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
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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
Telecommunications group MTN has lifted its interim dividend by 20,3% to 445c/share after reporting a strong earnings and revenue performance outside its home market of South Africa. Profit margins – measured before interest, tax, depreciation and
MTN has named its former South African chief marketing officer, Brian Gouldie, as the new CEO of its operation in Uganda. Ugandan CEO Mazen Mroue has been named as the new chief operating officer of MTN Irancell, MTN’s affiliate in Iran. Ferdi Moolman, meanwhile, has named the current chief operations
The South African market has continued to be “challenging” for MTN as a result of what the telecommunications group calls “regulatory and competitive actions”. In a quarterly update for the three months ended 30 September, the group’s CEO, Sifiso Dabengwa, says subscriber growth was
Telecommunications group MTN has announced a major shake-up of executive responsibilities, with a series of new senior appointments at group level and at its key operations in South Africa, Nigeria and Ghana. MTN Ghana CEO Michael Ikpoki has been named as