Author: Loni Prinsloo

MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other

MTN Group appointed Felleng Sekha to the newly created position of head of regulatory affairs, part of a management shake-up at the wireless carrier following a record US$1bn fine in Nigeria, according to three people familiar with

MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two

The South African government has allocated R2,5bn for a push to roll out broadband networks across the country over the next three years, a potential boon to telecommunications carriers such as Telkom. The first phase of the project will

Vodacom has won an estimated R5bn contract with the South African government as the national treasury seeks to cut costs, according to three people familiar with the matter. The tender is to supply as many as 1,3m government

Government will decide this week whether to partly privatise South Africa’s second largest fixed-line operator, Broadband Infraco, as the company…

Telkom agreed to stop giving financial help to directors to buy shares in the company three years after a loan to former chief financial officer Jacques Schindehütte was found to have breached the terms of the

Telecommunications group MTN started a R9,9bn empowerment plan that will boost black ownership of its South African unit to more than 30% and allow Africa’s biggest mobile operator to bid for high-speed Internet

A planned sale of shares in Vodacom by the Public Investment Corp to black investors has been abandoned, according to two people familiar with the situation. The proposed sale by Africa’s biggest

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that