Rob Shuter, who resigned as CEO of MTN Group last year and who has since taken a senior role at the UK’s BT Group, was paid R73.8-million in his final eight months at the JSE-listed telecommunications firm.
Browsing: Telecoms
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
Cell C on Tuesday reported a full-year loss to 31 December 2020 of R5.5-billion. Dire as that sounds, it marks an improvement on the first half of the year, when it turned in a R7.6-billion loss.
MTN South Africa has taken the axe to prepaid data prices, reducing the cost of 10GB of data (including another 10GB for use at certain times of the night) to R149.
MetroFibre, the fibre telecommunications company that recently concluded a R2.5-billion debt funding round, is buying Link Africa’s fibre-to-the-home network in Gauteng and KwaZulu-Natal.
MTN Group will list its Rwandan subsidiary on the Rwanda Stock Exchange on 4 May, the JSE-listed telecommunications giant said on Monday.
MTN Group and Airtel Africa were given the green light to resume the sale of new Sim cards in Nigeria following the implementation of a new policy linking them to national ID numbers.
The prohibition on the private ownership and free trading of spectrum is an “artefact” that has “neither a technological basis nor is supported by economic theory”, says the Free Market Foundation.
The Financial Services Conduct Authority has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”, it said on Thursday.
A 24Tbit/s submarine telecommunications system connecting South Africa to the islands of Madagascar, Reunion and Mauritius has gone live and is carrying Internet traffic between the countries.