MTN Group has warned that renewed US-led economic sanctions against Iran had once again tied up funds in its second biggest market, scuppering plans to turn the country into a cash cow after years of troubles.
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Naspers’s Video Entertainment unit, which has oversight of DStv parent MultiChoice, has created a new Connected Video unit and appointed a CEO to lead it.
Cryptocurrencies slumped on Wednesday, with bitcoin tumbling below $6 500 for the first time since July.
MTN South Africa has improved profitability on the back of a strong retail consumer business, though its enterprise segment is not turning around as quickly as had been hoped, putting pressure on service revenue growth.
Cape Town-based mobile loyalty software company wiGroup has been hit by what it’s terming “financial mismanagement”, which has led to forensic auditors being brought in.
NTT on Tuesday announced a major restructuring affecting several of its principal subsidiaries, including Dimension Data, NTT Communications and NTT Data, intended to make the group “more competitive and profitable” on the global stage.
Japan’s Nippon Telegraph and Telephone Corp will merge its subsidiaries Dimension Data, NTT Communications and NTT Data, Nikkei Asia Review reported, confirming a report last week by TechCentral about the plans.
The Advertising Standards Authority of South Africa has ruled that Vodacom is not in breach of the advertising codes in claiming to have South Africa’s best network in its advertising materials, delivering a setback to rival MTN.
An organisation calling itself the Durban Anti-Cell Mast Alliance on Friday filed papers at the high court in Durban to stop MTN South Africa from rolling out new towers in the coastal city, it said.
Safaricom has accused Kenya’s telecommunications regulator of failing to enforce investment requirements for smaller competitors in return for their licences, meaning its market share went unchallenged.