MTN Group said the initial public offering of its Ugandan unit raised USh535.9-billion, less than two-thirds of its target.
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The battle between operators for the fixed-wireless home broadband market just stepped up a gear.
MTN South Africa has taken a knife to international data roaming charges, cutting the price from R2.50 to 99c/MB effective immediately. There are some caveats, though.
Icasa has licensed “provisional” spectrum to operators, ahead of an end-of-the-month deadline to do so, in the process resolving the threat of legal action.
MTN Group said on Tuesday that it has secured regulatory approval for a public offer of ordinary shares in its Nigerian subsidiary.
MTN South Africa said on Monday that users of its MoMo mobile money platform can now “cash out”, or withdraw funds, at Nedbank-owned ATMs.
The regulator is suspending expedited plans, at least temporarily, for licensing a wholesale open-access network.
MTN Group has exited its investment in Yemen. Its departure from the troubled country is line with its strategy to leave the Middle East and focus on its investments in Africa.
Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.
Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.