MTN South Africa’s data prices will tumble when it gets access to new radio frequency spectrum, CEO Godfrey Motsa told the Competition Commission in Pretoria on Thursday.
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Of the 21 countries in which MTN operates, its South African operation has the least spectrum assigned to it outside countries that face conflict situations.
Mobile operators have begun distinguishing between different kinds of traffic and providing differentiated data bundles for streaming and social media services.
Nigeria’s central bank governor will meet with MTN Group and four banks to negotiate a dispute over $8.1-billion the bank says was transferred illegally out of the country, sources said.
The end of MTN’s free Twitter promotion may have led to a huge reduction in the volume of tweets by the users of that service, but it doesn’t seem to have had a significant effect on the volume of activity on the social network in South Africa.
MTN Group and its bankers have provided more documents that may reduce Nigeria’s US$8.1-billion claim on the carrier, which could be resolved soon, the Central Bank of Nigeria said on Sunday.
A report on Thursday evening that Nigeria is playing hardball with MTN Group sent the wireless carrier’s shares tumbling more than 10% shortly after markets opened in Johannesburg on Friday.
Nigeria’s central bank said MTN Group should not be given an injunction that would stop the wireless carrier from having to transfer $8.1-billion back to the West African country.
South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.
In this episode of the podcast, Duncan McLeod interviews newly appointed EOH Holdings CEO Stephen van Coller on the group’s disappointing 2018 financial results and how he plans to turn the situation around.