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Pan-African mobile carrier MTN Group has selected JPMorgan Chase & Co to act as its advisor on the planned separation of its financial technology business Fintech, people with knowledge of the matter were reported as saying. The process is expected to complete by H2 2022 with the group considering a number of possible options, including bringing in...

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MTN SA has announced a ramping up of investments to modernise existing and deploy new network infrastructure across Limpopo and Mpumalanga, South Africa. The company says ultra-rural villages such as Mtititi and Ga Marishane will see benefits from the investment. The $56.4-million investment will go toward MTN’s “Modernisation of Network South Africa project” (MONZA) as...

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Ericsson has announced the signing of a contract with MTN Group for the deployment of mobile financial services in Sudan. The Swedish vendor says it is providing MTN Sudan with a ‘flexible, reliable and efficient m-commerce solution’ that includes the Ericsson Wallet Platform, systems integration, operational support, and solution development. The solution will provide a more agile and compliant...

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MTN South Africa is aiming to reach 25% coverage of South Africa’s population with next-generation 5G infrastructure by the end of the year, and 60% by 2025. This is according to the company’s CEO, Charles Molapisi, who was speaking on a conference call with investors on Friday following the conclusion of communications regulator Icasa’s auction of spectrum...

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Africa’s largest telecom group MTN SA has announced a further investment of $46.4-million (R700-million) in order to modernise existing, and deploy new, network infrastructure across the KwaZulu-Natal province in South Africa. The $46.4-million investment, which is an addition to the $33.17-million (R500-million) invested in 2021, will go toward MTN’s “Modernisation of Network South Africa project”...

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Many telecom operators on the continent are moving towards asset relief models by entering into sale-leaseback agreements for telecom towers with specialized companies. The tower sale operation launched in 2020 by MTN South Africa is gradually entering its finalization.  IHS Towers has obtained regulatory approval from the Competition Commission of South Africa (CompCom) for the acquisition...