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.
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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.
The Advertising Standards Authority of South Africa has ruled that Vodacom is not in breach of the advertising codes in claiming to have South Africa’s best network in its advertising materials, delivering a setback to rival MTN.
An organisation calling itself the Durban Anti-Cell Mast Alliance on Friday filed papers at the high court in Durban to stop MTN South Africa from rolling out new towers in the coastal city, it said.
Vodacom is pouring money into its network in South Africa in an effort to ensure it stays ahead of crosstown rival MTN when it comes to coverage and performance.
Cell C appears to be stepping up to try to take market share from rival MTN by appealing to consumers hungry for cheap access to social media platforms.
MTN’s Stephen van Coller will join EOH as its new group CEO, effective from 1 September. He resigned as a vice president at MTN Group on Thursday after two years with the mobile telecommunications provider.
New research from credible network speed-testing services has put Vodacom ahead of rival MTN in terms of the speed available on their respective networks as the two battle it out over which has the fastest infrastructure.
Stephen van Coller will leave MTN Group at the end of August. Vice president for digital services, data analytics and business development, he has resigned to take up a group CEO position at another JSE-listed company.
MTN Group’s sale of its Cyprus unit is just the start of a broader exit from small or problematic markets, with the Liberian unit leading a number of West African divisions being considered for disposal, according to sources.