(Reuters) &#8211; South Africa’s MTN Group (<a href="https://www.reuters.com/companies/MTNJ.J">MTNJ.J</a>) expects first-half sales to double, beating analyst estimates, the company said on Friday, sending its shares up more than 7%.



The telecoms sector has experienced a spike in network data traffic as millions of South Africans were forced to work and entertain themselves from home after the government imposed a lockdown from the end of March to curb the spread of the new coronavirus.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="275" height="183" src="https://www.cnbcafrica.com/wp-content/uploads/2020/07/mtn.jpg" alt="" class="wp-image-376942"/></figure>



However, the country’s largest mobile operator by subscribers also benefited from foreign-exchange gains, it said without elaborating.



The group estimates headline earnings per share (HEPS), which strips out certain one-off items and is the main profit measure in South Africa, to be up at least 195 cents at more than 390 cents for the six months to June 30, against analyst expectation for HEPS of 271 cents.



Shares in the company jumped 7.7% to 64.49 rand by 0801 GMT, on course for their highest daily gain in three weeks.



“The market was very worried about the slightly high levels of debt at MTN and potentially the impact of the coronavirus, but it looks like they are tracking well ahead of the numbers that we were expecting,” said Nadim Mohamed, a partner at First Avenue Investment Management.



Taking into account a price-to-earnings ratio of less than 8 times, with a strong dividend, the stock is potentially undervalued, he added.



The company, which reports results on Aug. 6, also said it expects an increase of at least 140% in first-half earnings per share, which include gains on the disposal of the ATC Uganda and ATC Ghana tower joint ventures.



Rival Vodacom Group (<a href="https://www.reuters.com/companies/VODJ.J">VODJ.J</a>) on Thursday reported a 7.6% rise in first-quarter group service revenue, buoyed by strong demand for voice, data and financial services in South Africa during the lockdown.

South Africa’s MTN buoyed by expected leap in first-half earnings

JOHANNESBURG, Jan 15 (Reuters) &#8211; South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.



Like other African telecoms firms, Telkom, in which the government holds a stake of about 40%, is trying to keep pace with a surge in demand for the internet and data with growing smart phone usage.



It is also grappling with organisational and operational inefficiencies linked to fixed voice and data services, which require more staff to install, maintain and market, it said in a letter to unions seen by Reuters.



The telecom provider said it will consider voluntary severance and early retirement packages for employees affected by phase one of the job cut, which will affect employees at Openserve and the Consumer divisions from January to April.



The affected jobs include support employees, specialist, operational employees and supervisory and management levels in its wholesale division Openserve, the consumer unit as well as in its corporate centre.



The announcement comes two days after retailer Massmart Holdings, majority owned by U.S. retail giant Walmart , said it could cut up to 1,440 jobs under a plan to close some stores as it struggles to grow sales in a tough economy.



Telkom, which runs South Africa’s biggest fixed-line telecom network, is migrating customers to mobile voice and data as well as fibre, where it is one of the small players in a market dominated by Vodacom and MTN Group.



&#8220;The deterioration in the economic climate, increased operational, regulatory and competitive constraints, coupled with continuing rapid migration from fixed voice and data business have all had a major ongoing negative operational and financial impact on Telkom,&#8221; it said.



&#8220;For Telkom to survive the current and anticipated tough trading conditions, it is imperative to seek and implement measures which will drastically reduce costs, eliminate inefficiencies and improve operational and financial performance in the interest of securing its continued commercial viability and employment for the majority of the employees.&#8221;



Telkom said it wants a leaner structure in its Openserve and group IT division and a focused skills set in line with the new business demands of a mobile focused business. While in consumer, the unit needs to be more market driven and customer focused.



(Reporting by Nqobile Dludla; Editing by Susan Fenton and Elaine Hardcastle)

South Africa’s telecoms company Telkom could cut 3,000 jobs -letter to unions

JOHANNESBURG (Reuters) &#8211; MTN’s mobile money service will go live in January in South Africa, allowing customers to send, receive, save money and pay for goods using their mobile phones, the mobile operator said on Wednesday.



Last year group Chief Executive Officer Rob Shuter told a telecoms conference in Cape Town that the company would relaunch mobile money services in South Africa, three years after canning the service.



Shuter, who has experience in banking, is in the middle of a strategic revamp of Africa’s biggest telecoms group to hunt for returns in everything from financial services, music and video games.



“The introduction of this mobile money service is a pivotal step in MTN’s strategy and represents MTN’s participation in the next phase of increasing convergence we are seeing between financial services and mobile technology,” MTN South Africa CEO Godfrey Motsa said in a statement.



