Africa's telecoms sector will undergo more M&A activity as its markets continue to consolidate as they mature, Moody's Investors Service says in a new report.

The report, M&A Activity to Reshape Competitive Environment as Markets Mature and Consolidate, on Moody’s website, says that it expects more consolidation within markets as existing operators –particularly smaller third or fourth tier companies – look for ways to cut costs and expand their market share. The African telecoms ma