MTN South Africa has turned in a resilient financial performance in the first six months of the financial year to June, with both margin expansion and strong sales growth during the period.
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MTN South Africa has cut data prices with a 30-day validity, in some instances by as much as 60%. The headline price for 1GB of ad hoc data is now R85, from R99 previously, matching rival Vodacom’s pricing.
Safaricom’s rally to a record has made Kenya’s biggest company overvalued, with analysts forecasting a 10% drop in the next 12 months.
Huawei saw its revenue drop by almost a third in the first half of 2021, with US sanctions hobbling its once-dominant handset business and new business areas still in their early stages.
As Sipho Maseko begins his orderly and well-telegraphed exit from the Telkom CEO position, a first quarter financial update from the telecommunications provider contains a few more worrying signs.
Ethiopia’s revived plan to sell a second telecoms licence to international operators received an early setback as MTN Group isn’t likely to resubmit a bid, according to people familiar with the matter.
Telkom CEO-designate Serame Taukobong believes the company’s investments in a range of areas will stand it in good stead in the coming years.
Serame Taukobong has been appointed as Telkom’s group CEO-designate and will replace Sipho Maseko, who has led the company for the past eight years, in mid-2022.
Puleng Kwele, the former CEO of state-owned telecommunications company Broadband Infraco, has passed away from Covid-19-induced pneumonia.
Telkom’s rapid mobile growth continues unabated, with the telecommunications group reporting a 36.3% increase in subscribers year-on-year in the quarter ended 30 June 2021.