MTN Group’s South Sudan unit said it’s investing at least R430-million in revitalising and expanding its operations as a new deal to end a five-year civil war brings relative peace to much of the country.
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Eskom’s rolling blackouts are placing severe strain on mobile network operators trying to keep base stations up and running.
MTN Group plans to push ahead with an initial public offering of its Nigeria unit in April or May once Africa’s biggest wireless carrier resolves a $2-billion tax dispute in the country.
Jumia has kick-started a plan to sell shares in New York as the fast-growing Nigerian firm seeks to take advantage of rising Internet access and increasing smartphone use on the continent.
MTN Group has announced it will launch an instant messaging service akin to China’s WeChat and Facebook’s WhatsApp as it seeks to expand revenue from digital services and mobile money.
MTN Group shares soared by 18.1% on Thursday after Africa’s biggest wireless carrier started a R15-billion disposal plan to shore up the balance sheet.
MTN Group announced the disposal of its share in a Botswana joint venture as Africa’s biggest wireless carrier by revenue kicks off a drive to raise at least R15-billion from asset sales and strengthen the balance sheet.
MTN South Africa improved service revenue by 4.2% in the 2018 financial year while at the same time growing operating margins, parent MTN Group said on Thursday.
MTN Group is considering the sale of its stake in Botswana’s largest wireless carrier, according to people familiar with the matter, in a deal that could raise R2.5-billion.
Liquid Telecom is giving serious thought to leveraging its spectrum asset in the 3.5GHz band, which happens to be ideally suited to the roll-out of next-generation 5G mobile broadband technology.