Ethiopia has set a new deadline of February 2021 to complete the partial privatisation of the country’s telecommunications industry, with carriers such as Orange, Vodafone Group and MTN Group keen to participate.
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Ethiopia plans to sell a 5% stake in its state-run telecommunications firm to its citizens as part of measures to break up the monopoly, state-affiliated Fana Broadcasting said on Monday.
MTN Group’s unit in Ghana has sought review from the supreme court after a high court this week dismissed its challenge to a move by the regulator aimed at exposing it to greater competition.
A high court in Ghana has dismissed the local MTN Group unit’s challenge to a move by the national telecoms regulator aimed at exposing it to greater competition.
MTN South Africa has signed an agreement with Apple that will result in the mobile operator’s customers receiving up to six months of free access to Apple Music, the technology giant’s streaming music platform.
Nigeria’s central bank said it will grant more licences for payment service banks but set a minimum capital base that could deter telecommunications firms and some other potential new entrants.
Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September.
Wireless towers operator IHS Holding is exploring a potential IPO, shareholder Wendel said on Tuesday, in a deal that could be the biggest listing ever by an African company in the US.
Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the Covid-19 would lead to a flood of online orders.
MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.