Government has proposed that South Africa switch off its 2G cellular networks by June 2024 and its 3G networks by March 2025.
Browsing: Telecoms
MTN Group has settled $300-million in Eurobonds that were due in 2024 early, helping deleverage its balance sheet.
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Cell C on Wednesday said its chief financial officer, Zaf Mahomed, is stepping down to pursue “new business opportunities”.
MTN Group has appointed Christian Bombrun as CEO: Digital Platforms, replacing Minnie Harris, who has been acting in the position since April.
The country has banned some telecoms executives from leaving the country after they resisted paying a new tax on the industry, sources said.
Ren Zhengfei has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow.
In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination.
The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.