TechCentral reported on Tuesday that Pick n Pay was set to become the first mobile virtual network operator on MTN’s network. The companies have now published details about the PnP Mobile initiative.
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Retail group Pick n Pay will be the first mobile virtual network operator (MVNO) to use MTN South Africa’s newly launched platform to support these types of virtual providers, TechCentral has learnt.
Vodacom South Africa is building a platform to support mobile virtual network operators and expects to launch this soon after the conclusion of the spectrum auction next March.
Vodacom Group reinstated growth targets and said it has the financial strength to take part in a long-awaited auction of broadband spectrum in South Africa.
Telkom CEO Sipho Maseko said on Tuesday that the company has briefed its lawyers to “consider and advise” on its available options given its deep unhappiness with Icasa’s invitation to apply for broadband spectrum.
Huge Group subsidiary Huge Cellular has asked former partner Cell C to give it more time to migrate the remaining 15% of customers it hasn’t yet ported to MTN South Africa’s network. Cell C said it won’t get it.
South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.
MTN South Africa appears eager to accelerate the return on investment in network infrastructure by attempting to grab market share from its competitors.
MTN Group said on Friday it had now exited its 18.9% stake in African online retailer Jumia, making R2.3-billion in net proceeds.
MTN South Africa delivered strong subscriber growth in the third quarter of 2020, propelled higher by an advance in prepaid users. This, coupled with surging demand for data, helped lift revenue and margins.