Africa’s largest mobile phone operator MTN is planning to sell 4% of the company’s equity to black investors in what could prove to be the largest broad-based empowerment deal in SA’s telecommunications industry. MTN’s empowerment deal was expected to happen last year with the unwinding of the Alpine Trust-owned investment company Newshelf 664.
MTN is not in discussions to acquire a stake in India’s Loop Telecom, the JSE-listed telecommunications group said on Monday. This followed a report in India’s Business Standard newspaper that the two telecoms providers were in talks. The newspaper did not name its sources, merely citing people close to the developments
MTN has formally ended talks with Weather Investments, the parent of Egypt’s Orascom Telecom, dealing another blow to the SA-based cellphone group CEO Phuthuma Nhleko. The termination of the talks with Orascom’s parent brings to the three the number of high profile but failed potential deals that Nhleko has tried unsuccessfully to pull off in the past tw
JSE-listed cellphone group MTN has confirmed what market watchers already knew: that it is in talks to buy part or…
Is MTN in talks with Egypt’s Orascom about a potential tie-up? A report by Bloomberg on Thursday afternoon implied that…
“It’s difficult to let go.” Phuthuma Nhleko, MTN’s group president and CEO, sounds almost rueful when I ask him why…
JSE-listed cellphone group MTN plans to spend almost US$200m (R1,5bn) in total on high-capacity undersea cables serving markets in Africa…
Now that MTN has confirmed what was long suspected, that group CEO Phuthuma Nhleko is leaving for pastures new, talk…
The decision by Phuthuma Nhleko to step down as MTN CEO is “bad news” for the JSE-listed cellphone group, says…
MTN has confirmed what many have long suspected. The cellular group’s president and CEO, Phuthuma Nhleko, is to step down.…
