Vodacom Group shares fell after the wireless carrier with the most South African customers reported slower revenue growth in its domestic market, as a sluggish economy hurt consumer spending.
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Telkom customers will not be able to roam onto Rain’s network as part of the newly announced roaming agreement between Telkom and Vodacom.
South African telecommunications tower company Atlas Tower is in talks to bring in partners from the country’s black majority to help it expand at home and enter new markets, according to sources.
MTN Group is close to securing a deal with Nigeria’s central bank over an order to repay $8.1-billion it is alleged to have illegally taken out of the country, according to a person familiar with the matter.
Telkom announced on Wednesday that it has concluded a new roaming agreement with Vodacom that will allow its customers access to the latter’s 4G/LTE network with no restrictions.
Telkom mobile users will in future roam on Vodacom’s network, not MTN’s, after the two cellular operators concluded a new, multibillion-rand roaming deal on Wednesday.
MTN Group’s fight with Nigerian authorities over $10-billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, the Reserve Bank said.
Mobile virtual network operators that piggyback on Cell C’s network will also get to take advantage of the cellular provider’s 4G/LTE roaming agreement with MTN South Africa.
Cell C has appointed Zafar Mahomed as its new chief financial officer. This follows the short tenure of the previous CFO, Tyrone Soondarjee, who resigned in May after less than a year in the role.
The Right2Know Campaign has filed a high court application against MTN, Cell C and Telkom to get the operators to hand over details of when and how often they accede to requests from law enforcement agencies.