MTN Group’s record US$1,7bn Nigerian fine is about to get a whole lot cheaper. MTN rose the most in a week on Friday as investors prepared for a slump in the Nigerian naira after Africa’s second-biggest crude producer’s central bank said it will
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MTN will not list its subsidiary in Nigeria unless market conditions are sufficiently conducive to an initial public offering, the group’s interim executive chairman, Phuthuma Nhleko, told TechCentral
MTN Nigeria has agreed to pay a total cash amount of 330bn naira – the equivalent of $1,7bn (R25,1bn) at the official exchange rate, or R13,6bn on the parallel market – to settle the fine
In November, I argued that Telkom’s broadband digital subscriber line service had peaked (that was at the half-year mark). Since then, growth has slowed even further and the telecommunications giant is on a knife-edge of
Telkom has revealed plans to re-farm half of its spectrum in the 1,8GHz band for 4G/LTE services as it bets on data rather than voice as the big growth driver in mobile services. The company’s CEO, Sipho Maseko
Given the amount of capital South Africa’s big mobile operators are pouring into their networks – well over R20bn between them this year alone – one could be forgiven for thinking the industry isn’t facing the serious headwinds many are predicting in the
Former MTN Group CEO Sifiso Dabengwa and two other well-known ICT industry executives, Alan Farthing and Clive Butkow, have joined the board of the recently delisted technology group Gijima
MTN has launched a pilot broadcasting service using digital terrestrial television. The pilot, being run in Nigeria, follows the decision by the Nigerian Broadcasting Corporation to award its
MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine
MTN Group said on Wednesday that it will appoint a new CEO by the end of June “at the latest”. In a note to shareholders ahead of the group’s AGM, MTN said the search for a new CEO was “well under way”. Former MTN CEO Phuthuma Nhleko