Telecommunications group MTN has lifted its interim dividend by 20,3% to 445c/share after reporting a strong earnings and revenue performance outside its home market of South Africa. Profit margins – measured before interest, tax, depreciation and
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MTN’s South African operation has again borne the brunt of the price war in the mobile industry, with its revenue in the six months to June slumping by 7% and its profit margin, measured before interest, tax, depreciation and amortisation, sliding by 1,5 percentage points. The poor numbers were exacerbated by steep cuts earlier this
Overall, Vodacom and Telkom Mobile have South Africa’s best post-paid mobile plans, new data from telecommunications research firm Tarifica claims to show. Virgin Mobile scored bottom of the list, coming in in fifth place overall behind Cell C and MTN, but MTN failed to emerge as the winner in even a single category. The Tarifica scores
Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday
There’s a revolution under way, and this one’s not being agitated by the working class, although they certainly have their part to play. It is being waged by banks, cellphone providers and entrepreneurs hoping to capitalise on a mobile commercial market that is estimated will be worth more than US$800bn by 2016 and have more than 400m users
It’s been a busy news week on the technology front. Your hosts Duncan McLeod and Regardt van der Berg tackle some of the bigger developments in this week’s episode of TalkCentral. Items on the agenda this week include Vodacom’s relaunch of
MTN may be in talks to buy a stake in giant Indian telecommunications operator Tata Teleservices and its associated business Tata Teleservices (Maharashtra). The Hindustan Times quotes unnamed sources with knowledge of the discussions as confirming talks are underway. “It is too early to comment on the level of discussions
Ahmad Farroukh has replaced MTN South Africa CEO Zunaid Bulbulia with immediate effect. Bulbulia has been named chief operating officer of the MTN group, which is the role that Farroukh has filled until now
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Cell C has revealed that its subscriber base had grown to 18,1m at the end of June, a 59% improvement on a year ago, as it announces plans to restructure its interest-bearing debt. The company reported a 10,5% increase in revenue over the same period, it said. The mobile operator, South Africa’s third largest