Kenya’s high court has blocked the 15% Safaricom stake sale to Vodacom, pending a constitutional challenge.
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Nigeria, Ghana and Cameroon delivered strong service revenue growth for MTN, lifting group Ebitda to R27.6-billion.
Vodacom CEO Shameel Joosub has compared voice’s decline to the same trajectory SMS followed into irrelevance.
With voice revenue falling and customer growth stalled, Vodacom is struggling to cash in on surging data traffic.
Egypt and Safaricom drove a 22.9% jump in headline earnings as the South African business posted only modest growth.
Industry body says the fiscus-first model is starving the very sector South Africa depends on for connectivity.
Airtel Africa has delayed its mobile money initial public offering to late 2026, citing war-driven margin pressures.
Vodacom shares rose more than 5% in early Tuesday trade on the JSE after group flagged a 20-25% jump in earnings.
The sequencing reflects how stubbornly low-end devices and machine-to-machine sensors remain tied to legacy connectivity.
Online gambling and MVNO competition are weighing on MTN South Africa, which grew service revenue just 2% last year.