The high-capacity Africa Coast to Europe (Ace) undersea cable will be extended to South Africa, with construction set to begin in the first quarter of 2016. This is the word from MTN Group CEO Sifiso
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Strike action and a decline in handset sales contributed to a 1,4% decline in reported revenue to R18,9bn at MTN…
Having been in the telecommunications industry for 15 years now, it never ceases to amaze me how businesses typically contract with the cellular providers based on the size of the discount on offer
A sense of doom and gloom seems to be settling over South Africa’s information and communications technology industry. Some of the pessimism is inherited from the deep structural problems afflicting
Telkom’s share price has leapt by almost 8% to R61,48 after it provided a positive quarterly update for the three months ended 30 June 2015. The quarter is the first of Telkom’s financial year, which ends in March. It said that in the three months
In its annual report for the year to end March 2015, Vodacom tries to be frank about the re-relaunch in South Africa of M-Pesa, the mobile money transfer service that has fast become the de facto banking system in East Africa. This success in Kenya (and
Citing tough market conditions, cellphone giant MTN has confirmed its withdrawal as headline sponsor of the MTN-Qhubeka cycling team. MTN had spent in the region of R100m on the team since 2013. The South African outfit
MTN’s attributable and basic headline earnings per share for the six months ended 30 June 2015 will fall by between 10% and 15%, the telecommunications group warned shareholders on Tuesday. Although
In a positive development for Cell C, ratings agency Standard & Poor’s (S&P) has removed the mobile operator from its watch list for a possible downgrade. This comes, S&P said in a note, after Cell C
Telkom will open its telecommunications exchanges to Internet service providers using an open-access model in an effort to stimulate demand for fixed-line broadband in South Africa. “To further stimulate access to broadband, we will make making around