MTN Group on Thursday reported a headline loss of 77c/share for the year ended 31 December 2016 as a perfect storm, headlined by a multibillion-rand fine in Nigeria, its biggest market, culminated in what it has
Browsing: Phuthuma Nhleko
MTN Group has been having a tough time of it in Nigeria, its most lucrative market. Protesters last week vandalised the company’s headquarters in the capital, Abuja, in retaliation for xenophobic
MTN, which previously cautioned it would report a loss for the full-year ended 31 December 2016, has now provided more guidance on the likely range of the losses. Africa’s biggest mobile operator expects
MTN is boosting its economic interest in mobile phone tower operator IHS Group from 15% to 29%, the JSE-listed telecommunications group told shareholders on Wednesday. In a statement on the JSE’s stock exchange
MTN Group may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery in the continent’s most populous country. “It’s a work in
Here they are, TechCentral’s South African ICT Newsmakers of 2016. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for
MTN Group, the South African wireless carrier that’s been trying to repatriate US$1bn from Iran, has managed to extract several hundred million dollars or several billion rand from the country with the
The shake-up of the top management team at MTN continues. The South African-headquartered emerging-markets telecommunications group has hired Jens Schulte-Bockum as its new chief operating officer, replacing
MTN Group executive chairman Phuthuma Nhleko has sold shares worth about R123m as he prepares to hand over the day-to-day running of Africa’s biggest wireless company to incoming CEO Rob Shuter. Nhleko will also benefit from the
MTN South Africa is set to help launch consumer brands as mobile virtual network operators (MVNOs), according to the company’s CEO. The brands include “household names”, MTN South Africa