Cell C has missed several payments to national roaming partner MTN South Africa, underscoring the dire financial straits in which the country’s third-largest mobile operator finds itself.
Browsing: MTN
MTN Group’s first-half earnings rose as Africa’s largest wireless carrier pushed ahead with an asset disposal plan and saw strong profit growth in its biggest market of Nigeria.
MTN Group’s interim financial results for the six months to June 2019 show that its South African business is under pressure as the result of new sector regulations and the weak economy.
Financially strained telecommunications operator Cell C said on Wednesday that it has finalised a term sheet for a further national roaming agreement with rival MTN South Africa.
Cell C’s board has appointed Douglas Craigie Stevenson as its permanent CEO. Craigie Stevenson had been serving in act acting capacity for the past five months following the resignation of Jose Dos Santos in March.
Helios Towers, one of sub-Saharan Africa’s largest mobile phone tower operators, is reviving plans for an initial public offering, people familiar with the matter have said.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.
Calvin Collett, MD of Supersonic, the new fibre-to-the-home provider in the MTN South Africa stable, believes there is a big business opportunity to roll out broadband infrastructure in South Africa’s townships.
There has been an alarming rise in incidents of battery theft from cellphone towers in South Africa and urgent action is needed to address the situation, MTN said on Monday.
MTN Nigeria has published strong maiden results as a listed company, with operating margins expanding significantly on the back of good service revenue growth.