MTN is tops among South African customers, while Rain is stone last – and by some distance – according to new research gauging the sentiment of consumers towards local telecommunications operators.
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Just a week after its CEO, Pieter Engelbrecht, teased the launch of its own mobile service, Shoprite Group has provided details of the launch K’nect Mobile, its mobile virtual network operator platform.
Communications regulator Icasa will pursue a legal appeal against a high court judgment that slammed the brakes on the spectrum auction. But has also said it is open to an out-of-court agreement.
Facebook and Google are spending billions trying to get more people online in Africa, but the Internet giants are facing a backlash from governments worried about technology being used to remove them from power.
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.
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.