Shares in MTN Group rose as much as 8.2% on Thursday morning after the JSE-listed telecommunications operator said it had reached a favourable settlement with Nigeria’s central bank.
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Christmas has come early for MTN Group. The telecommunications operator’s shares are likely to soar when markets reopen on Thursday in Johannesburg after it announced it has settled a multibillion-dollar dispute in Nigeria.
The labour court has issued an order, with the consent of ex-Vodacom exployees, to enforce their restraints of trade after reports emerged in November that they were working with rival MTN South Africa.
With a little over two months left for South Africa’s telecommunications operators to implement Icasa’s new data-expiry rules, MTN said on Monday that it has begun complying with them
Following the resignation of Babak Fouladi, MTN Group has appointed Charles Molapisi as its new chief technology and information officer, effecting 1 January 2019.
The telecommunications giant has announced the launch of MusicTime, a time-based Internet music offering.
The Public Investment Corp has raised its stake in MTN Group for the second time in as many days, taking advantage of a price that’s close to 10-year lows amid a crisis in Nigeria.
A successful request to a parliamentary committee, brought by the Democratic Alliance, means the Electronic Communications Amendment Bill will likely no longer be passed in parliament before the 2019 general election.
Government’s telecommunications bill, if enacted without radical changes, will have a “devastating” effect on the ICT sector, destroying the incentives that have led to almost universal mobile coverage in South Africa.
Vodacom has rubbished the Electronic Communications Amendment Bill’s wholesale open-access provisions, describing them as “intrusive and onerous”.