Helios Towers wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019.
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Nigeria’s central bank governor will meet with MTN Group and four banks to negotiate a dispute over $8.1-billion the bank says was transferred illegally out of the country, sources said.
The end of MTN’s free Twitter promotion may have led to a huge reduction in the volume of tweets by the users of that service, but it doesn’t seem to have had a significant effect on the volume of activity on the social network in South Africa.
MTN Group and its bankers have provided more documents that may reduce Nigeria’s US$8.1-billion claim on the carrier, which could be resolved soon, the Central Bank of Nigeria said on Sunday.
A report on Thursday evening that Nigeria is playing hardball with MTN Group sent the wireless carrier’s shares tumbling more than 10% shortly after markets opened in Johannesburg on Friday.
South African Airways has appointed Telkom chief investment officer Deon Fredericks as its new interim chief financial officer on secondment from the telecommunications operator.
Telkom is billing the national police service for two contracts that cover virtually the same work, five people familiar with the situation have said.
Telecommunications carriers have long grumbled that they spend a fortune building the world’s data networks only to watch the US technology giants reap most of the benefits. Now they fear Silicon Valley will take away their customers, too.
Plans to build a new submarine broadband cable from South Africa across the south Atlantic appear to be gathering pace, with SAEx International announcing on Thursday that is has contracted Nokia’s Alcatel Submarine Networks.
The South African Banking Risk Information Centre on Thursday warned of a surge in Sim-swap fraud in the country.