Nigerian Communications Commission

Tingo Group Issues Response to Short-Seller’s Statement of September 5, 2023

Retrieved on: 
Wednesday, September 6, 2023
Insurance, Internet, Farmer, Tingo District, Interview, UGC, Glo (company), Hindenburg Research, Quarter, Electronics, USSD, Consultant, TIO, Caterpillar, Shareholder, Communications and Utilities Regulatory Authority, Record, Financial statement, WAP, Documentation, Edo, Research, Nigerian Communications Commission, Q&A, Bank statement, Nigerian naira, Dala, Sale, Movement, DMCC, Lifting, City, Kebbi State, Audit, Rare-earth element, Cryptocurrency, Online shopping, Mobile phone, Bharti Airtel, MTN

MONTVALE, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to a statement made by short seller Hindenburg Research (“Hindenburg”) on September 5, 2023.

Key Points: 
  • MONTVALE, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to a statement made by short seller Hindenburg Research (“Hindenburg”) on September 5, 2023.
  • The majority of the misinformation reported by Hindenburg in its statement of September 5, 2023 has already been addressed in the Company’s press release of September 1, 2023, as set out below.
  • On this basis the cash flow statement reflects the movement in the inventory between January 1, 2023 and June 30, 2023.
  • As of June 30, 2023, Tingo DMCC had conducted three export sales transactions totaling $348 million with customers located in neighboring countries within Africa.

Tingo Group Issues Response Into Further Allegations Made Against the Company by Short-Seller

Retrieved on: 
Friday, September 1, 2023
Insurance, Internet, Farmer, Tingo District, UGC, Glo (company), Hindenburg Research, Quarter, Electronics, USSD, TIO, Caterpillar, Chairperson, Communications and Utilities Regulatory Authority, Federal High Court of Nigeria, Record, Financial statement, Government, WAP, Documentation, Trustee, Edo, Nigerian Communications Commission, Q&A, Bank statement, Nigerian naira, Dala, Sale, Movement, DMCC, Islamabad High Court, Lifting, City, Kebbi State, Cryptocurrency, Online shopping, Mobile phone, Rare-earth element, Bharti Airtel, MTN

MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research (“Hindenburg”) on August 31, 2023.

Key Points: 
  • MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research (“Hindenburg”) on August 31, 2023.
  • Thereafter, as part of its own investigation into the Hindenburg allegations, outside counsel followed up on the items identified by independent counsel.
  • The Company holds accounts with two banks in Africa, one of which is a multi-national bank with offices in the U.S., the U.K. and Europe.
  • In addition, tax payments totaling $174.0 million were made for Tingo Mobile on its taxable earnings for fiscal year 2022.

Tingo Group Announces Completion of Investigation Into Allegations Made Against the Company in Short-Seller Report and Issues its Response

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Communication, Marketing, Farmer, Standard Bank, Visa, Acquisition, MD, Glo (company), Hindenburg Research, Quarter, National Communication Authority of Somalia, Gordon Ramsay's Bank Balance, Organization, TIO, Caterpillar, Hindenburg, Communications and Utilities Regulatory Authority, Record, Food, Form, Nigerian Communications Commission, Workforce, Partnership, Bank statement, Dala, Bank, National Communications System, Food delivery, Mobile phone, Online shopping, Cryptocurrency, Bookkeeping, Tingo District, Bharti Airtel, MTN

The Company’s outside counsel then conducted its own investigation into the allegations, which included following up on the items identified by independent counsel.

Key Points: 
  • The Company’s outside counsel then conducted its own investigation into the allegations, which included following up on the items identified by independent counsel.
  • Resignation of Director: Christophe Charlier was a co-Chairman of OTC-listed company, Agri-Fintech Holdings, Inc., which sold Tingo Mobile Limited to the Company on November 30, 2022.
  • Tingo Foods Revenue and Operating Margin: The revenue reported by Tingo Foods in Q1 2023 and its operating margin of 24.8 % has been confirmed.
  • The two farming cooperatives referenced in the Hindenburg report were Kebbi and Ailoje, to which Tingo Mobile has leased 4.5 million and 4.844 million phones respectively.

LAMEA Mobile Virtualization Market Report 2022: Featuring Blackberry, IBM, Oracle, Microsoft, Samsung, AT&T, Broadcom, VMware and Cellrox - ResearchAndMarkets.com

Retrieved on: 
Friday, January 27, 2023
Technology, Mobile, Wireless, Telecom, GDP, Blackberry, Construction, OS, Networking hardware, Nigerian Communications Commission, Investment, Country, Smartphone, Communications and Utilities Regulatory Authority, Public sector, Others, Education, Oracle Corporation, Hormuud Telecom, SME, FCC v. AT&T Inc., IBM, Broadcom Inc., Policy, Health care, BFSI, ICT, AT, VMware, NCC, Microsoft, Hypervisor, Video game, Mobile phone, Vertical

Mobile virtualization solutions are required due to the expanding usage of machine-to-machine technology, cell phones, and other technology-enabled devices.

