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
MTN South Africa chief technical officer Lambo Kanagaratnam is moving to a new role at the operator. Effective immediately, he will head up its enterprise business division. Airtel Africa chief technology officer Eben Albertyn has taken the reins from Kanagaratnam. Albertyn was formerly chief technology officer for MTN
A US computer salesman who supplied sensitive equipment to MTN’s mobile network in Iran has been jailed for violating US economic sanctions. The conviction is damning for the South African mobile giant, as it provides judicial corroboration that the company used sanctions-busting
The Hoffmann Committee, appointed by MTN, has cleared the Johannesburg-listed telecommunications group of wrongdoing in Iran, calling allegations made by rival Turkcell a “fabric of lies, distortions and inventions”. MTN told shareholders on Friday that the committee, chaired top jurist
Pan-African and Middle Eastern mobile telecommunications operator, the MTN Group, now expects to add 23,7m new subscribers in 2012, up from previous guidance of 21,2m. In a quarterly update, for the period ended 30 September, MTN says it has grown its subscriber base by 3,8% to 182,7m despite
A major US lobby group’s shock advertising campaign, alleging that MTN is “profiting from torture” in Iran, has been blocked by local agencies. But it claims that SA advertising companies have refused to erect the billboards because of the influence of the telecommunications giant. United Against Nuclear Iran
