MTN Group said it expects headline earnings per share to jump by between 40% and 50% in the six months to 30 June 2022.
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Promoted | MTN Business has appointed MIA Telecoms as its aggregator for the management of new resellers and partners.
The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
MTN Group has entered into discussions to acquire Telkom. The talks are at an early stage, the parties said, and might not result in a deal.
Keabetswe Modimoeng said MTN Group’s proposed acquisition of rival Telkom should be considered seriously by regulators.
Mteto Nyati, a former CEO of MTN South Africa and until recently group CEO of Altron, has joined the board of Telkom.
Nkwe Platinum and South Africa Zijin Platinum have contracted MTN and Huawei to build what the parties are calling Southern Africa’s first 5G-enabled “smart metal mine”.
MTN South Africa has provided more granular detail about where it plans to deploy 5G sites in South Africa this year.
Telkom is considering all “viable” options for its towers and masts business, Swiftnet, including the sale of a majority stake in the company.
Telkom has reported a decline in full-year revenue of 1.1%, to R42.8-billion. It has blamed tough competition and the weak state of the economy.