Former MTN Group CEO Phuthuma Nhleko has distanced himself from a controversial mobile operating licence in Iran that put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist. “I can state quite categorically that during
Browsing: Sifiso Dabengwa
Cellphone giant MTN was so desperate to win a mobile operating licence in the “virgin” territory of Iran that it allegedly put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist, write Sharda Naidoo, Craig McKune and Stefaans Brümmer
JSE-listed telecommunications group MTN has made sweeping changes to its top management structure, doing away with its regional vice-president positions and creating a new position of group chief operating executive, to be headed by Ahmad Farroukh. Farroukh, a former CEO of MTN’s Nigerian operation who
MTN Group expects to add more than 20m subscribers in the next 12 months, taking its customer base from 164,5m to 184,8m by the end of the year. In 2011, the JSE-listed mobile group, which has operations in 21 countries across Africa and the Middle East, grew its subscriber base by 16,2% to 164,5m. It expects to
MTN has awarded its group president and CEO Sifiso Dabengwa 111 600 shares worth R15,9m. The shares vest in three years in accordance with the group’s share plan in terms of which certain performance targets must be met. The options were awarded at a share price of R142,12. At the same time, the group
MTN SA chief financial officer Zunaid Bulbulia came to the telecommunications industry almost by accident. It was December 1993 and Bulbulia, the son of a shoe salesman, was doing his articles for his CA degree at a Johannesburg accounting firm when he was asked by one of the firm’s senior
Christian de Faria has been appointed to the newly created position of group chief commercial officer at MTN to address what the telecommunications operator calls the need for “end-to-end customer process management”. Until now
In a surprise development, JSE-listed telecommunications group MTN has announced it will not form a subsidiary board for its international operations — at least not yet. The group had planned to establish a separate board for its international operations, to be
MTN’s share price fell nearly 3% at the close of trading on the JSE on Thursday as the group’s CEO of the past nine years, Phuthuma Nhleko, completed his final day of duties at the emerging markets
Communications minister Roy Padayachie hosted technology industry leaders at a roundtable on Friday to discuss ways of growing the sector and creating jobs. Here’s who attended the event