The service, called MoMo, will run on the Ericsson Converged Wallet. During the initial phase it will be available to MTN customers and offer basic services such as sending money to any mobile phone number in the country, buying prepaid services like electricity and paying for purchases at selected till points, the firm said.



MTN will kick off the service in a country where about 11 million South Africans remain unbanked, while 50% of the adult population remains thinly served, according to MTN South Africa Chief Officer of Mobile Financial Services, Felix Kamenga.



“MoMo aims to bridge this gap with this innovative mobile money offering, providing a payments solution that encourages financial inclusion,” he added.



The announcement comes months after a subsidiary of MTN Nigeria was granted a “full super agent” licence by the Central Bank of Nigeria that would allow it to provide financial services.



Reporting by Nqobile Dludla; Editing by Mark Heinrich

MTN South Africa’s mobile money service expected to go live in Jan 2020

Africa’s largest mobile operator by subscribers said in a quarterly update on Thursday that certain conditions related to the transaction had not been met, which led to the company’s decision.



Chief Financial Officer Ralph Mupita said on a call with reporters that the bid for MTN’s stake in the business had been unsolicited, and it was for now no longer being held for sale.



“In the longer term, if somebody came with a very attractive offer for the business, we’ll apply our minds then,” he said.



A 15 billion rand ($1.00 billion) divestment plan is making “steady process”, Mupita said, adding that the company was in advanced discussions around the disposal of a 49% holdings in ATC Ghana and ATC Uganda, which it values at 7 billion rand and 8 billion rand, respectively.



MTN is reviewing a raft of investments under a three-year plan that includes shedding loss-making e-commerce assets and exiting countries where it has no prospect of reaching the top-two spots in terms of market share.



It is aimed at slimming the company down and honing its focus on high-growth markets on the continent and in the Middle East after clashes with regulators in Nigeria, Uganda and elsewhere crimped growth.



It said on Thursday its service revenue for the nine-months to Sept. 30 rose by 9.6% year-on-year, buoyed by strong performances from its Nigeria and Ghana operations.



However, in its home market South Africa, where a sluggish economy, high unemployment and rising living costs have hurt consumer finances, service revenue over the period was flat.



($1 = 14.9979 rand)



Reporting by Emma Rumney; Editing by Muralikumar Anantharaman and Rashmi Aich

MTN has cancelled $300 million stake sale in Mascom Wireless Botswana, here’s why

KAMPALA (Reuters) &#8211; Uganda has ordered telecoms operators in the country to list on the local bourse, part of a move to encourage local ownership of the sector, the regulator said on Wednesday.



The country’s operators, which are nearly all foreign-owned, have been given two years to list at least 20% of their shares. Firms include a local unit of South Africa’s telecoms giant MTN Group and a subsidiary of India’s Bharti Airtel.



President Yoweri Museveni has said the move could conserve the country’s scarce foreign exchange as a portion of the firms’ dividend payouts would remain in the country.



Ibrahim Bbosa, spokesman for the regulator Uganda Communications Commission (UCC), said they are now using a new licensing policy and existing operators would be issued with fresh licences with new conditions.



“In 60 days we want to have issued new licenses and then two years from then all the players should have listed at least 20% of their shares on the Uganda Stock Exchange (USE),” he said.



Under the new conditions, companies will have to share infrastructure such as fibre optic cables, which the regulator says will eliminate duplication and lower the cost of the internet and other services.



Uganda’s information and telecommunications sector has expanded rapidly over the last decade, fuelled by favourable policies and a young population hungry for online services.



The sector’s potential has drawn interest from American giants Google and Facebook who have both laid cables in the country.



Statistics from UCC show the country of 43 million now boasts an estimated 24 million mobile subscribers and 21.6 million internet users.



Bbosa said some telecoms firms were worried the local bourse might not be able to absorb a large volume of shares so rapidly.



“We told them they should discuss that with the exchange and see whether there’s a solution for that,” he said.



MTN Uganda has previously indicated it would prefer to sell a stake directly to a local pensions fund to meet local ownership demands rather than having to list shares.



USE is a small bourse of 18 companies and had its most recent listing in September last year after going six years without a single IPO.



“Considering especially MTN and Airtel are highly profitable companies &#8230; they would draw more than sufficient interest from both retail and institutional investors in an IPO,” said Enock Twinoburyo, a Ugandan economist based in Kigali, Rwanda.



