Co-CEO Brett Levy named the single point of exposure when asked about MTN’s push for direct relationships with the banks.
Browsing: Ferdi Moolman
MTN alone has been pushing 90 million Sim cards a year, and says the base is riddled with bad registrations.
Cell C CEO Jorge Mendes has told TechCentral that the big two would cannibalise themselves chasing MVNOs.
New MTN South Africa CEO Ferdi Moolman wants R4-billion to R6-billion in savings by 2029 via a “structural reset”.
A significant rise in MTN’s share price has led to long-term share incentives vesting at much higher values.
Online gambling and MVNO competition are weighing on MTN South Africa, which grew service revenue just 2% last year.
Chip shortages are causing the prices of servers, radio access network equipment and even Sim cards to rise.
MTN Group CEO Ralph Mupita has admitted that MTN’s South African subsidiary has lost ground to Telkom.
Charles Molapisi is stepping down as CEO of MTN South Africa, and is being replaced in the role by Ferdi Moolman.
Competition from rivals, especially in the prepaid segment, is piling the pressure on MTN South Africa.