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Liquid Telecom Rebrands to Liquid Intelligent Technologies in Kenya

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Liquid Intelligent Technologies - Investors King

Liquid Intelligent Technologies Kenya, part of the Liquid Intelligent Technologies group, a pan-African technology company, unveils its new brand identity. This rebrand reflects the organisation’s extensive business transformation from being a telecommunications and digital services provider to a full one-stop-shop technology group for local businesses.

Over the last two decades, Liquid has firmly established itself as the leading pan-African digital infrastructure provider. This rebrand to Liquid Intelligent Technologies highlights the organisation’s expansion of its Cloud business, Cyber Security services, and other technologies added to its existing telecoms and connectivity capability.

Liquid Intelligent Technologies will expand its Managed Services offerings to drive and ensure successful adoption of tools to re-imagine their customers’ businesses and how they work and connect. Whether they are focused on enabling collaboration or utilising the most advanced cloud applications.

As a Microsoft Gold Partner, Liquid Intelligent Technologies is redefining Network, Cloud and Cyber Security offerings through strategic partnerships with leading global players, bringing innovative business applications, intelligent cloud services and world-class security to the African continent. Liquid Kenya was recently recognised as the winner in the Most Innovative Product or Service category at the 2021 East Africa Com for our partnership with Twiga Foods precision farming techniques enabled by our IoT network in Kenya

Commenting on the rebrand, Adil El Youssefi, CEO for Liquid Intelligent Technologies East Africa, said, “Through a five-year development plan under the Big Four Agenda, the government has been working towards transforming the country to ensure that all citizens have access to a high quality of life. Our recent award at East Africa Com recognises our contribution towards ensuring food security through the use of our IoT network, reiterating our capabilities as a digital service provider for businesses in the public and private sector. This rebrand is our reaffirmation to all our customers that we are a one-stop-shop technology company bringing African Intelligence to Kenya. Our unique digital solutions such as Cloud services, Managed Services, Cyber Security have enabled us to be a leading contributor to make Vision 2030 a reality as well”.

With the future of network security-driven from the Cloud, Liquid Intelligent Technologies’ recently launched its Cyber Security business unit, which uniquely delivers security at its core, protecting your business’s data throughout its lifecycle.

“Liquid Intelligent Technologies in Kenya has been providing digital services to customers in addition to Digital Infrastructure to access to our extensive and reliable fibre connectivity and Data Centres. This rebrand will allow us to further create recognition with local businesses that we provide digital solutions in addition to the usual connectivity services, enabling them to accelerate their digital transformation, which is key in today’s hybrid workspace. We are very proud as Liquid Kenya to share this bold statement that we are a technology company accelerating the Digital Economy by providing African solutions to African challenges” concludes Ben Roberts, Group Chief Technology and Innovation Officer, Liquid Intelligent Technologies.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Telecommunications

NCC Files Copyright Infringement Charges Against MTN Nigeria and Others

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Karl O Toriola - Investorsking.com

The Nigerian Copyright Commission (NCC) has taken legal action against MTN Nigeria Communications Ltd. and four individuals, including its Chief Executive Officer, Karl Toriola, over alleged copyright infringement.

The charges, filed in the Federal High Court, Abuja Division, revolve around the unauthorized use of musical works belonging to artist Maleke Idowu Moye.

According to the NCC, the defendants are accused of offering for sale, selling, and trading musical works of Maleke without his consent between 2010 and 2017. These works were allegedly used as Caller Ring Back Tunes without proper authorization.

The musical pieces in question include popular tracks such as “911,” “Minimini-wanawana,” and “Stop racism,” among others.

The commission further alleges that the defendants distributed these musical works to subscribers without authorization, infringing upon the rights of the artist.

The charges are based on provisions of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

As the case awaits assignment to a judge and a fixed date for mention, it marks a significant development in the ongoing efforts to uphold copyright protection in Nigeria’s telecommunications sector.

This legal action underscores the NCC’s commitment to safeguarding the intellectual property rights of artists and creators within the country.

MTN Nigeria, a major player in the telecommunications industry, now faces a legal battle that could have broader implications for how intellectual property rights are respected and enforced within Nigeria’s digital landscape.

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Telecommunications

MTN’s MoMo Sees 32.2% Surge in Transaction Volumes

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MTN Nigeria - Investors King

MTN Group’s mobile money platform, MoMo, has experienced a 32.2% surge in transaction volumes.

With 72.5 million active users, MoMo continues to solidify its position as a leading fintech service provider in Africa, tapping into the continent’s burgeoning mobile banking sector.

The company’s success underscores the growing trend of Africa’s young and tech-savvy population embracing mobile technology to address financial needs.

Mobile phones are increasingly becoming a tool for bridging gaps in services, particularly in banking, presenting a lucrative opportunity for wireless carriers like MTN to capitalize on the burgeoning fintech market.

MTN’s achievement comes as it finalizes a deal with Mastercard Inc., valuing its fintech business at an impressive $5.2 billion.

This strategic partnership further enhances MTN’s position in the digital finance space, positioning it for continued growth and innovation.

However, MTN is not alone in its fintech endeavors. Rivals such as Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd. are also making strides in digital transformation, with plans to separate and monetize their fintech businesses in the long term.

Airtel Africa, for instance, is reportedly considering an IPO for its mobile money unit, indicating the high stakes and intense competition within the sector.

Despite the remarkable success in its fintech ventures, MTN faced challenges in its core telecommunications business, with service revenue growth slowing to 6.8%.

Inflation and currency devaluation in key markets, particularly Nigeria, impacted profitability, highlighting the complexities of operating in diverse African markets.

As MTN continues to expand its fintech footprint and invest in infrastructure to enhance connectivity across the continent, it remains poised to capitalize on the immense potential of Africa’s digital economy.

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Telecommunications

Telecom Operators Grapple with Rising Diesel Costs, Spending Hits N50.28 Billion

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Telecommunications - Investors King

As diesel prices continue to soar, Nigeria’s telecom operators are facing mounting challenges with expenditure on fuel hitting N50.28 billion in February.

This represents a 50.20 percent increase from the N33.48 billion spent in the same period last year, reflecting the growing financial burden imposed by escalating fuel costs on the sector.

Diesel serves as a critical component in powering telecom infrastructure, including base stations, which heavily rely on generators due to the country’s unreliable grid electricity.

Industry estimates suggest that operators consume an average of 40 million liters of diesel per month to sustain telecom sites, with prices reaching N1,257.06 per liter in February 2024.

The reliance on diesel for powering essential infrastructure has become increasingly unsustainable, threatening the sector’s operational viability.

Gbenga Adebayo, president of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), emphasized the adverse impact of diesel costs on the industry’s sustainability, noting that infrastructure companies bear the brunt of these expenses.

Adebayo highlighted the urgent need for new pricing regimes to address the widening gap between production costs and current telecom service prices.

While investments in alternative energy sources such as solar power present opportunities for mitigating diesel reliance, challenges such as intermittent supply and vulnerability to theft underscore the complexity of the situation.

The escalating diesel costs have prompted telecom operators to advocate for adjustments in service pricing to ensure the sector’s long-term viability.

As the industry grapples with these challenges, stakeholders are calling for collaborative efforts to address the root causes of the rising fuel expenses and safeguard Nigeria’s telecom infrastructure.

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