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…
MTN Group CEO Ralph Mupita MTN Group has signalled a big change in strategy as it shifts focus to the connected home to drive revenue and profit growth between now and 2030. This will form one of several key focus areas CEO Ralph Mupita said the group has identified as it moves beyond its Ambition…
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…
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…
MTN Zakhele Futhi’s only asset is MTN shares. As MTN’s empowerment fund starts to wind down, the picture for shareholders looks bleak given that its shares have fallen sharply and dividends have been sparse. MTN Zakhele Futhi (MTNZF) was launched in 2016 to replace MTN’s original Zakhele Scheme, which ran from 2010 and was unwound…
MTN Group chairman Mcebisi Jonas MTN Group chairman and President Ramaphosa’s envoy to the US, Mcebisi Jonas, has told the Sunday Times that there is a deliberate campaign of “dirty tricks” by local actors to discredit South Africa and make it a pariah state. Jonas was speaking to the newspaper after news emerged last week…
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…
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…
News that MTN Group is facing an investigation by a US department of justice grand jury sent its shares tumbling 9% on Monday, overshadowing results showing it made a half-year profit following a loss a year earlier. The probe is into its conduct and that of its former subsidiary in Afghanistan and an Iranian cellphone…
MTN Group CEO Ralph Mupita Africa’s biggest telecommunications operator, MTN Group, swung to a half-year profit, it said on Monday, as macroeconomic conditions, inflation and foreign exchange rates in key markets showed improved stability. South Africa-headquartered MTN reported headline earnings per share of R6.45 in the six months to 30 June, compared to a headline…
