MTN South Africa will soon cough up the money still owing to the communications regulator from last year’s spectrum auction.
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MTN shares jumped 10% in early trading on Monday after it said its fintech business had been valued at $5.2-billion.
MTN South Africa is weathering the impact of Eskom’s load shedding, but at a cost to its profit margins.
The Competition Commission’s decision to seek to block the Vodacom/Maziv deal is wrong, the Free Market Foundation said.
Huawei’s cloud services business and a resurgent smartphone unit have helped mitigate the fallout from US sanctions.
CIVH, Remgro and Vodacom are prepared to make more concessions to get their Maziv deal over the line.
The Competition Commission has recommended that Vodacom’s acquisition of a stake in fibre operator Maziv be blocked.
The Competition Commission’s decision to seek to block the Maziv deal is “not the end of the process”, Vodacom said.
Promoted | Internet exchange points are key to unlocking the potential of a digital, connected Africa, says Open Access Data Centres.
South Africa won’t succumb to US pressure to stop using Huawei Technologies equipment, an official said.