Ralph Mupita has warned that the market should account for infrastructure costs in the pricing of services.
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News that MTN Group is facing an investigation by a US grand jury sent its shares tumbling 9% on Monday.
Competition from rivals, especially in the prepaid segment, is piling the pressure on MTN South Africa.
MTN Group has swung to a half-year profit as economic conditions and forex rates showed improved stability.
Market consolidation in South Africa’s telecoms sector is “long overdue”, MTN Group CEO Ralph Mupita has said.
How does the remuneration of the CEOs of South Africa’s two biggest telecoms groups compare?
The leaders of these companies have the responsibility to navigate tough economic conditions and a rapidly changing technological landscape while attempting to maximise value for shareholders.
MTN Group customer numbers are nearing 300 million as it talks of an “encouraging acceleration in operational momentum”.
MTN Group CEO Ralph Mupita has warned that US President Donald Trump’s tariff war could impact supply chains.
MTN Group CEO Ralph Mupita said new platform is not designed to be a competitor to services like Netflix.