Browsing: Vestact

In-depth
MTN sucked into Nigerian political vortex

MTN Group has become a battleground issue for Nigerian politicians vying for ascendancy ahead of a national election in February, with $10-billion worth of claims made against the South African wireless carrier.

In-depth
Global tech boom isn’t done, SA experts say

Despite the enormous run-up in global technology stocks in the past five years – and the recent stomach-churning volatility – the market isn’t repeating the dot-com euphoria of 1999 and South African investors would

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MTN said to be buying Iranian ISP

MTN Group is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s biggest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging

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Felleng Sekha to head MTN regulatory affairs

MTN Group appointed Felleng Sekha to the newly created position of head of regulatory affairs, part of a management shake-up at the wireless carrier following a record US$1bn fine in Nigeria, according to three people familiar with

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MTN drops on new Nigeria worries

MTN Group shares slumped the most in three months after Nigerian lawmakers raised new allegations about the wireless carrier, this time accusing the company of illegally moving almost US$14bn out of its largest market. Nigeria’s senate

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MTN gains after raising R18bn in loans

MTN Group, Africa’s largest mobile-phone operator by sales, rose for a second day after raising more than US$1,3bn (R18,6bn) in loans before the potential sale of bonds. The shares jumped 2,2% to R121,49 as of 12.29pm in Johannesburg

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MTN gains despite first-ever loss

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that

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Vodacom customer numbers fall

Vodacom Group said customer numbers fell in the first quarter as authorities in international markets that include Tanzania and the Democratic Republic of Congo made changes to the way the company registers subscribers. Group active customers

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Tencent makes move on Africa

China’s Tencent, in which JSE-listed Internet and media group Naspers holds a 35% stake, appears to have designs on the African market and is preparing to ramp up focus on South Africa and Africa more broadly with its WeChat platform. Tencent, well known in China for its QQ

In-depth
Apple at the crossroads

Fifty billion dollars was wiped off Apple’s valuation in after-market trading on Wednesday after it published first-quarter results that spooked investors, despite lifting sales by 18% to a record US$54,5bn. The question on investors’ lips now is whether this marks the bottom of an aggressive sell-off

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