South Africa’s telecommunications industry has called for urgent action by government and regulators to address the country’s worsening power situation.
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Vodafone Group is slashing jobs and simplifying its corporate structure. South Africa’s Vodacom Group is not affected by the layoffs.
Operators in Nigeria will stop providing dedicated text message services to banks until the lenders pay ₦120-billion in arrears.
MTN Group plans to build a R6-billion terrestrial fibre cable to connect 10 countries in Africa.
MTN GlobalConnect is changing its name to Bayobab as the wholesaler gears up to serve a broader market.
Sustained load shedding has been devastating for the South African economy and the telecoms industry, Vodacom Group CEO Shameel Joosub said.
Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities.
MTN said its network availability came under severe pressure in the first quarter due to power cuts.
MTN Group is planning price increases in certain markets, as Africa’s largest wireless carrier battles with inflationary pressures.
Vodafone Group said that the CEO of its biggest shareholder will join the board as its Emirati backers gain more sway over the company’s strategy.