Blue Label Telecoms has unveiled long-awaited details of a planned recapitalisation of Cell C – a move aimed at dealing once and for all with the mobile operator’s crippling debt problem.
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The auction of mobile broadband spectrum will continue into next week after already raising more than the R8-billion expected.
The cabinet has decided to scrap government plans to license a wholesale open-access network in South Africa.
The Competition Commission has okayed the acquisition by New York-listed IHS Towers of thousands of towers owned by MTN South Africa, but has attached stringent conditions to the deal.
In a blow to shareholders who had been hoping for an imminent “value unlock”, Telkom has elected to postpone the separate listing of Swiftnet.
MTN South Africa has reported strong earnings growth, with all business units performing well in the year to 31 December 2021.
Telkom and Rain have emerged as the winners in the first round of South Africa’s radio frequency spectrum auction.
Telkom has asked the high court in Pretoria to impose a “structural or supervisory” interdict on communications regulator Icasa over spectrum licensing.
Icasa will finally auction access to spectrum for mobile broadband services this week. But a looming court battle could still derail the allocation.
MTN Uganda reported on Monday a 6.6% jump in pre-tax profit for 2021, helped by higher data sales and faster uptake of its fintech services.