MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other
Browsing: MTN Irancell
MTN Group returned to the Eurobond market for the first time since 2014 as Africa’s biggest wireless carrier by sales seeks funds for investment. The mobile phone company is offering a five-year note at
MTN Group, Africa’s largest mobile-phone operator by sales, rose for a second day after raising more than US$1,3bn (R18,6bn) in loans before the potential sale of bonds. The shares jumped 2,2% to R121,49 as of 12.29pm in Johannesburg
MTN Group, Africa’s largest mobile phone operator by sales, said it entered three loan agreements, raising more than US$1,3bn as the company markets a potential bond sale. The company is being
MTN has hit a perfect storm of bad news in the first half of its 2016 financial year, with the telecommunications group warning that it will report a basic headline loss per share of between R2,55 and R2,85 on Friday when it
MTN Group said on Wednesday that it will appoint a new CEO by the end of June “at the latest”. In a note to shareholders ahead of the group’s AGM, MTN said the search for a new CEO was “well under way”. Former MTN CEO Phuthuma Nhleko
After the publication of its annual report this week, the headlines focused on former chief executive Sifiso Dabengwa’s R23,7m “golden handshake” following his resignation in November amid the MTN Nigeria fine fallout. We also learnt that chairman
Nigeria and South Africa have again served to put pressure on MTN’s subscriber numbers, with group customers declining by 1,4% quarter on quarter for the three-month period ended 31
The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs
MTN South Africa, battered in recent years by the price war in the mobile industry, is showing signs that it could be on the mend. In the third quarter of 2014, it grew its subscriber base by 5,7% to 26,7m. That’s 1,4m net additions for the quarter. It says the growth was the result of “competitive offers