Audio By Carbonatix
South Africa will hold a long-delayed auction of 4G mobile spectrum by April as the government seeks to extend high-speed internet to a greater portion of Africa’s most industrialized economy, said Telecommunications Minister Siyabonga Cwele.
The sale is likely to attract interest from wireless carriers including Vodacom Group Ltd. and MTN Group Ltd., which have long bemoaned a lack of opportunities to expand services. An auction was delayed in previous years by a dispute between the government and the industry regulator over how to proceed.
“The auction next year will ensure continued investment by the operators, who invest 25 billion rand ($1.7 billion) a year,” Cwele said. “A block of spectrum will also be made available for new entrants into the sector.”
A spectrum auction could help reduce prices, the minister said. It would follow two years of policy uncertainty that made investors reluctant to put cash into the industry, Vodacom Chief Executive Officer Shameel Joosub said at a conference in Johannesburg.
Vodacom’s shares have declined 18 percent this year, compared with a 12 percent fall on the FTSE/JSE Africa Top40 Index.
Latest Stories
-
Mr President, Ghana was mentioned at the UN; why aren’t we talking about it?
2 hours -
Accra to convene Africa’s regulators and markets on tokenisation at AVAS 2026
3 hours -
The Paradox of Plenty — When every smartphone becomes a newsroom
3 hours -
GTA sensitises taxi drivers in ‘Know Ghana’ tourism campaign
4 hours -
Archbishop Agyinasare calls for responsible speech amid growing social media abuse
4 hours -
‘It will be inexcusable for gov’t not to honour payment of teachers’ arrears by 30th October’ – Haruna Iddrisu
5 hours -
Forbes’ World’s Best Employers 2026: No Ghanaian firm ranked among 900 companies
5 hours -
Electronic processing of teachers’ data: ‘The decision is the Controller’s’ – GES boss
5 hours -
Teachers’ Strike: Haruna Iddrisu questions paper-based processing of promoted teachers’ data
5 hours -
Savannah Region: Kunfusi bridge collapses again, leaving nearly 4,000 residents cut off
5 hours -
Teachers’ strike: GES targets Monday deadline to submit promotion data to Controller
5 hours -
Inflation to average 11.3% in 2027 – Fitch Solutions
5 hours -
‘I didn’t campaign for NDC to come and do this nonsense’ – Kpebu on EOCO’s conduct
6 hours -
Fitch Solutions maintains policy rate forecast of 14% by December 2026
6 hours -
Diaspora Nasara Caucus congratulates Mohammed Ali Suraj, new NPP executives
7 hours