Reporting by Elias Biryabarema; Editing by Omar Mohammed and Alexandra Hudson

Why Uganda says telecoms operators must list on local bourse

LONDON (Reuters) &#8211; African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a source familiar with the matter told Reuters, implying a total valuation of $1.42 billion to $1.79 billion. 



The company, which operates phone masts in the Democratic Republic of Congo, Republic of Congo, Ghana, South Africa and Tanzania, last year shelved plans for its IPO amid concerns about political risks in DRC and Tanzania.



Helios is planning a free float of at least 25% of the company, with a listing on the London Stock Exchange, and will use the proceeds for expanding its services, including possibly into new countries, it has said.



“It’s a really good business in a strong sector, telecoms in Africa is the sort of growth story that appeals in this low-growth environment (globally),” said a source familiar with the transaction.



The decision to press ahead with the deal comes despite turbulent market conditions in Britain amid the long-running chaos surrounding the negotiations to exit the European Union, and the poor recent performance of other African IPOs in London.



Airtel Africa saw its shares drop 15% to 67 pence per share on its market debut after completing a 595 million pound ($730 million) IPO in late June. Since then shares have fallen further, and were as low as 50 pence on Tuesday.



Vivo Energy shares are down 1% since its May 2018 debut.



Bank of America, Jefferies and Standard Bank are joint global coordinators on the Helios deal while Renaissance Capital and EFG Hermes are joint bookrunners.



Books for the deal close on Oct. 14, with the first day of trading expected the following day.



($1 = 0.8148 pounds)



Reporting by Lawrence White, additional reporting by Abhinav Ramnarayan, editing by Louise Heavens

African mobile networks operator Helios Towers launches up to $1.8 billion London IPO

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Nigeria&#8217;s equities market extended gains from Thursday as a mix of Telecoms, banks and oil stocks lifted the local bourse. To review the trading week, Robert Omotunde Head of Investment Research at Afrinvest Securities joins CNBC Africa for more.

Equities extend gains: A look at Nigerian markets

ABUJA (Reuters) &#8211; Shares of MTN Nigeria hit a three-month high on Friday after the telecoms company’s offices partially reopened following a shutdown due to anti-South African attacks in the West African country.



The local units of South Africa’s MTN Group and supermarket chain Shoprite, closed all stores and service centres in Nigeria after their premises were attacked following days of riots in their home country chiefly targeting foreign-owned, including Nigerian, businesses.



The violence in South Africa has strained relations between Africa’s two biggest economies, with Nigeria saying on Thursday it would recall its top diplomat to Pretoria.



MTN Nigeria said its stores remained closed on Friday but skeletal office operations were resuming, its spokesman said, adding that staff were asked to stay at home for safety reasons.



Shoprite stores remained shut except for one in an upmarket area of the capital Abuja, a manager there said.



Shares in MTN, Nigeria’s second-biggest listed firm, rose 5.03% to 139.80 naira each, a level last seen in June. Johannesburg-listed Shoprite shares were up 1.8%.



Prior to the shutdown, the telecoms firm last week launched a mobile money transfer service, targeting Nigerians without bank accounts, and said it planned to become a payment services bank once it obtains approval from the central bank.



Reporting by Chijioke Ohuocha; editing by Jason Neely and Emelia Sithole-Matarise

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

JOHANNESBURG (Reuters) &#8211; South African mobile phone operator Vodacom Group will spend more than 9 billion rand ($589 million) this year on network enhancements particularly in rural areas in its home market, its Chief Technology Officer said on Thursday.



Vodacom, majority-owned by Britain’s Vodafone, invested 9.6 billion rand in 2018, Andries Delport said during a media briefing.



The investment will be spent on the firm’s rural coverage acceleration programme, replacing and modernising base stations and digital services.



Vodacom has grown its South African rural network coverage significantly over the past six years, covering over 16 million people with 4G/LTE services.



Its 3G network is now available to more than 97% of the South African population living in rural areas and 4G is available to 75%, Delport said.



“Despite the lack of available spectrum, Vodacom has made substantial progress in improving network coverage in both rural and deep rural areas of South Africa,” he said.



“With rural land making up 98.6% of the total land area in South Africa, Vodacom has prioritised connectivity in these regions, facilitating access to the digital resources which many of us take for granted in cities.”



Vodacom has been battling with vandalism and theft at its base stations, where as many as 500 towers out of the 14,000 have either been vandalised or had batteries stolen every month.



“This year alone the investment is about 250 million rand to 300 million that we’ll invest just in batteries,” said Delport.



