From inception, no one has made an equity return from investing in Cell C. It’s doubtful whether Jonathan Beare and his Buffet Consortium will be any different.
Browsing: MTN
MTN South Africa is launching a wholesale fixed-LTE offering to Internet service providers, with its own ISP, Supersonic, the first to bring a retail product to market on the back of the offering.
MTN Group is making a number of changes to its executive leadership team across Africa.
South Africa is in a precarious state and urgent action is needed to stabilise its finances, according to former deputy finance minister Mcebisi Jonas, who will assume the role of MTN Group chairman in December.
The regulator’s complaints and compliance committee has fined MTN South Africa R5-million – R2-million of which is suspended for three years – for contravening regulations when it hiked the tariffs on one of its data plans.
Nigeria’s ruling party has urged the government to nationalise South African companies operating in the West African nation in retaliation for xenophobic attacks on its nationals.
MTN South Africa CEO Godfrey Motsa has penned a powerful e-mail to the company’s employees, decrying the xenophobic attacks on foreigners over the past week as well as violence against women.
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
Just days after news emerged that Cell C was pulling the plug on its wholesale fixed-LTE broadband plans, MTN South Africa has stepped into the breach, offering high-capped packages at aggressive price points.
S&P Global Ratings has downgraded Cell C’s debt to “D”, or “default” – its lowest-possible “junk” rating – after the mobile operator “failed to make interest payments on certain bilateral loan facilities” due last month.