MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.
Top News
MTN Group faces a R3.9-billion write-down, cash it cannot move and a stake it cannot sell, just as Washington escalates.
New shareholders have taken up shares in Frogfoot, Vox and Hypa in a transaction valuing the businesses at R14.4-billion.
Households will not be able to choose who sells them electricity when South Africa’s competitive electricity market opens.
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The owner of Pep and Ackermans accounts for more than seven in 10 prepaid phone sales in retail channels in South Africa.
Financial support is very welcome but regulatory intervention is needed to deal sustainably with market failure.
Huawei has launched the Mate 70 series, the first smartphones from the company that don’t run Android.
Some argue only biological brains can host minds. This and more in today’s edition of Bookmarks.
In an effort to get consumers off legacy 2G and 3G devices, MTN is launching an own-branded 5G smartphone.
MTN South Africa, China Telecom and Huawei will collaborate on 5G, cloud, AI and business solutions.
World News
Solana, a poster coin of the crypto future, is in trouble following the collapse of cryptocurrency exchange FTX.
“Musk has managed to do what the bears have unsuccessfully tried for years – crush Tesla’s stock,” Wedbush analyst Daniel Ives said.
Australia is considering banning the paying of ransoms to cyberattackers, following recent attacks affecting millions of people.
Berkshire Hathaway has bought more than $4.1-billion of stock in Taiwan’s TSMC, a rare significant foray into the technology sector.
The European Commission had solid antitrust reasons for fining Google €4.3-billion for violations including the bundling of certain apps with the Android operating system – and for not going after Apple for similar behaviour. Yet, from a consumer’s point of view, Apple should get the same kind of attention.
For more than two years, a small and stealthy group of engineers within Google has been working on software that they hope will eventually replace Android, the world’s dominant mobile operating system.
