MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
Browsing: Telecoms
Just days after news emerged that Cell C was pulling the plug on its wholesale fixed-LTE broadband plans, MTN South Africa has stepped into the breach, offering high-capped packages at aggressive price points.
Huawei lashed out at the US government on Tuesday, accusing it of orchestrating a campaign to intimidate its employees and launching cyberattacks to try and infiltrate its internal technology systems.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
Communications minister Stella Ndabeni-Abrahams has criticised national treasury’s discussion document on growing South Africa’s economy, suggesting the document’s chapter on telecommunications is outdated.
Telkom CEO Sipho Maseko has launched an extraordinary attack on national treasury’s discussion paper aimed at growing South Africa’s economy, accusing the department of tossing a grenade into the telecommunications sector.
Huge Group CEO James Herbst and chief operating officer Andy Openshaw are in line for a share options windfall, if the proposal is approved by shareholders.
Cell C has moved to justify its decision to terminate its wholesale fixed-LTE offering, saying customers of the service made up just 0.5% of its base but were using 20% of its data network capacity.
Cell C has issued a formal notice to its wholesale partners, including Internet Solutions, stating that it will terminate wholesale fixed-LTE services, potentially leaving thousands of retail customers in the lurch.
In its policy paper published this week, national treasury devoted considerable space to the telecommunications sector. Though many of the proposals make sense, an anachronism stuck out. By Duncan McLeod.