MTN Group Plc has filed an application for public listing with the Securities and Exchange Commission and the Nigerian Stock Exchange. The company applied for registration of shares and a listing on the NSE. SEC confirmed in a statement on Monday that the commission had received an application from the telecom giant. The statement read in…
WhatsApp is extremely popular in messaging app used in Africa and it is not surprise that we shall see several 3rd party services crop out around it. MTN has launched a WhatsApp channel to let its customers buy airtime and data bundles through the messaging app which becomes a world first for the telco industry…
MTN Group CEO Rob Shuter says that the group’s South African operation has ‘turned a corner’ with a strong set of results. On Thursday (7 March), MTN reported a 10.7% jump in service revenue for the year ended December 2018, with revenue up 6% to R134.56 billion. Operating profit climbed to R23.6 billion, from R20.6…
Liquid Telecom South Africa has secured its first customer, MTN, to offer 4G roaming to millions of South Africans. Liquid says the deal includes LTE services to fuel the growing demand for high-speed mobile broadband. The wholesale roaming service will be made available across Liquid Telecom’s network nationwide. “With MTN as a customer, we have an opportunity…
Kenneth Makate has sued his former funders, Raining Men Trade, for fraud and is fighting the company’s claim to a share of his settlement with Vodacom. Raining Men Trade was reportedly placed into business rescue this year after not receiving payment from Makate. The company helped bankroll Makate’s court case against Vodacom which sought compensation…
The labour court has issued an order, with the consent of ex-Vodacom employees, to enforce their restraints of trade after reports emerged in November that they were working with rival MTN South Africa. Vodacom said in a statement on Friday that it was “forced” to bring an application requesting the labour court to find that by being employees…
Christmas has come early for MTN Group. The telecommunications operator’s shares are likely to soar when markets reopen on Thursday in Johannesburg after it announced late on Monday that it has settled a multibillion-dollar dispute in Nigeria. It will pay just US$53.2-million (about R777-million) in a settlement with Nigeria’s central bank, a tiny fraction of the…
