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...

MTN affiliate IHS settles shareholder governance dispute

Africa-focused cellular tower operator IHS Holding and its second largest shareholder, Wendel, said on Tuesday that they have reached an agreement on corporate governance matters, including lowering the ownership threshold for investors to nominate directors. IHS is embroiled in a shareholder dispute with mobile operator MTN Group, its largest shareholder with a 26% stake, along with...

MTN Group counts on Ericsson Wallet Platform in fintech drive

Ericsson and MTN Group have strengthened their relationship to provide mobile banking services and financially empower millions of African citizens. The alliance aims to increase financial inclusion from first-time consumers to high-end enterprise applications by leveraging MTN’s Mobile Money (MoMo) service on the Ericsson Wallet Platform. Ericsson Wallet Platform conducts over 400 million mobile wallets...

© Copyright Extensia Ltd