Nashua Mobile will close all of its operations once it has completed the sale of its subscriber base to South Africa’s mobile operators, it said on Monday. The company has promised its customers that they will continue to receive uninterrupted service after announcing that it had reached an agreement to sell most of its subscriber
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French telecommunications group Orange is playing down the impact on it of the expected imminent closure of Nashua Mobile, in whose stores it was building a brand presence. Nashua Mobile parent Reunert said on Monday it had entered into agreements to sell its subscriber base to MTN and Vodacom, and that it was engaged
MTN may have just kick-started a new price war in South Africa’s mobile industry. The telecommunications operator has cut prepaid rates to 79c/minute to all networks, although only on a promotional basis for the next three months, until 9 July. The move comes just two weeks after a high court judge ordered that mobile
There appears to be no stopping the rise in Telkom’s share price. The counter added nearly 5% on Thursday, to close near the R40 mark. It’s now flirting with levels last seen in 2010, after it offloaded its 50% stake in Vodacom to Vodafone and to shareholders. The share closed at R39,70, up by 4,1%, after having touched
Telkom intends slashing its costs by R1bn/year for the next five years in an effort to unlock shareholder value and turn around its financial performance, its CEO, Sipho Maseko, was quoted in a newspaper report on Wednesday as saying. This would include job cuts, Maseko was quoted as saying. He added that he would
South Africa’s MTN Group and India’s Bharti Airtel have reached an agreement to launch cross-border remittance services between Cote d’Ivoire and Burkina Faso for the telecommunications operators’ Mobile Money customers on either side of the border
TechCentral’s recent interview with Herman Singh, Commerce is mobile’s fourth wave, is interesting coming in the same week that his employer, Vodacom, was part of a court action to preserve its unreasonably high mobile termination rights arrangement. Vodacom, along with MTN, threw everything it had into
MTN South Africa has warned its customers of a new Sim swap scam that takes advantage of warning notices usually issued by the mobile operator via SMS. “This is another attempt by malicious users to obtain the personal banking details of MTN customers,” it says. The syndicate behind the scam sends an e-mail similar to
Bewilderment. That’s the word that best described the look on the faces of mobile communications industry executives crammed into a courtroom on the 11th floor of the high court in downtown Johannesburg on Monday afternoon as they listened to judge Haseena Mayat hand down her decision in a key industry battle
MTN has announced a new international roaming service for the 21 countries in which it operates in Africa and the…