Browsing: Capitec Connect

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.

Vodacom CEO Shameel Joosub has compared voice’s decline to the same trajectory SMS followed into irrelevance.

Capitec Connect users now call each other for free. It’s the latest blow to a product category that once built empires.

Capitec Connect will now offer free on-net calls and consumer financing for smartphones.

Capitec Connect, a Cell C-hosted MVNO, now has 1.5 million active users and is eyeing home broadband services next.

Absa has told TechCentral in an exclusive interview that it is readying the launch of a mobile virtual network operator.

The MVNO boom is resulting in increased competition in South Africa’s telecoms sector, benefiting consumers.