Africa risks losing its strategic advantage in the global economy by allowing individual countries to negotiate separate deals for critical minerals instead of bargaining collectively as a bloc, MTN Group Chairman, Mcebisi Jonas, has warned. Jonas gave the warning while addressing Fellows of the fifth cohort of the MTN Media Innovation Programme (MTN MIP), who…
Blu Label co-CEO Brett Levy MTN’s stated intention to deal directly with South Africa’s banks on airtime sales comes down, for Blu Label Unlimited Group, to one account: Capitec. MTN South Africa CEO Ferdi Moolman said at a media briefing on Tuesday – the same one at which he disclosed that the industry pushes up…
MTN Group is targeting 150MW of capacity in a first phase spanning South Africa and Nigeria, group CEO Ralph Mupita told a media roundtable on Tuesday. The group will hold only a minority stake in the UAE-backed data-centre venture behind it, he said. The comments put hard numbers to a deal MTN described only in…
MTN Group CEO Ralph Mupita MTN Group cut capital spending on its South African network by 17.1% in the six months to June, to R2.64-billion excluding leases, in a half that saw its prepaid base shrink by about 1.5 million customers and its total subscriber base fall 0.7% year on year to 39.5 million. The…
MTN and Vodacom are structurally constrained from competing hard for mobile virtual network operator hosting business, Cell C CEO Jorge Mendes has argued, because at their market shares an aggressive wholesale push would cost them retail customers to their own wholesale clients. “If I had an 80% market share, I would not be going into…
Nine years after shutting down its VU streaming video platform, MTN has officially launched MTN One TV, a video streaming service designed to broaden digital entertainment access across Africa. Introduced as part of the telecom operator’s Ambition 2030 strategy, the platform is undergoing a phased rollout across MTN’s regional markets, delivering a consolidated hub for…
MTN Group expects underlying earnings to rise as much as 23% in the first half of 2026, even as a writedown on its Iranian business and currency losses cut reported profit. Africa’s largest mobile operator forecast adjusted headline earnings per share of 775 cents to 808 cents, up 18% to 23% from 657 cents a…
MTN Group will book a material impairment against its 49% stake in Irancell in its results for the six months to June, the company said in a trading statement ahead of interim numbers due on 24 August. The writedown pushes statutory earnings sharply lower even as the group’s underlying operating performance improved. Impairment losses of…
MTN has approximately 24.7% shareholding in IHS. MTN Group has moved a step closer to taking full ownership of telecommunications tower operator IHS Towers, after shareholders of the infrastructure company approved the proposed acquisition at an extraordinary general meeting (EGM). The JSE-listed telecommunications group today announced that IHS shareholders voted in favour of the transaction…
MTN Ghana said the proceedings do not affect its operations, services or Mobile Money business. MTN Group and fintech firm Clydestone Ghana are locked in a legal dispute over the alleged unauthorised use of intellectual property linked to the West African country’s mobile money sector. Clydestone this week filed a writ of summons and statement…
