Browsing: MTN South Africa

News
MTN takes a bath on Afrihost sale

MTN has taken an R88m bath on the sale of its 50% stake in Internet service provider Afrihost, the telecommunications group revealed alongside its interim financial results for the six months to June

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MTN SA loses subscribers

The number of subscribers on MTN South Africa’s network declined by almost 3% in the past year to 29,8m, parent MTN Group revealed in its interim financial results for the six months ended June 2016. The prepaid and

News
MTN sails into perfect financial storm

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 gains despite first-ever loss

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that

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MTN to report a first-half EPS loss

Telecommunications group MTN warned on Tuesday that its profits for the six months ended 30 June 2016 will have come under pressure as a result of the record-breaking fine imposed on it in Nigeria and pressures

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MTN sinks on profit warning

MTN Group fell in Johannesburg trading as Africa’s largest mobile phone company said it expects to report a first-half loss after agreeing to pay a record fine in Nigeria. The shares dropped by

News
MTN slashes fibre broadband prices

MTN South Africa has reduced the prices of its fibre broadband data bundles by 50% to “boost the competitiveness of its propositions”, it said on Tuesday. In addition, those signing up for a 24-month contract before the end of September will get free

News
MTN sells its 50% stake in Afrihost

Just two years after acquiring a controlling stake in the company, MTN South Africa has announced it will dispose of its 50,02% stake in Afrihost to the Internet service provider’s management team. MTN acquired the stake

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New MTN CEO by end-June

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

Podcasts
TalkCentral: Ep 146 – ‘Okay, Google’

In the latest episode of TalkCentral, your hosts Regardt van der Bergh and Duncan McLeod talk in-depth about Google’s developer conference in San Francisco, looking at Google Home, Allo, Android N and plenty more. Also this week, they look at the big changes

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