($1 = 15.2734 rand)



Reporting by Nqobile Dludla; Editing by David Holmes

South Africa’s Vodacom to invest more than $589 million on network enhancements, what you need to know

NAIROBI (Reuters) &#8211; Kenya has ordered telecoms firm Safaricom to stop processing payments for sports betting companies, potentially shutting down a lucrative source of revenue for the company.



Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings ($2 billion) last year.



However, that has sparked concern in the government about the social impact of betting. In May, the country introduced new gambling regulations, including banning advertising outdoors and on social media.



The gaming companies rely on Safaricom’s market leading network to take bets, communicate with users and process payments on the company’s popular M-Pesa mobile cash platform.



Each betting firm is assigned a unique number, known as a pay-bill, which is used to process payments from users who place bets on their mobile phones and to pay off those who win.



Customers using basic feature phones rely on short codes assigned to each betting company.



Liti Wambua, the acting director of the regulator Betting Control and Licensing Board (BCLB), told Safaricom in a letter seen by Reuters on Thursday that licences for all 27 betting firms had not been renewed, pending the outcome of an ongoing inquiry about their suitability to operate in the country.



“Consequently, we request you to suspend their pay-bills and short codes until otherwise advised,” Wambua said in the letter.



In a response, through its lawyers, Safaricom said it required time to carry out the order since abrupt implementation would result in shutting millions of users out of funds already deposited in the gaming wallets of the various betting firms.



“The directive by the board will impact over 12 million customers,” Safaricom said.



It added that two of the gaming companies had also obtained court orders allowing them to continue their operations without a renewed licence, further complicating the situation.



Safaricom executives have told Reuters in the past that the betting industry, through text messages and M-Pesa, has become a significant part of its revenue in recent years.



The betting firms defend their activities.



“SportPesa is a law-abiding corporate citizen that upholds all tax and regulatory requirements,” said SportPesa, one of the biggest online betting and gaming companies.



($1 = 102.8500 Kenyan shillings)



Reporting by Duncan Miriri and Humphrey Malalo; Writing by Duncan Miriri; Editing by Mark Potter

Kenya has ordered Safaricom to shut down betting payments, here’s why

LONDON (Reuters) &#8211; Orange, France’s number one telecoms operator, sees the planned liberalisation of Ethiopia’s telecoms market taking shape in 2020, Chief Financial Officer Ramon Fernandez said on Friday. 



Ethiopia is one of the last countries whose telecoms industry remains in the hands of the government. Orange is one of the leading contenders seeking to benefit from the end of state-controlled Ethio Telecom’s monopoly, pushed by Prime Minister Abiy Ahmed.



Sources told Reuters earlier this month that the government aimed to award telecom licenses by the end of 2019, with the new operators expected to launch services next year. However some industry executives have expressed scepticism over the timetable. [nL8N23J39U]



“The most likely scenario as of today seems to be the opening of the incumbent’s capital to a minority shareholder who could play a significant role within the company,” Fernandez told Reuters in an interview in London.



“And, in parallel, the opening of the market through the sale of at least one license to an operator,” Fernandez added.



The Orange executive also said a split of Ethio Telecom between an infrastructure provider and telecom services provider was unlikely, contradicting earlier reports. [nL8N23O56V]



“I’m not certain this is the main scenario as of today. It’s up to the Ethiopian authorities to decide, but we’re convinced that a split between telecoms operators and infrastructure operators is not the best option,” Fernandez said.



Africa and the Middle East is Orange’s fastest-growing region for the telecoms group, which controls 17 operators on the continent.



The group, which competes with other major players such as Vodafone-controlled Vodacom, Airtel Africa and South Africa’s MTN in the region, generated 5.2 billion euros ($5.9 billion) in the area last year, up 5% from a year earlier.



“This a pace we can keep on the long run, with a profitability performance at the same level, or even above,” Fernandez said.



The group is betting that its financial services provider Orange Money, which offers money transfers and payment services, will help it in the race to get into Ethiopia’s market, he added.



($1 = 0.8835 euros)



Reporting by Mathieu Rosemain; Additional reporting by Joe Bavier; Editing by Sudip Kar-Gupta and David Holmes

Here’s why Orange sees Ethiopia’s telco liberalisation taking shape in 2020

NAIROBI (Reuters) &#8211; Ethiopia will split its state telecoms provider into two businesses before it is privatised, state-affiliated media reported on Monday, a key part of government’s plan to open up one of the world’s last major closed telecoms markets.



