From inception, no one has made an equity return from investing in Cell C. It’s doubtful whether Jonathan Beare and his Buffet Consortium will be any different.
Browsing: MTN South Africa
MTN South Africa is launching a wholesale fixed-LTE offering to Internet service providers, with its own ISP, Supersonic, the first to bring a retail product to market on the back of the offering.
The regulator’s complaints and compliance committee has fined MTN South Africa R5-million – R2-million of which is suspended for three years – for contravening regulations when it hiked the tariffs on one of its data plans.
MTN South Africa CEO Godfrey Motsa has penned a powerful e-mail to the company’s employees, decrying the xenophobic attacks on foreigners over the past week as well as violence against women.
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
Just days after news emerged that Cell C was pulling the plug on its wholesale fixed-LTE broadband plans, MTN South Africa has stepped into the breach, offering high-capped packages at aggressive price points.
Nkosana Makate has revealed publicly for the first time that Vodacom offered him a settlement of R47-million during his latest compensation talks with the telecommunications giant.
MTN South Africa has shut down 53 base stations on a permanent basis due to “severe damage and vandalism”. Thirty-nine of these towers were in Tshwane and 15 in Johannesburg.
At least 500 Vodacom base stations in South Africa are targeted each month by criminal syndicates, with batteries and copper cables the main target, the company said on Thursday.
Regulators, including Icasa and the Competition Commission, will have to be pragmatic and lenient about a looming expanded tie-up between Cell C and MTN South Africa if the former isn’t going to go to the wall.