Browsing: Telecoms

MTN South Africa has completed its sale of its passive tower portfolio to IHS Towers.

MTN has appointed Tumi Chamayou as the executive of its group enterprise business unit (EBU) with effect from 1 June.

Promoted | Business customers will benefit from BT’s resilient and secure solutions combined with MTN’s presence on the African continent.

The ANC has said communications regulator Icasa must introduce a “secondary market” for spectrum trading in South Africa.

The long-delayed recapitalisation of debt-laden mobile operator Cell C is inching forward, with secured lenders set to vote on a “compromise offer” next month.

Vodacom Group increased capital expenditure in its South African operation by more than 10% in the last year as it fought to regain network leadership from rival MTN.

Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.

Vodacom Group on Monday declared a full-year dividend of R4.30/share after reporting a solid performance from South Africa, its biggest market.

MTN South Africa grew its subscriber base by 7.1% at the end of March 2022, from a year ago, to reach 34.5 million subscribers.

MTN Group lifted first quarter pretax profit by 21.1% year on year, supported by service revenue growth amid demand for data and financial services.