The government will split Ethio Telecom into two business units along infrastructure and service sector lines, state-affiliated Fana Broadcasting quoted Minister of Finance Ahmed Shide as saying.



State Minister of Finance Eyob Tekalign Tolina confirmed the report.



Ethiopia could require as much as $2.2 billion to modernise its creaking, overburdened telecoms sector, Eyob told Reuters last week.



Privatisation is one of the key reforms promised by Prime Minister Abiy Ahmed. He wants to encourage competition and foreign investment after decades of state-driven economic growth.



Ethiopia passed a bill on Thursday outlining the scope of a regulator for the telecoms sector, a key milestone towards attracting outside investment in the nation of 100 million people.



Additional reporting by George Obulutsa; writing by Katharine Houreld, editing by Deepa Babington

Ethiopia plans to split state telecoms provider into two before privatisation, here’s why

ABUJA (Reuters) &#8211; MTN Nigeria announced plans to float its stock in Lagos on Thursday in a deal valued at $6 billion, following the South African telecoms group’s agreement with Nigerian regulators to settle a long-running dispute.



Nigeria, MTN’s biggest market with 52.3 million users in 2017, accounts for a third of the Johannesburg-based company’s annual core profit, but it has faced problems in the country in recent years.



In December, MTN agreed to make a $53 million payment to resolve a dispute in Nigeria. The move ended a multi-billion dollar dividend repatriation row, hitting its share prices in Johannesburg.



MTN on Wednesday said the listing price was set 90 naira, determined from private over-the-counter share deal by existing shareholders over the past six months. It has said it would list 20.4 billion shares on the Nigerian bourse. The price values the telecoms company at 1.84 trillion naira ($6 billion).



MTN, owned 78.8% by South Africa’s MTN Group, has been one of the main beneficiaries of Nigeria’s push to liberalise its economy over the past two decades. But it has come under increased pressure from the government to boost local ownership.



MTN Group CFO, Ralph Mupita said the listing was an important step towards increasing local ownership in MTN Nigeria and building the country’s equity capital markets. Nigerian investors own 19.4% of MTN Nigeria.



The company also said it was relying on local funding in naira to mitigate exchange rate volatility, adding it was arranging local naira financing.



MTN Group said the company has received approval from the Nigerian Stock Exchange to list its shares on Thursday, giving its existing shareholders access to trade their shares on the bourse.



The company also said the Nigerian unit will raise debt, adding that the total level rose 44% to 252 billion naira ($823.66 million) in the first quarter.



“This is just the beginning, we still intend to pursue a future public offer giving more Nigerians greater access to the MTN opportunity,” Ferdi Moolman, chief executive of MTN Nigeria, said.



MTN decided to list its local company in Nigeria in 2016 after agreeing to pay a $1.7 billion fine to settle a SIM card dispute with the government. Earlier, the company said it planned to list in the first half of 2019.



The company said capital expenditure in the first quarter, rose to 63 billion naira, the bulk of which went to upgrade its network, up from 18 billion naira same period last year.



Service revenue grew 13.4% to 282 billion naira in the first quarter, driven by a rise in voice and data income and the addition of 2.1 million mobile subscribers.



Earnings before interest, taxes, depreciation and amortization (EBITDA), a measure of operating profit, reached 150.4 billion naira ($492 mln) in the three months to March 2019, up from 123 billion naira a year earlier, MTN said.



MTN said it targets a dividend payout ratio of at least 80% of its net income in the medium term.



($1 = 305.95 naira)



Reporting by Chijioke Ohuocha; Editing by James Emmanuel and Louise Heavens

What you need to know about MTN Nigeria’s plans to list shares in Lagos in $6 bln flotation

JOHANNESBURG (Reuters) &#8211; South Africa’s mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors.



Headline earnings per share (EPS) for the full-year ended March fell to 862 cents from 923 cents a year earlier.



Headline EPS is the main profit measure in South Africa and strips out certain one-off items.



Vodacom, which is majority owned by Vodafone, concluded a broad-based black economic empowerment (BEE) ownership deal in September, which saw Vodacom issue additional shares.



Under black economic empowerment rules, South African companies are encouraged to meet quotas on black ownership, employment and procurement as part of a drive to reverse decades of exclusion under apartheid.



It also updated its medium-term capital expenditure target to reflect the IFRS 15 accounting standard and also changed its profitability target to operating profit from earnings before interest and taxes to include the benefits of the Kenyan Safaricom acquisition.



