New independent research shows that MTN has South Africa’s best mobile network and beats its rivals in every category, from consistent quality to download and upload speeds.
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Vodacom is in talks with Cell C about taking on the smaller rival’s contract-paying mobile phone customers, a move that would strengthen its position as South Africa’s telecommunications market leader, sources said.
MTN Nigeria Communications surged by 10% in Lagos on Monday, the most allowed by the exchange and matching the biggest gain since its May market debut.
Shares in Telkom have rocketed more than 21% since reaching a multi-year low in intraday trading last Thursday, signalling that investors believe the sell-off was overdone.
In some rare good news for MTN Group, Nigeria’s attorney-general has withdrawn a $2-billion (R28.5-billion) tax demand against its subsidiary in the West African nation.
Telkom fell through R30/share on Thursday as the six-month-long slide in its share price – which has now wiped out more than 70% of its market value – continues.
MTN Group said on Thursday that it is selling its 49% stake in the Ghana and Uganda Tower Company to a subsidiary of American Tower Corporation for about R7.3-billion.
MTN Group said on Monday that it is facing a lawsuit over alleged contravention of the US Anti-Terrorism Act in Afghanistan where it is accused of paying protection money to the Taliban.
MTN has opted over the years to enter parts of the world seen as too risky by many other carriers. That’s left it vulnerable to legal entanglements, unpredictable politics and regulatory crackdowns.
Exclusive | Vodacom and Liquid Telecom have signed an agreement which will, in effect, give the country’s biggest mobile operator access to a key spectrum band, allowing it to deploy 5G services nationally.