More News

World News

MTN says it will have to start investigating options to improve cash returns meaningfully to shareholders as the emerging market telecommunications sector matures.

That’s the shock assessment of the cellular group’s outgoing president and CEO Phuthuma Nhleko. Nhleko will address the company’s annual general meeting on Thursday afternoon, giving shareholders a peek at what they can expect to see at its interim results presentation next month.

The proposed acquisition by Japan’s Nippon Telegraph and Telephone Corp (NTT) of Dimension Data will give the SA-headquartered IT group’s Internet Solutions (IS) division access to one of the world’s largest telecommunications companies. IS MD Derek Wilcocks, reacting to the news of the proposed R24,4bn all-cash deal, says it’s “incredibly positive” for IS as it will make the Didata unit part of one of the “strongest global networks, with data centres around the world”.