MTN Group reported an 18.8% decline in its first-quarter service revenue, weighed down by MTN Nigeria.
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Vodacom said it is keen to maintain its high capex-to-revenue ratio to maintain a network quality advantage.
East Africa’s biggest company sees no compelling case for splitting its mobile money service M-Pesa into a separate unit.
Nigerian companies are paying overdue dollar obligations after recent reforms led to increased liquidity in the forex market.
Regulatory support and reduced US dollar exposure have been identified as key to improving MTN Nigeria’s balance sheet.
MTN Group requires that its executives buy and hold shares at a level in proportion to their annual fixed packages.
MTN’s Bradwin Roper unpacks MTN’s fintech strategy, including its integration with PayShap, in this episode of TCS.
Macroeconomic pressures are stifling financial performance while regulatory interventions restrict subscriber growth.
Four high-capacity internet cables were severed in a suspected subsea seismic event near Ivory Coast on 14 March.
MTN Group has warned that criminals are impersonating Mcebisi Jonas, seeking to extract money from unsuspecting victims.