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.
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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.
Icasa has vetted and approved all six companies that bid to take part in next month’s radio frequency spectrum auction for mobile broadband services.
MTN Group said on Friday that its full-year headline earnings per share would rise by between 25% and 35%.
MTN Group is readying a huge overhaul of its brand identity, changes taking place outside its Fairland, Johannesburg head office have revealed.