As many as 400 jobs may be on the line at MTN South Africa, sources close to the company say, as the telecommunications operator moves to cut costs in a market that has become significantly more competitive. MTN is considering a number of options as it looks to reduce costs
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The latest financial results from JSE-listed Blue Label Telecoms, for the year ended May 2014, provide insight into just how challenging telecommunications operator MTN is finding the intensified levels of competition in South Africa’s mobile market
Communications regulator Icasa has settled on the model it intends using to calculate call termination rates as the court-imposed deadline nears for it to draw up new regulations that govern the rates, which operators charge each
Cell C’s bond holders have agreed unanimously to a €160m (about R2,3bn) restructuring of the company’s debt, allowing it to free up cash for network expansion, according to Reuters. Their decision will allow South Africa’s third mobile operator to free up cash. The company said last month that it would extend the maturity date of €160m of
MTN is “cautiously optimistic” that it has turned the corner in its South African operation after reporting 400 000 net subscriber additions in July. That’s the word from group chief financial officer Brett Goschen, who made the
Overall, Vodacom and Telkom Mobile have South Africa’s best post-paid mobile plans, new data from telecommunications research firm Tarifica claims to show. Virgin Mobile scored bottom of the list, coming in in fifth place overall behind Cell C and MTN, but MTN failed to emerge as the winner in even a single category. The Tarifica scores
Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday
First National Bank is poised to become the first South African financial services institution to launch a mobile virtual network operator (MVNO). The bank is at an advanced stage of discussions with Cell C to launch the MVNO, two independent sources with knowledge of the plans have told TechCentral. The news comes just a day after
JSE-listed retail group Mr Price has become the first South African retailer to launch a mobile virtual network operator (MVNO), TechCentral can reveal. It’s only the second company in the country to launch an MVNO after Virgin Mobile. Mr Price says it’s not keen to talk yet about its strategy behind its MVNO, called MRP Mobile
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