GlobeNewswire by notified

Tizeti to tackle broadband underdevelopment in Cote d’Ívoire with Microsoft

Share

ABIDJAN, Cote d’Ívoire, May 17, 2023 (GLOBE NEWSWIRE) -- Tizeti, a leading internet service provider in West Africa, announced an expanded collaboration with Microsoft to address the issue of broadband underdevelopment in Cote d’Ívoire and bring internet access to almost 5 million people.

The partnership aims to provide affordable and reliable high-speed internet access to underserved communities and people in the country, addressing the significant broadband gap that has hindered economic development and social progress in the region and empowering more Ivorians to participate in the digital economy.

Cote d’Ívoire is believed to have less than 40% internet penetration, with fixed internet around 2%. The fixed internet and broadband sectors remain underdeveloped in Cote dÍvoire, due to a legacy of poor international connectivity, which resulted in high wholesale prices, limited bandwidth, and a lack of access for alternative operators to international infrastructure. Operators such as MainOne, and Africa Coast to Europe have subsea infrastructure, with 2Africa expected to land in 2023. While the submarine cable vertical is more competitive, Cote d’Ívoire has limited last-mile providers who pull the internet capacity and distribute it to homes, offices, schools, hospitals, and other public institutions.

Tizeti will roll out high-speed internet infrastructure with Microsoft’s Airband Initiative, leveraging Tizeti’s low-cost wireless technologies. This will help make it easier and cheaper for people to access the internet and connect to the digital economy. These shared efforts are part of the Microsoft Airband Initiative’s commitment to bring internet access to 100 million Africans by the end of 2025, which aligns with Tizeti’s goal of connecting more people to the internet in a cost-efficient way.

"We are thrilled to partner with Microsoft to bring reliable and affordable high-speed internet access to underserved communities in Cote d’Ívoire," said Kendall Ananyi, Chief Executive Officer of Tizeti. "Our mission at Tizeti is to bring affordable and reliable internet to more Africans outside the digital envelope, and this partnership is a significant step forward in achieving that goal. This work with Microsoft continues our joint efforts to deliver world-class internet connectivity to the people of Africa, starting with Nigeria and now Cote d’Ívoire."

Microsoft’s Airband Initiative is focused on advancing digital equity—access to affordable internet, affordable devices, and digital skills—as a platform for empowerment and digital transformation across the world.

“Through our expanded partnership with Tizeti, we are committed to providing high-speed internet access to five million people in Cote d’Ivoire by the end of 2025,” said Vickie Robinson, General Manager of Microsoft’s Airband Initiative. “Partners such as Tizeti are vital to the Airband ecosystem, which relies on local expertise along with public and private organizations of every size to tailor regional solutions. The expansion to Cote d’Ivoire will help build sustainable infrastructure that strengthens local development and reduces barriers to connectivity."

For many countries in Africa, there is still a huge digital divide. This boundary between connected and unconnected translates into clear consequences for employment, education, family and social life, and access to information. Collaborations such as this play a significant role in addressing the digital infrastructure deficits in emerging economies, leveraging innovative technology and capabilities, to improve development outcomes for millions of people.

About Tizeti

Tizeti is a fast-growing Wireless Internet service provider in Nigeria, Ghana and Cote d’Ivoire delivering high-speed unlimited Wi-Fi Internet access to residential and business customers using wide-area Wi-Fi.

Contact: Temitope Osunrinde (press@tizeti.com)

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Nokia Corporation: Repurchase of own shares on 03.05.20243.5.2024 21:30:00 CEST | Press release

Nokia Corporation Stock Exchange Release 03 May 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 03.05.2024 Espoo, Finland – On 03 May 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL379,8083.44CEUX--BATE--AQEU--TQEX--Total379,8083.44 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million. Total cost of tra

Novo Nordisk A/S: Trading in Novo Nordisk shares by board members, executives and associated persons3.5.2024 19:48:16 CEST | Press release

Bagsværd, Denmark, 3 May 2024 — This company announcement discloses the data of the transaction(s) made in Novo Nordisk shares by the company’s board members, executives and their associated persons in accordance with Article 19 of Regulation No. 596/2014 on market abuse. The company’s board members, executives and their associated persons have reported the transactions to Novo Nordisk and have given Novo Nordisk power of attorney on their behalf to publish trading in Novo Nordisk shares by the company’s board members, executives and their associated persons. Please find below a statement of such trading in shares issued by Novo Nordisk. Details of the person discharging managerial responsibilities/person closely associated a)Name of the Board member/Executive/Associated PersonMaziar Mike Doustdar2 Reason for the notificationa)Position/statusExecutive Vice Presidentb)Initial notification/AmendmentInitial notification3 Details of the issuera)NameNovo Nordisk A/Sb)LEI549300DAQ1CVT6CXN342

Subsea 7 S.A. notification of major holding3.5.2024 18:32:01 CEST | Press release

Luxembourg –3 May 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 3 May 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: On 30 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency Law attached to shares was 1,044,272 On 30 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (a) of the Transparency Law (right to recall) was 13,906,019On 30 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (b) of the Transparency Law (swaps) was 499,740 When combined, the above positions equate to 5.07% of voting r

NGS Group AB: NGS Group offentliggör utfall i riktad emission om 16,1 MSEK3.5.2024 18:00:00 CEST | Pressemelding

NGS Group AB:s (publ) (”NGS Group” eller ”Bolaget”) nyemission av aktier riktad till strategiska investerare om cirka 16,1 MSEK, före emissionskostnader (den ”Riktade Emissionen”) som beslutades av styrelsen den 29 februari 2024 och godkändes av den extra bolagsstämman den 26 mars 2024, har tecknats med totalt 4 962 577 aktier. Genom den Riktade Emissionen tillförs Bolaget cirka 16,1 MSEK, före avdrag för emissionskostnader. Utfall i den Riktade Emissionen Hugo Lewné och Nils Sjögren har tecknat och tilldelats totalt 4 962 577 aktier motsvarande cirka 16,1 MSEK i den Riktade Emissionen. Storleken på den Riktade Emissionen styrdes av teckningsgraden i den nyemission av aktier med företrädesrätt för befintliga aktieägare om ca 35,2 MSEK, före emissionskostnader (”Företrädesemissionen” och tillsammans med den Riktade Emissionen ”Emissionerna”) vari slutligt utfall offentliggjordes den 29 april 2024. Då Företrädesemissionen övertecknades innebär det att den Riktade Emissionens omfattning ä

Bulletin from BTS Group AB's Annual General Meeting3.5.2024 17:34:40 CEST | Press release

Stockholm May 3, 2024 The Annual General Meeting approved the proposed dividend to shareholders of SEK 5,70 per share, divided into two payment occasions of SEK 2,85 each. The record date for the first payment of SEK 2,85 was determined to Tuesday May 7, 2024 and for the second payment of SEK 2,85 was determined to Wednesday November 13, 2024. The first payment is expected to be made on Monday May 13, 2024 and the second payment is expected to be made on Monday November 18, 2024. The Annual General Meeting discharged the members of the Board of Directors and the CEO from liability for the financial year 2023 and approved the remuneration report for 2023 prepared by the Board of Directors. The Annual General Meeting approved the remuneration to board members to a total of SEK 1,735,000, of which SEK 525,000 to the Chairman and SEK 235,000 to each of the other board members, and SEK 60,000 to the Deputy Board member. A total fee of SEK 225,000 shall be paid for committee work. Mariana Bu

HiddenA line styled icon from Orion Icon Library.Eye