MTN Group has reported a strong set of results for the 2020 financial year, adding 29 million customers, growing adjusted headline earnings per share by 52% and more than doubling operating cash flow.
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MTN Group said on Monday that it has appointed former McKinsey & Company executive Chika Ekeji to the newly created role of executive: strategy and transformation.
JSE-listed MTN Group, Africa’s largest mobile operator by subscribers, has committed itself to achieving net zero emissions by 2040.
MTN Group is looking to sell and lease back part of its portfolio of 13 000 South African towers, a sign that new CEO Ralph Mupita is looking to build on a disposal plan kicked off by his predecessor.
Telkom’s group chief financial officer, Tsholofelo Molefe, has resigned with immediate effect to take the role of chief financial officer at rival MTN Group, where she will take on CEO Ralph Mupita’s old job.
Ethiopia’s protracted privatisation process faces sticking issues as the government and prospective investors prepare to meet this week, with an escalating armed conflict starting to add to concerns.
Ferdi Moolman, the longstanding CEO of MTN Nigeria, MTN Group’s largest operating subsidiary, will step down from the role at the end of February 2021.
MTN Group chief financial officer Ralph Mupita took the reins from former CEO Rob Shuter on Tuesday, paving the way for a new era at Africa’s largest telecommunications group by subscribers.
Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September.
MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.