From the Northcliff water tower, you have a 360-degree view of Johannesburg. On a clear day, you can see all the way out to the Magaliesberg. The skyline landmark teeters on what was once called Aasvöelkop, the ridge where Matabeleland founder Mzilikazi stood before he headed north to Zimbabwe
Browsing: MTN
Telecommunications group MTN has announced a major shake-up of executive responsibilities, with a series of new senior appointments at group level and at its key operations in South Africa, Nigeria and Ghana. MTN Ghana CEO Michael Ikpoki has been named as
MTN was trading nearly 3% lower in midmorning trading on the JSE on Tuesday after dropping a bombshell on Monday…
MTN chief financial officer Nazir Patel has resigned from the telecommunications group’s board “with immediate effect” amid “certain allegations” made against him. The allegations, the details of which have not been disclosed, are the subject of an ongoing investigation commissioned by MTN, the group said in a short statement to
Reductions in mobile termination rates, the fees operators charge each other to carry calls between their networks, has had a direct impact on the retail price of prepaid telephony in South Africa, but tariffs are still far higher than elsewhere in Africa and further big cuts are needed
Mobile operator Cell C has held discussions with Telkom about opportunities to consolidate South Africa’s mobile phone industry, CEO Alan Knott-Craig revealed in a radio interview on Thursday (full audio transcript below). In response to a question from Talk Radio 702 host Stephen Grootes about whether
South Africa is too small a market to accommodate four mobile operators, Cell C CEO Alan Knott-Craig told journalists on Wednesday. Replying at a media conference to a question from TechCentral, Knott-Craig said: “I think it’s too late for four. Maybe [it made sense] five or seven years ago [but] after 20
The combined R5,7bn Cell C has received from its majority shareholder, Oger Telecom, and in financing from a Nedbank-led grouping will be used to improve its network and win market share from rivals Vodacom and MTN, says the operator’s CEO, Alan Knott-Craig. But Knott-Craig
Cell C’s majority shareholder, Dubai-based Oger Telecom, has earmarked an equity investment of US$350m (R3,5bn) for the mobile operator. In addition to the shareholder injection, key lenders, including Nedbank and Development Bank of South Africa (DBSA), have concluded a long-term financing package of R2,2bn to Cell C, in a transaction arranged
Johannesburg-listed mobile telecommunications group MTN is investing US$75m in a UK-based fund run Amadeus Capital Partners. Amadeus says the new fund will invest in “late-stage venture and growth companies, predominantly in mature markets, developing online and mobile applications and services