The shake-up of the top management team at MTN continues. The South African-headquartered emerging-markets telecommunications group has hired Jens Schulte-Bockum as its new chief operating officer, replacing
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MTN Group’s plan to sell shares in its Nigerian unit on the local stock exchange next year is at risk following allegations by lawmakers that Africa’s biggest wireless carrier illegally moved almost
As MTN’s much-lauded black economic empowerment scheme Zakhele enters the final stages of its maturity, uncertainty is growing in the market about the take-up of the newly formed Zakhele Futhi by investors. MTN Zakhele Futhi was meant to be
MTN Group executive chairman Phuthuma Nhleko has sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO Rob Shuter. Nhleko will also benefit from the
In the 18 months to June 2016, MTN has invested R16bn in its network in South Africa. Nearly a third of this – R4,5bn – was spent on adding 1 300 new physical sites to its footprint. This addition translates
On TalkCentral this week, we chat Black Friday. But not for long, because there’s real news, too – like MTN vowing to take market share from Vodacom and Cell C’s BEE shareholder suing it over the planned restructuring. Also this week, the
MTN’s public offer in terms of its third black economic empowerment deal, valued at R9,9bn has closed – but short of its target. The public offering to qualifying black participants at a subscription price of R20/share for a minimum
Kagiso Media is placing a big bet on electronic sports and competitive videogaming with the launch of Mega8 eSports, which will host regular tournaments and offer “ample” prize money to players. The gaming platform was acquired by
The State IT Agency has finally explained why it pulled the plug on a government tender, worth up to R1,5bn, to roll out broadband to underserviced parts of the country: none of the bidders qualified. The tender was the first phase of a network
MTN has raised R1,1bn through the public offer for its new black economic empowerment scheme, Zakhele Futhi, well short of the target of R2,5bn, but sufficient to allow the transaction to proceed. The telecommunications group