MTN Rwanda fined $8.5m for license breach

2017-05-17 22:03

A regulatory agency says it has fined MTN Rwanda roughly $8.5m for hosting its IT services outside the country.

MTN to pay R540m for stake in Iranian Net, plans to invest R3.4bn

2017-05-08 14:20

MTN is set to purchase a 49% stake in Iranian government-owned fixed broadband provider, Iranian Net for R540m with further investments likely to reach R3.4bn.

MTN revenue rises despite subscriber drop

2017-05-03 11:09

Network provider MTN has posted a 7.1% increase in total revenue, despite a marginal subscriber drop for the quarter ending March 31 2017.

SIM-swap victims mull legal action against banks

2017-04-24 13:24

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.

Competition watchdog throws out complaint against Vodacom, MTN

2017-04-18 17:28

The Competition Commission will not prosecute a complaint lodged by Cell C against Vodacom and MTN over anti-competitive conduct.

MTN paid Nhleko R72.2m for 2016 leadership role

2017-03-30 19:23

MTN awarded executive chairperson Phuthuma Nhleko R72.2m in pay and bonuses last year after he negotiated a reduced fine with Nigerian regulators.

MTN awards new SA CEO R8m in shares

2017-03-10 13:59

Mobile network MTN has awarded the new CEO for its South African unit millions of rands in shares as part of its performance plan.

MTN SA boss quits to join Altron

2017-03-07 17:59

Current MTN South Africa chief executive and former Microsoft managing director, Mteto Nyati, is joining technology group Altron as its new CEO.

MTN suffers first financial loss in 20 years

2017-03-02 09:32

Mobile network MTN says 2016 was its “most challenging” year ever as it reported its first annual loss in 20 years.


Rwanda fines MTN R111.5m over licence duties

2017-05-17 13:21

Mobile network provider MTN has been fined R111.5m ($8.5m) by the Rwanda Utilities Regulatory Authority over non-compliance with licence obligations.

Killing cash

2017-05-07 06:10

The death of physical currency is slowly approaching and the scramble to replace it is already in full swing.

Alleged MTN fraudster denies being syndicate leader

2017-05-04 17:54

An MTN accountant accused of defrauding the company of more than R23m has denied allegations that she was the leader of a syndicate.

MTN's accountant in court for fraud

2017-04-25 20:24

MTN's accountant who is accused of defrauding the company of more than R23 million will have to wait until next week to find out if she will be granted bail.

Remittances to Africa set to double

2017-04-23 07:30

WorldRemit, a British money transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access payment platforms via mobile devices and as expatriates send cash home.

Banks, Eskom, Transnet and MTN cut to junk status

2017-04-12 06:01

Fitch Ratings has downgraded Absa, Nedbank, FirstRand, Standard Bank, Investec, Eskom, Transnet and MTN to BB+ or junk status.

Mteto to run the rule over Altron's fortunes

2017-03-26 12:03

After more than half a century as a family business, the ailing company has reached out to an outsider to turn it around and focus on its future.

MTN mulls first rand-bond sale in 7 years on Nigerian woes

2017-03-07 20:08

MTN is gauging investor interest for its first sale of rand-denominated bonds in seven years as Africa’s largest mobile-phone operator struggles to repatriate earnings from its Nigerian business.

MTN cleans house

2017-03-05 06:00

Embattled cellphone company records its first loss in 20 years as the effect of its bungled Nigerian operations finally reaches its bottom line.

MTN inches closer to listing in Nigeria

2017-03-02 07:02

Africa’s biggest mobile-phone operator is moving closer to a listing on the Nigerian exchange, a move that could help it regain goodwill among Nigerians.

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