MTN and Vodacom together move over $1-trillion through mobile money – but their fintech playbooks are diverging.
Browsing: MTN
Nigeria, Ghana and Cameroon delivered strong service revenue growth for MTN, lifting group Ebitda to R27.6-billion.
Vodacom and MTN groups’ fintech arms now process a combined value of over $1-trillion/year in transactions.
Industry body says the fiscus-first model is starving the very sector South Africa depends on for connectivity.
Longer contracts have become South Africa’s answer to unaffordable smartphones – but at a big long-term cost to consumers.
Vodacom shares rose more than 5% in early Tuesday trade on the JSE after group flagged a 20-25% jump in earnings.
The sequencing reflects how stubbornly low-end devices and machine-to-machine sensors remain tied to legacy connectivity.
A significant rise in MTN’s share price has led to long-term share incentives vesting at much higher values.
An independent non-executive director of MTN Group traded MTN ADRs in a closed period without prior clearance.
Online gambling and MVNO competition are weighing on MTN South Africa, which grew service revenue just 2% last year.