Key Points: 
  • Mobile virtualization solutions are required due to the expanding usage of machine-to-machine technology, cell phones, and other technology-enabled devices.
  • Furthermore, mobile virtualization is required to reduce any possible risks because private data is saved on the device.
  • The Brazil market dominated the LAMEA Mobile Virtualization Market by Country in 2021; thereby, achieving a market value of $344.7 million by 2028.
  • Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Nigeria Data Center Market Outlook Report 2021-2022 & 2027 - Smart City Initiatives Combined with Upcoming Rollout of 5G Technology and Growing Tech Ecosystem - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 19, 2022
Technology, Data Management, Cloud, Adoption, Period, Telecom, National broadband plan, Government, Growth, Phase3 Telecom, Nigeria Vision 2020, Cloud computing, Nigerian Communications Commission, ICT, COVID-19, Investment, Science and technology in Asia, Internet, Communications Commission, Policy, Food delivery, Film, Vertical

Government initiatives coupled with growing tech ecosystem would create opportunities for data center market in the coming years.

Key Points: 
  • Government initiatives coupled with growing tech ecosystem would create opportunities for data center market in the coming years.
  • Nigeria Data Center Market report thoroughly covers the market by types, verticals, and regions.
  • In Nigeria Data Center Market, telecom & IT vertical have led the overall market revenues accounting more than 45% of the market revenues in 2020.
  • Historical Data and Forecast of Revenues, By Types, Verticals, and Regions for the Period 2017-2027F
    Nigeria Data Center Market Revenue Ranking, By Company
    Nigeria Data Center Market - Existing Gap Analysis, Capacity Vs Requirement

Nigeria Construction Industry Report 2022: Industry Is Forecast to Grow by 5.7% in 2022, Up from Growth of 3.1% in 2021 - Forecasts 2023-2026 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 24, 2022
Utilities, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Energy, Construction & Property, City, Federal government of Nigeria, NCC, Housing, Nigerian Communications Commission, Digital economy, Telecommunication, Investment, Government, National Policy, Private sector, Federation, Industry, FY, Growth, Commercial, SEZ Corridor, Sector, Communications Commission, National Development Plan, Construction, NIPC, Renewable energy, Animal

Nigeria's construction industry is forecast to grow by 5.7% in 2022, picking up from growth of 3.1% in 2021.

Key Points: 
  • Nigeria's construction industry is forecast to grow by 5.7% in 2022, picking up from growth of 3.1% in 2021.
  • Growth in the industry will be supported by the gradual recovery in overall economic conditions and investments in the infrastructure, healthcare and energy sectors; however, total construction output will not surpass 2019 levels until 2023.
  • In December 2021, the federal government announced the National Development Plan 2021-2025, with a focus on economic rejuvenation, including strengthening industrialization.
  • Furthermore, in September 2021, the government announced the approval of the National Policy on 5G Networks for Nigeria's Digital Economy.

HTS Growth Pushes VSAT & Broadband Satellite Market to Require 15 Tbps of Capacity by 2030

Retrieved on: 
Thursday, December 9, 2021
Cloud, LEO, Data-rate units, RSCC, SES, Research, AT&T, GLOBE, SpeedCast, SSi Canada, OneWeb, GCI, KDDI, HTS, BBNL, Engineering, UHP, SpaceX, Globe, NSR, Â, Sonali Bank, Social exclusion, Industry, VSAT, GEO, BT, 2011 New Year Honours (New Zealand), PSN, Organization, SD, Bangladesh Communication Satellite Company Limited, Canada, Consumer, Al Yah Satellite Communications, INR self-monitoring, Nigerian Communications Commission, Consumer Broadband and Digital Television Promotion Act, Intelsat, AMN, Vox, TIM, ST Engineering, Bangladesh, NAM, Alaska Communications, Renewable energy, Communications satellite

CAMBRIDGE, Mass., Dec. 09, 2021 (GLOBE NEWSWIRE) -- NSRs newly released VSAT and Broadband Satellite Market, 20 th Edition (VBSM20) finds HTS, a major market growth factor, moving the segment from 800 Gbps in 2020 demand to 15 Tbps in 2030.

Key Points: 
  • CAMBRIDGE, Mass., Dec. 09, 2021 (GLOBE NEWSWIRE) -- NSRs newly released VSAT and Broadband Satellite Market, 20 th Edition (VBSM20) finds HTS, a major market growth factor, moving the segment from 800 Gbps in 2020 demand to 15 Tbps in 2030.
  • These basic components lay the groundwork for a strong VSAT market in the long-term, though near-term challenges do continue to slow market the growth pace, with mixed trends visible across applications and regions, adds Prasad .
  • Capacity supply constraints also slow overall growth in the segment as the industry awaits upcoming capacity in LEO and GEO to capture opportunity.
  • NSRs VSAT and Broadband Satellite Market, 20 th Edition isthe longest-running industry analysis of the fixed broadband satellite sector.