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.
Browsing: MTN
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.
Phuthuma Nhleko, the man who led MTN Group on an acquisition spree that turned the telecommunications operator into an emerging-markets giant, has stepped down from its board of directors.
MTN South Africa will have a second go at a mobile money offering in South Africa when a redesigned platform goes live to the public next month after more than a year of development.
MTN Group CEO Rob Shuter on Thursday voiced his disappointment in the Competition Commission’s report on the data services market in South Africa, arguing it was poorly framed and failed to acknowledge the successes of the industry.
President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
Batteries that don’t have time to recover fully and criminals taking advantage of power cuts are two of the factors making life difficult for South Africa’s mobile networks as rolling blackouts continue into a sixth day.