MTN raises about R14bn through asset sales, plans to pay off debt

2020-01-02 18:39

Mobile operator MTN says it is on track with its plan to realise return of at least R15bn from asset sales over three years.

Q&A: Vodacom's Carol Hall on climbing the corporate ladder

2019-08-04 14:59

Vodacom Managing Executive for the Western region Carol Hall started her career at the mobile communications company selling cellphone contracts, she shares lessons she's learnt on her journey.

MTN is raising R8bn in Nigeria for expansion

2019-05-14 08:31

MTN Group's Nigerian unit plans to raise about R8bn this year from a variety of sources including bank loans and bonds to expand operations in its biggest market.

MTN plans to raise R13.8bn in debt in Nigeria this year

2018-05-10 07:25

MTN Group plans to borrow as much as 400bn naira in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s most populous country.

Vodacom buys R36.7bn Safaricom stake in Kenya

2017-05-15 06:57

Vodacom has agreed to buy a 34.94% shareholding in Safaricom, giving the wireless operator majority control of Kenya’s biggest company.

Ramaphosa: MTN must obey Nigerian laws

2015-11-05 06:59

MTN, which is facing a $5.2bn fine in Nigeria, must follow the rules in countries where it does business, says Deputy President Cyril Ramaphosa.

Vodacom suffers R2bn service revenue knock

2015-05-18 11:12

Mobile network Vodacom has suffered a hit in South Africa largely owing to major cuts in local mobile termination rates.

Customers criticise mobile networks’ service levels

2015-05-04 14:49

Service levels among local mobile networks are not up to scratch, say Fin24 users.

MTN criticised over international call rates

2015-04-08 14:45

Increased termination fees for inbound international calls on MTN South Africa’s network hurt local consumers, says a local internet body.

MTN to 'outsource retail stores'

2015-04-01 12:49

The mobile network is said to have agreed to outsourcing its South African retail operations to US-based Brightstar.


Cell C now valued at zero

2019-09-19 17:27

Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.

MTN Nigeria listing set for Thursday, valuing it over R70bn

2019-05-15 09:55

MTN Group said its long-awaited Nigerian listing will go ahead on Thursday with the price set at 90 naira, about R3.55 per share.

Analysts predict tough times ahead for mobile operators as Vodacom shares slump

2019-01-25 15:47

Vodacom's share price slumped by 7% on Thursday after a trading update showed the group's SA service revenue had declined 0.9% to R13.9bn in the quarter ended December 31.

Data wars: Icasa beefs up fight with regulations for data expiry - report

2017-08-07 20:30

Icasa plans on regulating data-expiry and roll-over, according to a draft published in the Government Gazette.

MTN learns its lesson the hard way

2016-06-15 06:33

Until the bad heads in government roll freely like those of the executives who brought MTN into disrepute, SA Inc will be in trouble, says Solly Moeng.

Heated debate over legality of data expiration

2015-08-28 11:34

How and when mobile networks expire consumers’ unused data is coming under the spotlight again in South Africa.

Vodacom's full-year earnings fall 6%

2015-05-18 09:22

The mobile phone operator has reported a 6% decline in full-year earnings as the slashing of call connection tariffs has hurt its earnings.

Cell C to build R8bn LTE network

2015-04-09 13:34

Mobile network Cell C is set to enter the LTE race in South Africa after announcing a plan to invest R8bn in a next generation broadband network.

Commission investigates Vodacom, Cell C over price hikes

2015-04-05 08:46

The National Consumer Commission has launched a probe into the mobile networks regarding their plans to increase voice and data prices, according to the Sunday Times.

Zim govt orders shutdown of mobile network

2015-03-12 09:03

The country’s second biggest mobile telecoms company faces closure for alleged non-compliance with local laws.

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