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…
MTN Nigeria Communications CEO Karl Toriola MTN Nigeria’s half-year results can be read two ways, and the company would much prefer the first one. That version is a triumph: ervice revenue up 25.9% to ₦3-trillion (around R35-billion at the naira’s end-June rate); earnings before interest, tax, depreciation and amortisation up 39.2%, with the margin widening…
Nikos Angelopoulos, Nedbank Group CIO. Nedbank has appointed Nikos Angelopoulos as its new group chief information officer (CIO), effective 1 September. Angelopoulos joins the bank from MTN Group, where he has served as group CIO since 2018. In that role, he was responsible for IT strategy, investments, delivery and governance across MTN’s 16 markets, supporting…
MTN and Vodacom have launched separate legal challenges against communications regulator Icasa over new consumer protection rules – including mandatory rollover of unused data bundles – that are due to come into force in January 2027. News24 first reported that MTN served court papers on 22 July asking for the End-User and Subscriber Service Charter…
MTN South Africa CEO Ferdi Moolman MTN South Africa is targeting between R4-billion and R6-billion in savings by 2029 under a sweeping “structural reset” that its new CEO, Ferdi Moolman, insists is a restructuring of the business rather than a simple cost-cutting exercise. Presenting at MTN Group’s capital markets day on Wednesday, Moolman positioned the…
MTN Group CEO Ralph Mupita MTN Group on Wednesday unpacked its Ambition 2030 strategy under the banner “one MTN, three platforms” – with targets to triple its fibre network, grow fintech 13x and double data usage. Ambition 2030, MTN’s new five-year strategy, is built around three platforms – connectivity, fintech and digital infrastructure – with…
