Malawi telcos dealt heavy blow with Kwacha devaluation
Telekom Networks Malawi and Airtel Malawi both project subdued results for half-year ended 30 June.
Michael Malakata
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Telekom Networks Malawi interim profit plunges 20%
Local telecommunication firms cut transaction fees for mobile money in April in a bid to ease the burden on subscribers amid COVID-19.
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Telekom Networks Malawi expects 50% growth in after-tax profit
Telco aims to invest US$30 million in an upgrade of its 4G network.