Toshiba under pressure to consider ‘Plan B’ as chip sale falters: sources leftright 2/2leftright
Businessam Staff
July 7, 2017
As the $18 billion sale of Toshiba Corp’s memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said – including picking a new buyer. Those people say Toshiba’s leadership is sticking to Plan A: selling […]
Etisalat Nigeria repaid $500m of loan amount before default
Businessam StaffJune 22, 2017
Etisalat Nigeria reportedly repaid $500 million of $1.2 billion in loans owed to banks before it defaulted in February as a consequence of currency devaluation. A senior executive told Reuters on Thursday. Talks between Etisalat Nigeria and lenders to restructure the $1.2 billion loan agreed in 2013 have failed to produce a deal, forcing the banks to […]
MainOne launches open-connect service to position as West Africa’s largest Internet hub
Businessam StaffJune 19, 2017
MainOne has announced a new inter-connect service for carriers, enterprises and ISPs called Open-Connect to facilitate improved interconnection, collaboration and peering. The new service is a fallout of MainOne’s data centre company’s (MDXi’s) partnership with the Nigerian Internet Exchange (IXPN). According to a statement from the company, Open-Connect guarantees the best cross connect services in […]