A customer makes a call from a cellular phone shop in Harare, Zimbabwe

Stringer / REUTERS

Nigeria gives Nitel bidder more time to pay

Nigeria's privatisation agency on Friday gave the consortium behind a $2.5 billion bid for former state telecoms monopoly Nitel 20 more days to pay a deposit, prolonging uncertainty over the sale.

BT share price down on FTSE 100 despite FY profit rise

Shares in BT were down on the FTSE 100 in morning trading after the telecoms company reported a rise in pre-tax profit despite a fall in revenue in the year ended 31 March.

Skype's owners set to make $5 billion: source

Skype's owners, led by private equity firm Silver Lake, are set to earn more than three times their investment, for a total capital gain of more than $5 bi...

Burkina Faso: Onatel reports 77 pct fall in net results

Burkina Faso telecoms company Onatel has reported a 77.21 percent fall in net result for the first quarter of 2011, hit by lower tariffs charged to clients compared with the same period last year.

YouTube adds Hollywood movies for rental

YouTube is adding more than 3,000 mainstream movies for users to rent starting on Monday, along with the millions of free user-created videos the popular website is best known for.

Dubai

A security guard walks past a shipment of copper in a file photo.

Dubai firm plans $500 mln copper smelter in Tanzania

10:13 AM ET

Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a...

Nigeria

Nigeria's FCMB 9-month pre-tax profit up 62 pct

10:21 AM ET

Nigeria's First City Monument Bank said on Monday its pre-tax profit rose by 62 percent to 9.88 billion naira for the nine months to September, from 6.