MTN Group has settled $300-million in Eurobonds that were due in 2024 early, helping deleverage its balance sheet.
Browsing: Ralph Mupita
MTN Group has announced it is appointing the outgoing CEO of Icasa as chief of staff in the office of group CEO Ralph Mupita.
MTN Group shares rocketed 9% on the JSE on Thursday after it reported a solid performance in its key markets.
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
MTN Group lifted first quarter pretax profit by 21.1% year on year, supported by service revenue growth amid demand for data and financial services.
MTN Group CEO Ralph Mupita expects consolidation in the markets in which the group operates as high capital investment requirements make it increasingly difficult for smaller operators to keep up.
MTN Group CEO Ralph Mupita earned total remuneration in the 2021 financial year of R84.2-million – and he wasn’t the only top executive handsomely rewarded.
MTN South Africa is aiming to reach 25% coverage of South Africa’s population with next-generation 5G services by the end of the year, and 60% by 2025.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.