MTN Group shares rocketed 9% on the JSE on Thursday after it reported a solid performance in its key markets.
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The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
MTN South Africa’s network availability was hit by recent load shedding, but the company still managed to lift subscriber growth in the first half.
Seacom and BT Group have announced a “strategic alliance” in terms of which Seacom will offer BT’s portfolio of services to enterprise customers.
MTN South Africa plans to restructure its finance division, with possible layoffs to follow, a move that has been severely criticised by trade union Solidarity.
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Criminals, angry that they aren’t able to steal MTN’s highly secured batteries, have taken to trashing other infrastructure at its base stations.
Telkom will complete the legal separation of its wholesale division Openserve on 1 September, with the unit becoming a wholly owned subsidiary.
Telkom’s fibre network is now available to more than 890 000 homes in South Africa as the company rapidly moves on from legacy copper.