyone, from creators to viewers, can find their voice and connect with what matters most to them.
“This collaboration with Airtel underscores our commitment to bringing high-quality, on-demand content to more homes, while empowering Nigerian audiences to explore, learn, and enjoy the diversity of experiences YouTube offers.”
Airtel is committed to redefining the data access for Nigerian households via affordable and portable connection devices such as routers and MiFis.
Telecom
Qualcomm Celebrates Successful Completion of the Second Year of the Make in Africa Startup Mentorship Program
Qualcomm Incorporated has announced the successful completion of the second year of its Make in Africa Startup Mentorship Program, culminating in the Make in Africa Finale 2024.
This platform continues to showcase the energy and innovation emerging from the African technology scene, demonstrating Qualcomm’s commitment to supporting startups as part of the broader Qualcomm Africa Innovation Platform.
Now in its second year, this program has successfully guided early-stage technology startups by providing mentorship, business coaching, engineering consultation, and IP protection advice.
This year’s Make in Africa finalists, from six African nations, are tackling real-world challenges across healthcare, agriculture, cutting-edge AI and industrial sectors.
The 2024 cohort includes the following startups (listed in alphabetical order):
- Aurora Health Systems from Kenya provides AI-based cardiovascular healthcare tools
- CropScan from Kenya uses solar-powered smart farming IoT devices
- Cure Bionics from Tunisia makes smart 3D printed prosthetic devices
- DevisionX from Egypt provides AI-based low-code computer vision tools
- Kalio from Cameroon is building AI tools for Agricultural IoT
- Kitovu from Nigeria provides tools and software for smart agricultural warehouse management
- NextAI Studios from Kenya builds AI-based emotion detection into toys for children’s mental healthcare
- RIM Nextgen from Kenya, uses smart tools for monitoring propane consumption
- Sparcx from South Africa uses AI for enhancing radar signal processing
- ViZmerald from Tunisia, is working on AI-based textile industry inspection
Wireless Reach Social Impact Fund Winner
Aurora Health Systems from Kenya was announced the winner of the 2024 Wireless Reach Social Impact Fund. This fund, provided by Qualcomm through its Qualcomm® Wireless Reach™ Initiative, aims to support startups in scaling their societal and market impact.
Aurora Health Systems was selected for their innovative wireless, portable ECG device with LTE connectivity. This device assists patients with cardiovascular disease by enabling remote data transmission of ECG data to healthcare providers, even in rural areas.
They are the first in East Africa to train ECG AI models on locally sourced data, resulting in more accurate algorithms and improved AI-powered diagnostics. Additionally, all finalists will receive stipends to further fuel their growth and help protect their intellectual property.
Highlighting the L2Pro Africa IP E-Learning Platform
In an effort to harness Africa’s vast potential for innovation and creativity, the L2Pro Africa IP e-learning Platform provides further support to startups across Africa. This free online training program, developed in collaboration with Adams and Adams, Africa’s leading IP law firm, is designed to empower startups, SMEs, and researchers across the continent.
The platform provides essential knowledge and tools to protect and maximize innovations, addressing the pressing challenge of limited patent activity in Africa. By equipping innovators with the skills needed to safeguard and commercialize their inventions, L2Pro Africa aims to unlock new economic opportunities and foster a thriving ecosystem of innovation.
Launch of Qualcomm Make in Africa Startup Mentorship Program 2025
Building on the success of previous years, Qualcomm is excited to launch the Make in Africa 2025 program. Applications are now open. Details can be found here: https://www.qualcomm.com/company/locations/africa/qualcomm-make-in-africa
“The Make in Africa startups are disrupting traditional industries and tackling socio-economic challenges, crafting innovative solutions with global market reach by using AI, advanced connectivity, and IoT,” said Wassim Chourbaji, SVP & President, Qualcomm MEA & SVP, Government Affairs EMEA,.
“This startup mentorship program reflects Qualcomm’s commitment to support promising early-stage deep tech startups, empowering local talents, creating jobs and driving economic growth.”
