Profits at Nashua Mobile plunged by 41% year on year in the six months to 31 March 2014, falling from R101,8m to R60,4m, parent Reunert disclosed in its interim results on Tuesday. This was on the back of a 2% decline in revenue, from R1,85bn to R1,81bn, at the independent cellular service provider, whose customer base Reunert has
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Vodacom published its annual results for the 2014 financial year on Monday. TechCentral editor Duncan McLeod sat down with the group’s CEO, Shameel Joosub, after the results presentation to ask him about the operator’s offer to buy Neotel as well as its plans to relaunch M-Pesa. Joosub talks about Vodacom’s view on where
Delays by government in creating a policy for the licensing of additional spectrum needed to build next-generation mobile broadband networks forced Vodacom into making an offer to buy rival telecommunications operator Neotel. Vodacom CEO Shameel Joosub says mobile
Vodacom has revealed that the Competition Commission has decided to investigate a complaint lodged by Cell C, in which the smaller mobile operator has accused its larger rival of abusing its dominance in contravention of the law. “The group received a complaint from the Competition Commission in which it is alleged that Vodacom
Cell C this week signalled it will not back down an inch as the price war between South Africa’s mobile operators intensifies. The mobile operator, South Africa’s third largest after Vodacom and MTN, upped the stakes with its bigger rivals by cutting its prepaid rate from 99c to 66c/minute (billed per second) on a promotional basis
MTN plans to spend US$3bn (about R31bn) on its network in Nigeria over the next three years to improve quality of service. The company has previously had quality problems with its network in the West African country. According to website BDlive, the Nigerian Communications Commission banned MTN and two other mobile operators
Altron intends hanging tough with subsidiary Altech Autopage. The diversified technology group’s CEO, Robbie Venter, says it has no plans to sell Autopage or its million-strong subscriber base after rival Reunert announced in April that it would sell Nashua Mobile’s base. The decision by Reunert means Autopage will soon be the last
Telkom will consider employment equity in its latest round of planned job cuts, which could affect more than 2 600 management-level employees, a report said on Wednesday. This means that partially state-owned and JSE-listed telecommunications operator “plans to target white, male employees when making job cuts”, according to
Vodacom, the top-rated company in the Reputation Institute’s annual National RepTrak Pulse survey last year, has fared “particularly poorly” in the 2014 edition of the survey, falling to sixth position and behind rival MTN. The survey found that there has been a “bloodbath” in company reputations, with the exception
Cell C has upped the ante in South Africa’s mobile price war. The mobile operator has slashed prepaid call rates to 66c/minute, from 99c/minute previously. The new 66c tariff excludes its Supacharge recharge benefits, which will continue to be available