MTN South Africa plans to restructure its finance division, with possible layoffs to follow, a move that has been severely criticised by trade union Solidarity.
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Criminals, angry that they aren’t able to steal MTN’s highly secured batteries, have taken to trashing other infrastructure at its base stations.
Telkom will complete the legal separation of its wholesale division Openserve on 1 September, with the unit becoming a wholly owned subsidiary.
Telkom’s fibre network is now available to more than 890 000 homes in South Africa as the company rapidly moves on from legacy copper.
The recapitalisation of Cell C is taking longer than expected, and will now only be concluded “towards the end of August”.
MTN Group said it expects headline earnings per share to jump by between 40% and 50% in the six months to 30 June 2022.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
Telkom has gone to court to have President Cyril Ramaphosa’s decision to order a probe into alleged malfeasance at the company declared unconstitutional and invalid.