Shares in Blue Label Telecoms enjoyed a rare upswing on Friday, a day after it issued a trading update that showed its core business continues to perform well despite the ongoing woes at Cell C.
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Icasa plans to issue an “information memorandum” before the end of the year on the licensing process for high-demand spectrum, finally kicking a process into gear that should have been concluded years ago.
Rain has launched a commercial 5G wireless home broadband service, becoming the first telecommunications operator in South Africa to do so.
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.
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.