MTN Group has exited its investment in Yemen. Its departure from the troubled country is line with its strategy to leave the Middle East and focus on its investments in Africa.
Browsing: Ralph Mupita
MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria.
MTN Group has reported a 19.1% improvement in service revenue on the back of strong performances in data and mobile money.
South African telecommunication companies are trying to settle a wireless spectrum auction dispute with the industry regulator out of court to avoid a prolonged legal battle.
MTN Group has decided to pull the plug on its operation in war-torn Syria after it lost control of the business. It has booked a loss of R4.7-billion on the “deconsolidation” of the subsidiary.
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover.
MTN Group doesn’t want to play second fiddle to other operators in Ethiopia, prompting its decision not to bid when the East African country tenders a second telecommunications licence soon.
Telkom CEO-designate Serame Taukobong believes the company’s investments in a range of areas will stand it in good stead in the coming years.
MTN Group will bid again for a Ethiopian telecommunications licence in the second round if mobile financial services are included, its CEO, Ralph Mupita, said on Friday after losing the first round.
MTN Group has formally listed the shares of subsidiary MTN Rwandacell on the Rwanda Stock Exchange, becoming the first mobile telecommunications operator to do so.