Icasa said late on Friday that it is nearing a “settlement breakthrough” with telecommunications operators that will allow a planned spectrum auction to proceed.
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President Cyril Ramaphosa hit out at telecommunications companies for bringing legal action against plans to issue more broadband spectrum, urging them to resolve the matter.
MTN Group has partnered with the International Finance Corporation to train mobile money agents across South Africa to target unbanked and underbanked segments of the population.
Vodacom spent more than R10-billion on its network in South Africa in the financial year to 31 March, outpacing rival MTN, as it ramped up investment to deal with soaring demand.
Helios Towers plans to use an expansion into Oman to further its presence in the Middle East and North Africa, while it is also eyeing a potential deal in South Africa with MTN Group.
MTN Group is making progress towards separating the company’s fintech business and sell a portfolio of South African towers as Africa’s largest wireless carrier continues to slim down.
MTN Group on Wednesday posted a near 18% jump in first quarter revenue, led by double-digit growth in commercial operations across South Africa, Nigeria and Ghana.