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Many parts of the world not ready for super fast 5G network – MTN's CEO

By: Reuters     12th September 2018 Many parts of the world are not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in the next few years from now, MTN's chief executive of said on Tuesday. 5G networks, now in the final testing stage, will rely on denser arrays of small antennas... 

Ramaphosa wants smart, connected cities, says sci-tech minister

By: African News Agency      11th September 2018 Cities that are digitally connected and ready to benefit from and contribute to the Internet of Things (IoT) are a priority for President Cyril Ramaphosa and the South African government. This is according to Minister of Science and Technology Mmamoloko Kubayi-Ngubane, who made the remarks on... 

MTN CEO confident about Nigeria dispute as firm applies for injunction

By: Reuters     10th September 2018 Telecoms firm MTN Group said on Monday it was confident a multi-billion dollar dispute with the Nigerian government would be resolved even as it applied for a court injunction to protect its Nigerian assets. Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

MTN optimistic about its Iran business despite renewed US sanctions

By: Natasha Odendaal     24th August 2018 Telecommunications group MTN remains optimistic over prospects in Iran, despite the recently renewed US sanctions blocking further attempts at repatriating funds due to it from 49%-owned joint venture MTN Irancell. In May, the US withdrew from the Joint Comprehensive Plan of Action (JCPOA)... 

MTN posts lower H1 profits, reports improved operational performance

By: Natasha Odendaal     8th August 2018 Telecommunications giant MTN on Wednesday posted improved financial results on a constant currency basis for the first half of 2018, with growth achieved in service revenue and an increase in margins on earnings before interest, taxes, depreciation and amortisation (Ebitda). For the six months... 

Telecoms group responds to call to support youth employment

By: Natasha Odendaal     18th May 2018 South African telecommunications giant MTN Group is committing to the creation of 1 000 first job experiences for youth across its South African businesses and head office within the first year of the implementation of President Cyril Ramaphosa’s Youth Employment Service (YES). The business-led... 

Strong first-quarter results delivered

By: Natasha Odendaal     18th May 2018 As telecommunications giant MTN Group continues to pursue its local listing ambition in Nigeria, the West African operation has shown positive momentum in the first quarter of the year. The group last week published MTN Nigeria’s first quarter financial results ahead of the planned initial public... 

MTN’s subscriber base, revenue grow in Q1

By: Marleny Arnoldi     3rd May 2018 Mobile network operator MTN’s subscribers increased by 1.9% quarter-on-quarter with net additions of 4.1-million in the first quarter of this year, while active MTN mobile money users increased by 3.9% quarter-on-quarter to 22.7-million.  

MTN commits to creating 1 000 jobs in support of the YES initiative

By: Creamer Media Reporter      25th April 2018 Telecommunications company MTN Group has committed to the creation of 1 000 jobs within the first year of the Youth Employment Service (YES) initiative. President Cyril Ramaphosa last month launched the initiative – a business-led collaboration with government and labour which aims to empower... 

MTN expects IPO of Nigerian business this year

By: Reuters     10th April 2018 South Africa's MTN aims to list its Nigerian unit in an initial public offering this year, subject to market conditions, group chief executive Rob Shuter told Reuters on Tuesday. Shuter said plans were well advanced and the company would provide exact terms of the IPO in the next few months. 

MTN returns to FY profitability

By: Natasha Odendaal     8th March 2018 JSE-listed MTN on Thursday posted a turnaround in its earnings for the year ended December 31, with a full-year return to profitability after plunging into the red last year for the first time in its two-decade history. Reported headline earnings per share (HEPS) for the year under review climbed... 

MTN optimistic about Africa’s future growth

By: Natasha Odendaal     18th January 2018 Nine months after taking the reins as president and CEO of MTN, Rob Shuter remains confident of the future of the company and its opportunities across its 22 markets in the Middle East and Africa. Addressing delegates at Deloitte’s yearly Africa Outlook conference, Shuter said there were more... 

MTN impacted by exchange rates in Q3

By: Natasha Odendaal     24th October 2017 Mobile operator MTN’s financial performance in the quarter ended September 30 ,has been negatively impacted on by exchange rate movements. The JSE-listed firm on Tuesday posted a 13.4% decline in total revenue and 14% decrease in group service revenue for the three months. 

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

MTN sets out to prove it’s the best custodian of emerging market assets after H1 recovery

By: Natasha Odendaal     3rd August 2017 As telecommunications giant MTN starts to recover from a turbulent 2016, new CEO Rob Shuter is laying the growth foundation to leverage future opportunities through an enhanced six-pillar strategy. Shuter, who took the reins in mid-March, unveiled the development of a new growth plan – dubbed... 

MTN reports upward swing in Q1 revenue

By: Natasha Odendaal     3rd May 2017 Telecommunications giant MTN Group on Wednesday reported an improved first-quarter operational performance as it works to recover from significant losses in 2016. The JSE-listed group delivered increases in revenue across several operations during the three months to March 31, with significant... 

MTN starts repatriation of Irancell funds, denies improper repatriation of Nigeria funds

By: Natasha Odendaal     24th October 2016 As MTN Group starts the process of repatriating billions of rands from its 49%-owned MTN Irancell, the JSE-listed firm strongly denies the accusation that it is illegally shifting funds from embattled MTN Nigeria. After years of working to remit some of the R15.8-billion in accumulated dividends... 

MTN takes heavy H1 knock, hopes to get back on track  

By: Natasha Odendaal     5th August 2016 MTN hopes to be over the worst as it battles its way out of a “perfect storm” that has led to one of the most difficult half-year periods the multinational telecommunications group has faced in its 22-year history. The JSE-listed group is now looking inwards as much as is feasible to find ways of... 

MTN appoints new M&A VP, Goschen resigns as CFO

By: Anine Kilian     4th July 2016 Telecommunications giant MTN has appointed Stephen van Coller as VP of strategy and mergers and acquisitions (M&A), effective October 1. “As the head of strategy and M&A, we are confident that Stephen's experience will be instrumental in helping the group realise its ambitions and commitments,”... 

MTN announces new group CEO, several board posts

By: Natasha Odendaal     20th June 2016 Telecommunications giant MTN on Monday announced the appointment of Rob Shuter as group president and CEO following  a global search in the wake of the resolution of the “Nigerian dispute”. Shuter would assume the new role by no later than July 1, 2017, as he wrapped up his current obligations as... 

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