MTN bets on AI data centres to drive next growth phase

MTN bets on AI data centres to drive next growth phase

MTN Group CEO Ralph Mupita MTN Group is preparing a major push into artificial intelligence infrastructure, signalling a strategic shift beyond its traditional telecommunications business. According to a Bloomberg News report on Tuesday, MTN is in talks with US and European firms to co-build data centres across the continent to supply AI computing power to…

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MTN vows to claw back market share lost to Telkom

MTN vows to claw back market share lost to Telkom

MTN Group CEO Ralph Mupita has admitted that the group’s South African operation has lost market share to rival Telkom, especially in the prepaid mobile market. According to Mupita, although competition from long-time rival Vodacom and on-the-mend Cell C remains intense, Telkom is grabbing market share in a “discernible” way from MTN South Africa. “Have…

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MTN cannot rule out future deal with Telkom, says CEO

MTN cannot rule out future deal with Telkom, says CEO

MTN Group president and CEO Ralph Mupita. South Africa’s second-largest mobile network operator (MNO) cannot rule out a future deal with another telecoms operator, including Telkom, says MTN Group president and CEO Ralph Mupita. However, Mupita says there are currently no active talks with Telkom, quashing recent media speculation. Shares in Telkom jumped on rumours…

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No talks between MTN and Telkom: Ralph Mupita

No talks between MTN and Telkom: Ralph Mupita

MTN Group CEO Ralph Mupita has denied a report that the pan-African telecommunications operator is in any form of discussion about a potential acquisition of Telkom Group. Speaking at a media event in Johannesburg on Friday, Mupita said that although discussions between the two operators and advisors have taken place in the past, there are…

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MTN may rekindle talks to buy Telkom

MTN may rekindle talks to buy Telkom

A Telkom communications tower in Pretoria MTN Group is considering renewing talks, previously abandoned, to acquire rival Telkom, Bloomberg News reported on Thursday, citing unnamed sources familiar with the situation. “The two companies could begin negotiations before the end of the year, though there’s no guarantee that these talks would lead to a deal,” the…

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MTN shares plunge as South African revenue falls

MTN shares plunge as South African revenue falls

Shares of MTN Group Ltd. experienced a steep decline in Johannesburg on Monday, falling by as much as 10%—the largest drop since March 2023. The plunge followed the announcement that the company’s South African revenue had fallen, leading to a management shake-up. Investors were also concerned about a U.S. Department of Justice probe into the…

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MVNOs could wreck SA’s mobile market, MTN boss warns

MVNOs could wreck SA’s mobile market, MTN boss warns

MTN Group CEO Ralph Mupita has warned that discounted pricing by mobile virtual network operators could have adverse consequences for the entire mobile telecommunications industry if MVNOs continue to offer data to their customers at prices lower than infrastructure owners like MTN. MVNOs have no physical network infrastructure of their own, instead relying on mobile…

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