MTN South Africa has cut data prices with a 30-day validity, in some instances by as much as 60%. The headline price for 1GB of ad hoc data is now R85, from R99 previously, matching rival Vodacom’s pricing.
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Safaricom’s rally to a record has made Kenya’s biggest company overvalued, with analysts forecasting a 10% drop in the next 12 months.
Ethiopia’s revived plan to sell a second telecoms licence to international operators received an early setback as MTN Group isn’t likely to resubmit a bid, according to people familiar with the matter.
Ethiopia will reopen bidding for its second telecommunications operator licence this month, two senior government officials said on Monday, including the right to operate mobile financial services.
Vodacom said on Monday that, working with telecommunications equipment supplier Nokia, it has been able to achieve the “highest transmission rates across a live optical network in Africa”.
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Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
South Africa’s mobile operators, including Vodacom, MTN and Rain, are set to face a big challenge to their business models from an unexpected quarter: fixed-line broadband. By Duncan McLeod.