US technology leaders Microsoft has shocked its workforce by announcing that it plans to cuts ‘thousands’ of jobs as part of company reorganization strategy. However, it’s been reported from a source close to Microsoft that most of the reductions will be made outside of the US, and will target staff in its sales and marketing departments. Some analysts are claiming that the restructuring of the organization is being driven by the fact Microsoft aims to double down on its fast-growing…

Tanzania in southern Africa will allow investors from outside the country to take part in telecom operator listings after previous attempts fell through, Bloomberg reported, such as an IPO of Vodacom Tanzania, which struggled in the face of limited local demand. The report noted that Vodacom hasn’t yet announced the result of its offer, leading to a delay in listing. Another telco moving toward an IPO is Millicom’s Tigo Tanzania. “Tanzanians, Tanzanian companies, Tanzania in the diaspora, joint ventures between…

French telecom giant Orange announced it has launched the sell-down of approximately 133 million shares that its subsidiary Atlas Services Belgium owns in BT, representing around 1.33 % of the share capital of BT, through a private placement by way of an accelerated bookbuilt offering. BT will acquire up to GBP 200m in the placement of BT shares, part of which for the benefit of its Employee Share Ownership Trust, at the placement price. Such order will be fully allocated…