Highlights: The Qualcomm Make in Africa 2024 program supported ten startups from six African nations, addressing challenges in healthcare, agriculture, AI, and industrial sectors.
- Nigerian startup, Kitovu, was among this year’s finalists. Founded by Nwachinemera Emeka, Kitovu is revolutionizing agriculture with its WareGuard smart warehouse management solution, designed to reduce post-harvest losses and enhance food security for millions of farmers.
- Aurora Health Systems of Kenya was announced as the winner of the 2024 Wireless Reach Social Impact Fund.
- Applications for Qualcomm Make in Africa 2025 are now open.
Telecom
S Mobile Enhances Data and Airtime Access for Students in Nigeria
In alignment with MTN Nigeria’s vision for digital transformation and inclusion, S Mobile is making significant strides to support technological advancement and improve access to digital services in Nigeria.
By partnering with tertiary institutions and empowering young minds across Southeast Nigeria, S Mobile is playing a pivotal role in MTN’s Ambition 2025 – a corporate initiative centered on creating a human-centric, tech-driven future for Nigeria.
Speaking on the development, Gabriel Onu, Chief Digital Strategist at S Mobile group, said they have partnered with students in tertiary institutions across Southeast Nigeria to provide easy access to affordable data solutions.
“Recognizing the role of data in modern education, this partnership is aimed at enhancing students’ connectivity, enabling them to access educational resources, communicate effectively, and thrive in an increasingly digital academic environment.
“In addition, S Mobile has introduced MTN MOMO, a financial technology solution, to these institutions. MOMO offers students a seamless and secure way to handle financial transactions, reducing the reliance on cash and improving financial inclusion among Nigeria’s youth”, Onu said.
He said that, as part of its support for MTN’s technology vision, S Mobile established the S Mobile Tech Hub, a dynamic space dedicated to equipping young Nigerians with critical skills for the future.
“To date, the hub has trained and empowered hundreds of youths, fostering innovation, entrepreneurship, and technical expertise.
“The impact of the Tech Hub extends beyond education; it serves as a tool for societal transformation. By empowering youths with skills that enable them to achieve their potential, S Mobile is contributing to reducing crime and inspiring a new generation of tech-savvy leaders.
“This festive season, S Mobile is thanking its loyal customers with a Christmas Promo, offering affordable data packages as a token of appreciation.
“This initiative acknowledges the unwavering support of MTN’s subscribers and emphasizes S Mobile’s commitment to making digital services accessible to all.
“Through these initiatives, S Mobile is aligning with MTN’s Ambition 2025, a strategic goal focused on creating a better, more connected Nigeria. S Mobile’s contributions, from affordable data solutions to youth empowerment programs, highlight its commitment to MTN’s human-centered corporate objectives.
“Together, the partnership is not just about technological advancements but also about building a future where innovation drives progress and inclusion.
“S Mobile remains a committed partner in driving MTN’s mission for digital inclusion and national development. By empowering youths, fostering digital access, and enhancing financial inclusion, S Mobile is not just supporting MTN’s vision—it is actively contributing to a brighter and more connected future for Nigeria.
“As the year ends, S Mobile renews its pledge to support MTN’s vision, ensuring that its customers and the communities it serves continue to benefit from the transformative power of technology”, Onu said.
- Telecom2 days ago
Nigeria Risks Missing out on $1.2 Trillion AI Opportunity- NigComSat
- News2 days ago
FCCPC Warns Air Peace against Obstructing Ongoing Inquiry
- News2 days ago
Engr. Aziz, Former NIMC DG Celebrates Prof. Iya Abubakar at 90
- E-Business1 day ago
NCAC, NITDA Partner to Launch BuyNigeria.ng Platform
- Broadcasting2 days ago
NCAA Educates Passengers on Travel Challenges and Solutions
- E-Financial2 days ago
UBA to Commence Operations in Saudi Arabia by 2025
- E-Financial2 days ago
Beware of Fraudulent Giveaways this Yuletide– Moniepoint MD Warns
- Telecom2 days ago
Digital Literacy Initiative: NITDA and Ministry of Education Join Forces