Mobile operator MTN is prioritising a high-quality network as it looks to sell its tower infrastructure in South Africa. So says MTN SA CEO Godfrey Motsa, in a statement sent to ITWeb, as the company looks to raise capital from the process. However, the telco did not divulge how much it is looking to raise...
MTN Uganda said it will appeal a decision by the country’s High Court ordering the company to pay US$14.1-million for a transitional licence. The operator had petitioned the court challenging the legality of an assessment by the Uganda Communications Commission (UCC) for a transitional licence between 2018 and June 2020. During this period MTN was...
MTN Group is making progress towards separating the company’s fintech business and sell a portfolio of South African towers as Africa’s largest wireless carrier continues to slim down. The finalising of a plan to spin off the lucrative fintech unit, which includes mobile money, should be completed by the end of March 2022, MTN said on...
The broadband market is gaining value in Africa and is becoming a powerful engine of growth for various telecom groups. To take advantage of this, MTN Group has initiated a general strategy of operational efficiency since last year. The company has taken a further step in this regard. MTN has established a fiber optic operator in Zambia. The...
MTN-backed African messaging app Ayoba now counts 5.5 million monthly users as part of its user base, the company announced yesterday as it marked its second birthday. At the end of June 2020, Ayoba had two million active users. In a statement, Ayoba says this year will see many upgrades and additions to the app, including new...
MTN Rwanda has announced it is the first mobile network operator to list its shares on the Rwanda Stock Exchange (RSE). In early April the company announced approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of its listing by introduction on the RSE and the approval of Crystal Telecom’s (CTL) shareholders...
MTN Nigeria Communications shed five million mobile subscribers in the first three months of the year as it struggled with customer churn and restrictions on Sim card sales and activations. JSE-listed MTN Group, which owns Nigeria’s largest telecommunications operator, on Monday said there was also a slight slippage in data customers at the unit, with active...
Telecommunications company MTN says it will begin its first commercial installation of Supersonic AirFibre on May 3rd. Since the announcement of the launch of the solution in February this year, the group said it has received over 20,000 expressions of interest, with the aim to connect 60,000 homes within the first year. This coincides with...
Amid accelerated digitalisation, MTN Ghana has committed to spend $149 million (R2.1 billion) in total capex in the year, to meet the demand of digital services and help maintain the quality of its network. MTN Ghana today released results for the quarter ended 31 March, saying it plans more investments in the network and has...
MTN Rwandacell (MTN Rwanda) is looking to make its debut on the Rwanda Stock Exchange (RSE) on 4 May 2021. In a statement, the company says this announcement follows the approval by the Capital Market Authority (CMA) and the Rwanda Stock Exchange (RSE) of MTN Rwanda’s listing by introduction on the RSE and the approval...
