Blue Label Telecoms is acquiring 35% of Cell C, injecting R4bn in new capital as part of a major restructuring of the telecommunications operator that will lead to current controlling shareholder
Browsing: MTN
The sale of Altech Autopage’s subscriber base has been referred back to the Competition Commission, putting into question a planned shutdown date. In September, Johannesburg listed
In the latest episode of TalkCentral, podcast hosts Duncan McLeod and Regardt van der Berg chat about the latest goings-on at MTN, including the reduced (and then increased again) fine in Nigeria and the unrelated resignation of company stalwart Karel Pienaar
It’s time to call the situation South African telecommunications group MTN is facing in Nigeria what it really is: a state-sanctioned mugging. The Nigerian government, through its communications commission, is pointing a gun at MTN’s head, demanding that it hand
Nigerian regulators’ decision to reduce MTN’s multibillion-dollar fine is a “positive” move and if the penalty was “arbitrary”, then the company would have turned to the courts. This is according to a board member for the South Africa-Nigeria
MTN hasn’t yet asked South Africa’s department of telecommunications & postal services for help regarding its multibillion-dollar fine in Nigeria. This is according to telecoms minister Siyabonga Cwele, who was speaking on the
The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs
One of MTN’s very first employees, Karel Pienaar, who has been with the telecommunications group for more than two decades and who was instrumental in the founding of the business, is stepping down. Pienaar was most recently group
The Competition Commission has recommended to the Competition Tribunal that the sale of Altech Autopage’s subscriber bases to mobile operators Vodacom, MTN and Cell C be approved without
Government investment manager, the Public Investment Corp (PIC), has finalised its acquisition of the state’s 13,9% equity stake in Vodacom. Government is set to use the proceeds of the sale to the PIC to help fund Eskom. At the current share price