Hits Telecom Holding Company

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Recent Articles

• Hits Africa stalls as funding dries up15 July 2009

  Ex-employees take legal action over unpaid wages and severance packages

• Hits Telecom acquires 51% of Metrored Movil20 July 2008

  KSA-based operator plans to start MVNO in Spain in September.

• Hits Africa rolls out mobile network in Tanzania19 June 2008

  Company plans to invest US300 million in first stage of network rollout.

• Hits unveils new management team15 April 2008

  Seasoned telco executives will be charged with expanding Hits' business in Africa

• Saudi's HITS to expand in Africa, Latin America8 April 2008

  Mobile telecom also looking to acquire majority stake in European operator.

• Hits Africa to launch telecom services for Equatorial Guinea24 March 2008

  Telecom monopoly set to end in the Central African country as Hits prepares to enter the market

• HITS Africa gets $80mn Madina injection19 September 2007

  African unit of the Saudi telco to raise paid-up capital to $300mn with Kuwaiti investment.

• HITS Telecom in African expansion17 June 2007

  HITS Telecom aims to raise $300m for expansion by selling a stake in its African subsidiary.

• Saudi telco eyes $1bn in Africa deals11 June 2007

  HITS Telecom is looking to buy seven licences in Africa and will target up to 6m users.