The fate of valuable broadband spectrum will be decided on Tuesday when the regulator, the Independent Communications Authority of SA, meets to discuss whether to go ahead with a planned auction. Industry insiders say the auction, for radio frequency spectrum in the 2,6GHz and 3,5GHz bands could be canned. The spectrum is ideal for providing the next generation of wireless broadband services.
With MTN’s cellular network acquisitions in emerging markets on hold, analysts say the group can probably be considered a mature business. But there are still opportunities in the business services sector, they say. MTN told shareholders on Thursday that acquisition opportunities in emerging markets are becoming harder to find.
MTN says it will have to start investigating options to improve cash returns meaningfully to shareholders as the emerging market telecommunications sector matures.
That’s the shock assessment of the cellular group’s outgoing president and CEO Phuthuma Nhleko. Nhleko will address the company’s annual general meeting on Thursday afternoon, giving shareholders a peek at what they can expect to see at its interim results presentation next month.
Africa’s largest mobile phone operator MTN is planning to sell 4% of the company’s equity to black investors in what could prove to be the largest broad-based empowerment deal in SA’s telecommunications industry. MTN’s empowerment deal was expected to happen last year with the unwinding of the Alpine Trust-owned investment company Newshelf 664.
Local mobile operators handled booming traffic volumes during the 2010 soccer World Cup. Vodacom enjoyed a 40% increase in SMS…
The Johannesburg Stock Exchange (JSE) is up and running after international connectivity troubles delayed its opening on Monday. The opening…
Tim Lowry, one of MTN’s top executives, has left the telecommunications group. A former MD of MTN SA, Lowry most recently ran the South and East Africa (Sea) region for the group. MTN spokesman Pearl Majola says no one has been appointed to replace Lowry as vice-president of the Sea region.
SA will soon be awash in cheap international bandwidth. The challenge is getting that bandwidth into the hands of consumers and companies. So, news this week of the launch of a new fibre operator is encouraging. Eassy. Wacs. Ace. Main One. These are the names of new cable systems that are either in the works or already under construction. Together with the Seacom cable in the east and the Sat-3 system in the west, they promise a flood of cheap international bandwidth.
Telecommunications operator Neotel is in discussions with the Independent Communications Authority of SA (Icasa) to have the once-off R100m licence…
With only a few months to go until Telkom becomes SA’s fourth mobile network operator, the question on many people’s lips is whether the fixed-line incumbent will start a price with Vodacom, MTN and Cell C. Telkom hasn’t yet decided on tariffs for its mobile offering. The company’s MD, Nombulelo “Pinky” Moholi, says these must be still be approved by the board
