MTN South Africa has a new CEO. Chief financial officer Zunaid Bulbulia will take the reins at the telecommunications operator from Karel Pienaar, who has been named as chief strategy officer at the MTN group. Pienaar’s appointment will see MTN’s mergers and acquisitions and strategy functions being separated, with Khumo Shuenyane
Browsing: Sifiso Dabengwa
Former MTN CEO Phuthuma Nhleko is rejoining the group’s board, this time as its chairman, outgoing chairman Cyril Ramaphosa announced at its annual general meeting on Tuesday. Nhleko, who was appointed as the group’s CEO in 2002 and led a series of acquisitions across Africa and the Middle East that built MTN into a leading
MTN expects to sign up its 200 millionth active subscriber before the middle of the year, its CEO, Sifiso Dabengwa, told shareholders at the group’s annual general meeting in Roodepoort on Tuesday. By the end of April, MTN had signed up 197,4m subscribers in the 22 markets in Africa and
MTN was trading nearly 3% higher on the JSE in afternoon trading on Thursday after it emerged that rival Turkcell had filed to drop its US$4,2bn lawsuit against the South African-headquartered telecommunications operator. The counter has added 18,7% in
MTN is one of 15 operators still in the running for a potentially lucrative mobile telecommunications licence in Myanmar, various news wires reported on Thursday. The shortlist has been whittled down from 90 companies that had expressed an interest in mobile licences that will soon be up for grabs
MTN is one of 90 companies that have expressed an interest in mobile licences that will soon be up for grabs in Myanmar, one of the world’s least connected countries. Group CEO Sifisi Dabengwa says MTN should have clarity on whether it’s succeeded in its bid for a licence
JSE-listed mobile telecommunications group MTN is increasing its stake in its Cypriot operation from 50% to 100% by buying out its partner, Amaracos Holdings. The acquisition, the value of which has not been disclosed, will be done through MTN’s wholly owned subsidiary in
The Hoffmann Committee, appointed by MTN, has cleared the Johannesburg-listed telecommunications group of wrongdoing in Iran, calling allegations made by rival Turkcell a “fabric of lies, distortions and inventions”. MTN told shareholders on Friday that the committee, chaired top jurist
MTN executives have been awarded share options worth more than R50m at the prevailing share price. Group CEO Sifiso Dabengwa has been awarded 94 600 shares, which were worth R16,9m based on Wednesday morning’s near-record share price of R178,88. The shares will vest in three years provided the requirements of MTN’s
MTN has named Pieter Verkade, currently CEO of MTN Cyprus, as the group’s new chief commercial officer, effective from February 2013. Verkade will replace Christian de Faria, who retires in January after six years with the mobile telecommunications group. In his new role, Verkade