African Tech Deal of the Year

Nokia shareholders in November voted in favour of the sale of the company’s devices and services section to Microsoft, at a price tag of US$7.36 billion.  Microsoft is also granted a 10 year non-exclusive licence to Nokia’s patents. The sale is likely to conclude in early 2014 – currently awaiting regulatory approvals – with approximately 32,000 Nokia employees expected to transfer to Microsoft. The deal sees the Windows Phone platform united with its biggest hardware supplier, and paves the way for Windows Phone/Nokia devices to take over the African market, in which Nokia handsets have proven popular to date. With the Windows Phone platform already being touted as a favourable solution for African markets – under Microsoft’s 4Afrika initiative – and Nokia producing a range of low-cost smartphones suited to lower-income environments, the deal sees the beginning of a potential African market titan.

Richard Cutcher: As news broke that MTN had invested US$75 million in Amadeus Capital Partners, a technology fund targeting emerging markets, at first it appeared Africa’s best-known telecommunications brand was giving something back to the industry it profits so immensely from. However, after interviewing the managers of the fund, HumanIPO established MTN is more interested in taking advantage of the growing mobile sector by boosting foreign ventures to serve the African industry rather than any of the continent’s talented developers and entrepreneurs. As a single indicator of the stupidity surrounding moneymen of African telecommunications, this was surely the ‘African’ tech deal of the year.

source:www.humanipo.com