MTN has dished out R5,2m worth of shares to the CEO of its South African unit, Mteto Nyati. In a statement to shareholders on Friday, MTN said it had provided Nyati with an “off-market award of shares” as part of its performance share plan
Browsing: Ahmad Farroukh
The money MTN paid its top executive management team, including its former CEO Sifiso Dabengwa, jumped to R165,6m in the 2015 financial year. That’s an increase of 18,8% over the R139,4m it paid in 2014, driven higher by three golden
MTN’s South African subsidiary increased its profit margin, calculated using earnings before interest, tax, depreciation and amortisation, by 1,3 percentage points to 33,4%, suggesting a solid turnaround in the operation, which has underperformed in recent years
The growing pressure on margins as telecommunications moves from a voice-driven industry to one where data is predominant is the main reason South Africa’s incumbent mobile operators are keen for so-called “over the top” providers like WhatsApp and Skype to be
MTN and Vodacom have declared war on consumer interests. The infamous duopoly wants to limit how we use Internet services like WhatsApp — and it has nothing to do with fairness, competition or the future of South Africa. To the contrary, it is all about maintaining
Parliament’s portfolio committee on telecommunications & postal services has set aside a full day later this month to probe so-called “over the top” (OTT) services to determine whether policy interventions are required to govern them. OTT services include the likes
The strike at MTN South Africa by members of the Communication Workers Union is finally over, said MTN’s newly appointed SA CEO, Mteto Nyati, on Thursday. “The agreement serves the common interests of MTN and the employees, and allows
Former Microsoft South Africa MD Mteto Nyati has been appointed as the new CEO of MTN South Africa, a spokesman for the telecommunications operator said on Monday. Nyati, who was appointed as group head of MTN’s enterprise business in
Ahmad Farroukh is leaving as CEO of MTN South Africa to take up the top job at Saudi Arabia’s second largest telecommunications operator, Etihad Etisalat, which trades at Mobily. Farroukh, who has been CEO of MTN for the
So, Ahmad Farroukh, MTN South Africa’s CEO of the past 11 months, is leaving at the end of July. His tenure has been rocky, to say the least. He was brought in to turn around the troubled operator