MTN’s share price slumped by more than 8% on Tuesday morning over fresh concerns among investors about whether the group, which is listed on the JSE, will have to pay the full amount of a
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A day after reassuring the country that Eskom plans to avoid load shedding in the foreseeable future; it celebrated its 100th day without cutting power supply on Tuesday. The backlog in the maintenance programme of its ageing power plants is making steady progress, improving
Telkom will have an agreement in place with a preferred video-on-demand (VOD) provider by early in the new year, according to group CEO Sipho Maseko. “We are making good progress,” he said
Blue Label Telecoms chief operating officer Mark Pamensky has resigned “to pursue personal business interests”, the JSE-listed group said on Monday. Although he has informed the board of
Nigerian regulators’ decision to extend a 16 November deadline to fine MTN R75bn suggests discussions are making headway, says an analyst. The Nigerian Communications Commission issued
Eskom CEO Brian Molefe says although this year’s summer is expected to be hotter than last year’s, the power utility plans to meet demand for electricity 100%. He said on Monday the
Excluding the impact of retrenchments, Telkom has reported a 13,9% improvement in headline earnings per share, handily outstripping muted net revenue growth of 1,2% in the six months ended 30 September 2015. Earnings before interest, tax
MTN will not have to pay a US$5,2bn fine to Nigerian authorities today, 16 November, which was previously the deadline set down by the Nigerian Communications Commission for payment of the record-setting penalty after the telecommunications operator
Telkom’s possible acquisition of Cell C would result in a stronger competitor to Vodacom and MTN, according to Boyd Chislett, the MD of the soon-to-be-closed cellular service provider Altech Autopage. Telkom on Monday issued a market update
Before coming to the decision to shut down mobile service provider Altech Autopage, management considered the mobile virtual network operator (MVNO) model. MVNOs ride on existing networks to provide phone, messaging and Internet services