While its rivals Vodacom, MTN and Cell C struggle with flat growth in a tough economic environment, Telkom is killing it in the mobile business, showing astonishing growth in subscribers in the past year.
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Vodacom Group’s unit in the Democratic Republic of Congo will lose the right to provide 2G services this week unless it renews a disputed licence, according to a government order.
Telkom is seeking an equity partner to help build more mobile network towers as the former South African phone monopoly seeks new ways to increase revenue away from its core, fixed-line business.
Telkom’s property management company Gyro plans to open many more buildings and high sites to other mobile operators as the partially state-owned company looks to extract more profit from its property portfolio.
Smartphone unit sales slumped by 7% year on year in the first quarter of 2019, according to new data from market researcher GfK.
MTN Nigeria said it has “not been accused of any wrongdoing” after reports emerged at the weekend that it’s being investigated by the country’s Economic and Financial Crimes Commission.
While Telkom is cleaning up in mobile, its fixed-line business continues to feel pressure as competition bites and as the company continues to switch off wireline infrastructure. But the numbers are far from shocking.
Bitcoin soared to the highest level in a year, extending a run that’s seen prices more than double since March.
MTN Nigeria says it’s being investigated by the country’s Economic and Financial Crimes Commission over a listing of shares on the stock exchange.
The top job at one of South Africa’s biggest and most-troubled companies is open again for the 11th time in a decade and it’s unclear anyone is ready to fill it.