MTN Group shares slumped to a six-year low after a Nigerian senator claimed the wireless carrier may have illegally moved more than the previously estimated US$14bn out of the country, citing early findings
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Popular (mis)conception has it that Cell C, whose resurgence began under Alan Knott-Craig in 2012 and continues under Jose Dos Santos, has been rapidly stealing market share from larger rivals Vodacom and
MTN Group may have illegally moved more than the previously claimed US$14bn out of Nigeria, a lawmaker said, citing early findings from an investigation into the allegation by international forensic experts. “We have realised from
How many customers does Cell C actually have? On its website, as well as in communication from the company over the past year, it has claimed to have over 20m subscribers. But a regulatory filing on Tuesday suggests it actually
Cell C is in the process of raising US$600m, or about R8,5bn, to prop up its balance sheet, given its crippling debt load of R23,6bn. The company’s management is currently on a roadshow in London to drum up support among investors, as the
The recently released national integrated ICT policy white paper mandates an open-access, wholesale wireless network with exclusive rights to high-demand spectrum. This is intended to break the stranglehold
Cell C is “very definitively” offering the best deals for consumers looking to get their hands on Apple’s new iPhone 7. Tariffic, a company that helps retail consumers and businesses save money on their cellphone bills, has
Government has no intention of running a mobile network in the country, says telecommunications minister Siyabonga Cwele. Last month, cabinet approved South Africa’s new national ICT policy which seeks
Government’s radical plan to shake up the way radio frequency spectrum is allocated in South Africa has been met with universal derision by ICT analysts and experts, who say it takes huge and unnecessary risks that could cause
The publication this week of the deeply problematic national integrated ICT policy white paper is just the latest episode in 22 years of ANC policy making that has left a rotten legacy for the sector. The industry has made progress in the