In Ghana, the SIM card re-registration campaign causes MTN to lose 6.3% of its mobile subscribers in 2023

MTN Ghana’s mobile subscriber base declined by 6.3% year-on-year to 26.8 million in 2023, according to the mobile phone company’s latest annual report. The Ghanaian subsidiary of the South African group MTN considers this drop as a consequence of the end of the national SIM card re-registration campaign which saw telecom operators disconnect subscribers who...

Mastercard and MTN expand fintech cooperation

Mastercard and MTN Group Fintech have signed a multi-market agreement that will use Mastercard’s technology and capabilities to support MTN’s ambition to become Africa’s largest fintech platform for both merchants and consumers. This follows Mastercard and MTN’s recent agreement for a minority investment into MTN Group Fintech – the digital financial services arm of Africa’s...

MTN Ghana Reports Strong Growth and Compliance Achievements in 2023

MTN Ghana, operating under Scancom PLC, has released its condensed consolidated financial information for the year ended December 31, 2022, showcasing robust growth and adherence to regulatory directives. Financial Highlights: Mobile subscribers surged by 12.8% to 28.6 million, while active data subscribers and Mobile Money (MoMo) users grew by 8.3% and 15.0%, respectively. Service revenue...

MTN and Huawei Sign Memorandum of Understanding for Joint Innovation Tech Lab to Boost Digital Transformation in Africa

MTN Group and Huawei signed a Memorandum of Understanding (MoU) for a Joint Innovation Technology Lab, aiming to deepen cooperation in technological innovation. The signing ceremony, which held at MWC Barcelona, Spain was attended by senior delegations from MTN and Huawei. This strategic partnership will see the creation of an Innovation Technology Lab at MTN...

Is the MTN Nigeria and Globacom interconnection dispute over?

Operators MTN Nigeria and Globacom have, according to local news reports, agreed to resolve their latest dispute over interconnection fees. Regulator the Nigerian Communications Commission (NCC) announced late last week that the interconnect debt dispute between MTN Nigeria and Globacom had been, as it put it, “amicably resolved”, continuing: “In accordance with this resolution, the...

In Sudan, telecommunications operators announce an interruption of their services

The Sudanese telecoms company Zain Sudan announced on Monday February 5 an interruption of its mobile telephone and Internet services. Its main competitor MTN Sudan had already made a similar announcement on Friday February 2. Both operators cite circumstances beyond their control. “  The company staff and support company team worked in extremely difficult, harsh...

MasterCard buys $200m stake in MTN Group Fintech

MasterCard yesterday sealed a definitive agreement with MTN, for a minority investment of up to $200 million in MTN Group Fintech, valued at $5.2 billion on a cash and debt-free basis. The Johannesburg Stock Exchange (JSE)-listed MTN Group stated today that the deal, which is non-categorised under the JSE Listings Requirements, was originally announced on...

MTN media chief resigns

MTN South Africa’s chief sustainability and corporate affairs officer, Jacqui O’Sullivan, has resigned. This is according to a message MTN SA CEO Charles Molapisi recently sent to staff. “After six years with MTN SA, our Chief Sustainability and Corporate Affairs Officer, Jacqui O’Sullivan, has made the decision to leave MTN to explore new opportunities,” Molapisi...

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