Qihoo 360 invests $409M in Coolpad venture

Qihoo 360, a leading internet company in China, is investing $409 million to take a 45 per cent stake in a joint venture with smartphone maker Coolpad. The venture will design, manufacture and market mobile devices that are distributed via …

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IHS to take over MTN Nigeria’s towers through joint venture

African tower management specialist IHS Holding (IHS) announced today it has agreed on principle on a joint venture to form a new towers company with operator MTN. Under the deal, which is expected to reduce MTN’s operational cost, boost network efficiency and expand its voice and data capacity, IHS will have full operational control of MTN’s 9,151 mobile network towers in Nigeria.