Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
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MTN Group is considering spinning out its fibre and financial services units and will potentially list one of them to unlock value trapped in its core business, the company said on Wednesday.
Wholesale revenue at MTN South Africa declined by 16.4% in the 2020 financial year after the discontinuation of the company’s roaming supply agreement with Telkom.
MTN Group has reported a strong set of results for the 2020 financial year, adding 29 million customers, growing adjusted headline earnings per share by 52% and more than doubling operating cash flow.
Communications regulator Icasa on Tuesday confirmed that Monday’s court judgment in favour of Telkom means the spectrum auction cannot proceed later this month. The agency is now preparing for a legal battle.
Vodafone Group is looking to raise as much as €2.58-billion from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year.
A day after the high court handed Telkom an interdict, halting Icasa from licensing new broadband spectrum at the end of March, Stella Ndabeni-Abrahams has raised mediation as a possible solution to the impasse.
Telkom and e.tv have secured an interdict against Icasa, preventing the spectrum auction planned for later this month from taking place until the merits of their case can be heard by the high court.
MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.
Mobile World Congress organisers unveiled a health and safety plan on Monday that they said would enable the gathering to go ahead in Barcelona after last year’s event was called off.