MTN Group is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s biggest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging
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Telecommunications group MTN warned on Wednesday that it will report a loss for the 2016 financial year due in large part to the regulatory fine imposed on it in its biggest market, Nigeria. It said it expects to report a loss in both basic headline
The downgrade of Cell C’s corporate credit rating to the junkiest of junk by S&P Global Rating is another blow to the telecommunications company’s brave ambition of reducing its crippling debt load of R20,7bn. This is the view of
Communications regulator Icasa will hold public hearings later this week that will determine how scarce radio frequency spectrum is utilised in future. The idea, according to Icasa, is to update the National Radio Frequency Plan to
MTN is boosting its economic interest in mobile phone tower operator IHS Group from 15% to 29%, the JSE-listed telecommunications group told shareholders on Wednesday. In a statement on the JSE’s stock exchange
Blue Cellular, a mobile distribution specialist with almost R1bn/year in revenue, is “working towards” a JSE listing as it eyes expansion in the corporate sector and opportunities in delivering content to mobile users, its
Communications regulator Icasa has signalled its intention to review the contentious call termination regulations of 2014, raising the possibility of fresh legal action by the industry. In the past two reviews, Icasa has reduced
Vodacom is considering the sale of a R15bn stake in what would be one of the country’s biggest ever deals aimed at boosting black participation in the economy, according to two people familiar with the matter. The mobile group
It has been nearly two months since MTN Zakhele, the much-lauded black economic empowerment scheme of MTN Group, expired and several shareholders are yet to receive the proceeds from their
MTN Group may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery in the continent’s most populous country. “It’s a work in