Search Results: meet the ceo (1586)

Emerging market deals lose appeal for MTN

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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.

Nyanda won’t interfere at Sentech

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The ministry of communications is confident the board of directors it has selected to manage Sentech will turn around the state-owned business and it will not interfere in the running of the company. This is despite a newspaper report at the weekend that acting CEO Beverly Ngwenya and chief financial officer Mohammed Cassim had resigned and were being charged for “gross negligence” as a result of alleged reckless spending.

Spectrum auction doubts as Nyanda steps in

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A plan to auction off valuable radio frequency spectrum that can be used to provide wireless broadband services appeared to be hanging in the balance on Tuesday after communications minister Siphiwe Nyanda raised concerns over the process. The council of the Independent Communications Authority of SA (Icasa) is meeting today (Tuesday) to discuss its response to the minister’s concerns. An Icasa insider says there is a possibility that an invitation

Vodacom may walk away from spectrum auction

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JSE-listed cellphone giant Vodacom may abandon plans to bid for wireless broadband spectrum in the 2,6GHz frequency band if the rules of engagement are not changed, TechCentral has learnt exclusively. Group CEO Pieter Uys says the demands on potential bidders made by the Independent Communications

Concern over Neotel as it posts R1,6bn loss

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Telkom rival Neotel reported a net loss of nearly R1,6bn in the 2010 financial year, according to information accompanying Tata Communications’ annual results. It’s the first time that India’s Tata Communications has revealed the extent of the losses being incurred by its SA subsidia

Telkom’s September was a ‘marked man’

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Politics. That may be the real reason Telkom CEO Reuben September’s contract is not being renewed when it expires in November. According to well-placed sources, he’s had a troubled relationship with the ANC under President Jacob Zuma after he oversaw the disposal of Telkom’s 50% stake in Vodacom. To understand the background, one has to go back to May

Row erupts over Blue IQ millions

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Gauteng premier Nomvula Mokonyane’s spokesman would not be drawn on Wednesday on a Democratic Alliance complaint that board members of…