Operationally, the time-suck on executive leadership from the Nigerian fine fallout had nothing to do with its other units across Africa and the Middle East. It’s always managed to run its “OpCos” quite independently, which arguably has a few more
Browsing: MTN South Africa
MTN has taken an R88m bath on the sale of its 50% stake in Internet service provider Afrihost, the telecommunications group revealed alongside its interim financial results for the six months to June
The number of subscribers on MTN South Africa’s network declined by almost 3% in the past year to 29,8m, parent MTN Group revealed in its interim financial results for the six months ended June 2016. The prepaid and
MTN has hit a perfect storm of bad news in the first half of its 2016 financial year, with the telecommunications group warning that it will report a basic headline loss per share of between R2,55 and R2,85 on Friday when it
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
Telecommunications group MTN warned on Tuesday that its profits for the six months ended 30 June 2016 will have come under pressure as a result of the record-breaking fine imposed on it in Nigeria and pressures
MTN Group fell in Johannesburg trading as Africa’s largest mobile phone company said it expects to report a first-half loss after agreeing to pay a record fine in Nigeria. The shares dropped by
MTN South Africa has reduced the prices of its fibre broadband data bundles by 50% to “boost the competitiveness of its propositions”, it said on Tuesday. In addition, those signing up for a 24-month contract before the end of September will get free
Just two years after acquiring a controlling stake in the company, MTN South Africa has announced it will dispose of its 50,02% stake in Afrihost to the Internet service provider’s management team. MTN acquired the stake
MTN Group said on Wednesday that it will appoint a new CEO by the end of June “at the latest”. In a note to shareholders ahead of the group’s AGM, MTN said the search for a new CEO was “well under way”. Former MTN CEO Phuthuma Nhleko