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.
Browsing: Ralph Mupita
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.
Ethiopia received bids for telecommunications licences from MTN Group and a consortium led by Vodafone Group, according to Brook Taye, an adviser in the finance ministry.
Rob Shuter, who resigned as CEO of MTN Group last year and who has since taken a senior role at the UK’s BT Group, was paid R73.8-million in his final eight months at the JSE-listed telecommunications firm.
MTN Group is considering spinning out its fibre and financial services units and will potentially list one of them to unlock value trapped in its core business, the company said on Wednesday.
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.
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.