MTN’s share price leapt higher in intraday trading on Wednesday after announcing it had made a 50bn naira (US$250m; R3,8bn) payment to Nigerian authorities and withdrawn legal action in the federal high court in Nigeria. MTN’s shares jump to a
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Hot on the heels of its announcement that, with MTN, it will invest US$40m (about R650m) in African-focused online travel agency Travelstart, UK technology investor Amadeus Capital Partners has revealed another investment, this time in
The independence of communications regulator Icasa is at stake in a tussle between the regulator and the department of telecommunications & postal services on how valuable spectrum will be assigned. It is common cause that the
I was on a flight – my tenth or twelfth of the year, I forget – so I missed the president’s state of the nation address. In it, the word “broadband” was mentioned only twice, roughly about the same number of mentions it garners every year. “Government,” we were told
There is mounting concern in the telecommunications industry that the government is planning to award a R750m broadband project to Telkom to connect 5 000 government facilities in rural areas without first going out on a competitive tender. In an interview on Friday
MTN’s share price fell by more than 20% at one stage in trading on the JSE on Friday after warning on Thursday after markets closed that its headline earnings per share would fall by more than 20% for
MTN’s headline earnings per share for the year ended 31 December 2015 will fall by at least 20%, the JSE-listed telecommunications group warned investors on Thursday after markets closed. The group has blamed operational
Volatility in MTN’s share price has seen the counter add more than 42% since its 52-week low just a month ago as investors pile back in on a range of factors, including the publication in two weeks of its year-end results. From MTN’s recent low
MTN South Africa has appointed Benjamin Marais as its new chief information officer, effective 1 March 2016. Marais, who joins MTN from Discovery Health, where he served in a similar role, replaces Neil Tomkinson, who is moving into a role at group level
Details have emerged of how MTN intends honouring its promise to reimburse customers affected by network service outages between Sunday and Tuesday this week. The company said in