MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.
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American Tower Corp has agreed to buy Eaton Towers for R27.2-billion as one of the few international providers of telecommunications infrastructure expands in the fast-growing African market.
MTN Group has identified Ethiopia as a rare country where Africa’s largest wireless carrier will consider expanding beyond its existing footprint.
While its rivals Vodacom, MTN and Cell C struggle with flat growth in a tough economic environment, Telkom is killing it in the mobile business, showing astonishing growth in subscribers in the past year.
MTN Nigeria said it has “not been accused of any wrongdoing” after reports emerged at the weekend that it’s being investigated by the country’s Economic and Financial Crimes Commission.
MTN Nigeria says it’s being investigated by the country’s Economic and Financial Crimes Commission over a listing of shares on the stock exchange.
Vodacom, MTN and Cell C have all shown a decline in customer satisfaction scores in the past year, though MTN and Cell C lag their bigger rival, according to new research.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss MTN’s decision to back down, under consumer pressure, over its plan to introduce an opt-out-only out-of-bundle service.
MTN South Africa has buckled under consumer pressure and will no longer implement its plan to introduce a “universal” 1MB out-of-bundle rate, from consumers would have to opt out.
MTN Group’s Nigerian unit soared another 10% on its second day of trading in Lagos as investors rushed to grab a slice of the country’s only listed mobile phone company.