MTN Group has raised R2.5-billion in three bonds as a way of lengthening its debt maturity profile, the mobile operator said on Friday.
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The operator has made key management appointments it said are meant to help with its strategy of transforming itself from a “telco to a techco”.
Nigeria suspended the implementation of a new telecommunications tax meant to help reduce the nation’s budget deficit.
Government has proposed that South Africa switch off its 2G cellular networks by June 2024 and its 3G networks by March 2025.
MTN Group has settled $300-million in Eurobonds that were due in 2024 early, helping deleverage its balance sheet.
Opensignal has found that MTN tops rival Vodacom in 5G availability and 5G upload speeds, while the companies draw level on other criteria.
MTN Group has appointed Christian Bombrun as CEO: Digital Platforms, replacing Minnie Harris, who has been acting in the position since April.
In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination.
MTN Group has announced it is appointing the outgoing CEO of Icasa as chief of staff in the office of group CEO Ralph Mupita.
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