MTN Group is facing pressure to list its unit in Uganda as Africa’s largest mobile phone company seeks to renew a licence in the country.
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MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as US$1-billion, according to people familiar with the matter.
Helios Towers is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year.
A new, South African-developed rival to Facebook’s WhatsApp, which offers zero-rated data access on South Africa’s four largest mobile operators, has been launched.
A redrafted version of the Electronic Communications Amendment Bill will be presented to cabinet by the end of next month, a move that could finally take South Africa a meaningful step closer to awarding new spectrum licences.
In the podcast this week, Duncan McLeod and Regardt van der Berg chat about the launch of Samsung’s new flagship “phablet”, the Galaxy Note9, Vodacom and MTN’s squabbles at the Advertising Standards Authority, and the launch of Android 9 Pie.
MTN Group remains on track to report a total 2018 dividend of R5/share, despite “continued challenges in repatriating funds from MTN Irancell”, it said in notes alongside interim results for the six months to 30 June.
MTN Group CEO Rob Shuter has moved to downplay the short-term impact and potential of 5G wireless technology, particularly in the markets in which it operates, saying it’s a “technology searching for an application”.
MTN Group has warned that renewed US-led economic sanctions against Iran had once again tied up funds in its second biggest market, scuppering plans to turn the country into a cash cow after years of troubles.
MTN South Africa has improved profitability on the back of a strong retail consumer business, though its enterprise segment is not turning around as quickly as had been hoped, putting pressure on service revenue growth.