Companies

An African investment group has increased its stake in South African broadband internet provider MetroFibre Networx to 37%, making it the biggest shareholder.

Twilio has invested US$750 million in Syniverse, in a completion of “plan B” of the messaging company’s plan following the collapse of a project to get it listed.

The global video game industry is valued at over $300 billion - that’s more than the film and TV industries combined. But as revenues have grown, so too has the cost of creating these blockbuster games. Not only can development costs for AAA video game franchises such as Grand Theft Auto V, Call of Duty and Final Fantasy easily surpass the $100 million mark, but the video game industry has been slowly moving away from single-player games in favour of multiplayer experiences. Often because they’re easier to monetise, but also due to consumers favouring social gaming experiences.

Cinturion Corp has entered into an agreement with Lightstorm as its landing partner in India.

iQSTEL confirms the acquisition of Whisl Telecom, a US-based telecoms operator in Houston, Texas, for $1.25 million cash.

Pharrowtech has closed a €15 million Series A funding round to continue to support the development of 60GHz wireless RF transceivers and antenna technology.