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Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.
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.
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.
Icasa plans on regulating data-expiry and roll-over, according to a draft published in the Government Gazette.
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.
How and when mobile networks expire consumers’ unused data is coming under the spotlight again in South Africa.
The mobile phone operator has reported a 6% decline in full-year earnings as the slashing of call connection tariffs has hurt its earnings.
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.
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.
The country’s second biggest mobile telecoms company faces closure for alleged non-compliance with local laws.
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 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 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 has agreed to buy a 34.94% shareholding in Safaricom, giving the wireless operator majority control of Kenya’s biggest company.
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.
Mobile network Vodacom has suffered a hit in South Africa largely owing to major cuts in local mobile termination rates.
Service levels among local mobile networks are not up to scratch, say Fin24 users.
Increased termination fees for inbound international calls on MTN South Africa’s network hurt local consumers, says a local internet body.
The mobile network is said to have agreed to outsourcing its South African retail operations to US-based Brightstar.
Although Vodacom has added new users, the drop in revenue shows it is struggling to cope with competition in its key SA market from main rival MTN, says an analyst.
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