The cabinet has decided to scrap government plans to license a wholesale open-access network in South Africa.
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The Competition Commission has okayed the acquisition by New York-listed IHS Towers of thousands of towers owned by MTN South Africa, but has attached stringent conditions to the deal.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
MTN South Africa has reported strong earnings growth, with all business units performing well in the year to 31 December 2021.
Telkom has asked the high court in Pretoria to impose a “structural or supervisory” interdict on communications regulator Icasa over spectrum licensing.
Icasa will finally auction access to spectrum for mobile broadband services this week. But a looming court battle could still derail the allocation.
MTN Uganda reported on Monday a 6.6% jump in pre-tax profit for 2021, helped by higher data sales and faster uptake of its fintech services.
MTN Group’s share price topped R200/share on Wednesday, the first time the JSE-listed telecoms giant has touched these levels in nearly seven years.
MTN Group has acquired virtual land in Africarare, a metaverse, joining advertising agency M&C Saatchi Abel, which announced similar plans earlier on Monday.