Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
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MTN Group is considering spinning out its fibre and financial services units and will potentially list one of them to unlock value trapped in its core business, the company said on Wednesday.
Wholesale revenue at MTN South Africa declined by 16.4% in the 2020 financial year after the discontinuation of the company’s roaming supply agreement with Telkom.
MTN Group has reported a strong set of results for the 2020 financial year, adding 29 million customers, growing adjusted headline earnings per share by 52% and more than doubling operating cash flow.
Telkom and e.tv have secured an interdict against Icasa, preventing the spectrum auction planned for later this month from taking place until the merits of their case can be heard by the high court.
MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.
The Internet Service Providers’ Association has called for mediation, rather than litigation, to resolve the stand-off between communications regulator Icasa and telecommunications operators over the looming spectrum auction.
The future success of telcos will require that they become one-stop diversified technology service providers and change attitudes towards what have been traditional functions. By MTN’s Sudipto Moitra.
MTN Nigeria is at an advanced stage in renewing its operating spectrum and licence in Nigeria for another 10 years from September, the local unit of South Africa’s MTN Group said on Sunday.
MTN Group remains committed to negotiating a $65-million sale of its 75% stake in its Syrian unit, despite the business being placed under judicial guardianship last week.