Under MTN’s new wholesale model, an MVNO that wants aggressive retail pricing can have it, but there’s a catch.
Browsing: Capitec Connect
MTN’s network spending in South Africa fell 17.1% while Nigeria received nearly three times as much in capital investments.
MTN South Africa cut airtime credit from 42% of prepaid recharges to about 34% over the past year.
MTN South Africa lost 1.1 million prepaid users between March and June as it purged credit-dependent customers.
Capitec and FNB subscribers are doing more for Cell C than its own customers, its full-year results to 31 May 2026 show.
Why 25 million retail clients and a trusted billing relationship may matter more than owning fibre in the ground.
In recent quarters, MTN South Africa’s voice revenue has fallen by 2.8%, then 8%, then 9.6%. Its latest quarter is down again.
Capitec’s premium valuation rests on three compounding bets. All three are working – but each is now under pressure.
Banking group Absa won’t confirm a launch date, a network partner or whether the MVNO is even still happening.
South Africa’s banks have built thriving mobile businesses on phone numbers and network identities they don’t control.