Medium-term group capex is now expected to be in the range of 13%-14.5% from 12%-14%, while the operating profit target is expected to be in the mid-high single digit growth rate.



Vodacom, which competes with MTN group and Telkom, said group service revenue jumped 5 percent, led by a strong performance overseas.



“It was a stellar year for our International portfolio where economic and political environments have improved,” group Chief Executive Officer Shameel Joosub said in a statement.



Vodacom grew service revenue there by 15.6 percent and expanded margins, while in South Africa service revenue inched up by 2.1 percent due to price cuts and a stagnant economy.



South Africa has been considering regulating the price of internet data as well as out-of-bundle charges as part of efforts to bring costs down.



Reporting by Nqobile Dludla; Editing by Himani Sarkar and Louise Heavens

South Africa’s Vodacom reported a 6.6% drop in earnings, here’s why

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The Federal High Court in Abuja says the sale of EMTS, the managers of 9mobile to Teleology Nigeria should not have proceeded. Lami Adekola, Co-founder and Director of Hamilton and George join CNBC Africa to explain the legal issues around the sale of the telecoms company.

The legal issues around the sale of 9mobile

LAGOS (Reuters) &#8211; South Africa’s MTN Group has resolved a dispute with Nigeria’s central bank and made a $53 million payment, the telecoms company said in a message posted on Twitter on Monday.



Nigeria’s central bank had said $8.1 billion in dividends paid by MTN Nigeria to its parent company between 2007 and 2015 and sent back to South Africa were illegal and should be returned.



While the west African country’s regulator had accused MTN of illegally transferring the funds out of the country, MTN denied any wrongdoing.



“MTN resolves Nigeria dividend issue, makes $53m payment, engaging with banks regarding the agreement,” it said on Twitter.



Nigeria is MTN’s biggest market, accounting for a third of its annual core profit, but has proved problematic in recent years.



Around two years ago MTN agreed to pay more than $1 billion to settle a dispute over SIM cards in Nigeria.



In a separate case, MTN faces a $2 billion tax demand from Nigeria’s attorney general.



Reporting by Alexis Akwagyiram; editing by Jason Neely

MTN and Nigeria resolve dispute, here’s what you need to know

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The recently launched Common Platform shared by Ghana&#8217;s National Communications Agency and Ghana Revenue Authority carries out real-time collection and processing of data from the telecoms and mobile money industry. Ato Afful, CEO of Kelni GVG designers of the Common Platform joins CNBC Africa to discuss this innovation.

telecoms

South Africa’s MTN buoyed by expected leap in first-half earnings

South Africa’s telecoms company Telkom could cut 3,000 jobs -letter to unions

MTN South Africa’s mobile money service expected to go live in Jan 2020

MTN has cancelled $300 million stake sale in Mascom Wireless Botswana, here’s why

Why Uganda says telecoms operators must list on local bourse

African mobile networks operator Helios Towers launches up to $1.8 billion London IPO

Equities extend gains: A look at Nigerian markets

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

South Africa’s Vodacom to invest more than $589 million on network enhancements, what you need to know

Kenya has ordered Safaricom to shut down betting payments, here’s why

Here’s why Orange sees Ethiopia’s telco liberalisation taking shape in 2020

Ethiopia plans to split state telecoms provider into two before privatisation, here’s why

What you need to know about MTN Nigeria’s plans to list shares in Lagos in $6 bln flotation

South Africa’s Vodacom reported a 6.6% drop in earnings, here’s why

The legal issues around the sale of 9mobile

MTN and Nigeria resolve dispute, here’s what you need to know

Ghana’s common platform to check tax compliance in telecoms space

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Advertise With Us

telecoms

South Africa’s MTN buoyed by expected leap in first-half earnings

South Africa’s telecoms company Telkom could cut 3,000 jobs -letter to unions

MTN South Africa’s mobile money service expected to go live in Jan 2020

MTN has cancelled $300 million stake sale in Mascom Wireless Botswana, here’s why

Why Uganda says telecoms operators must list on local bourse

African mobile networks operator Helios Towers launches up to $1.8 billion London IPO

Equities extend gains: A look at Nigerian markets

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

South Africa’s Vodacom to invest more than $589 million on network enhancements, what you need to know

Kenya has ordered Safaricom to shut down betting payments, here’s why

Here’s why Orange sees Ethiopia’s telco liberalisation taking shape in 2020

Ethiopia plans to split state telecoms provider into two before privatisation, here’s why

What you need to know about MTN Nigeria’s plans to list shares in Lagos in $6 bln flotation

South Africa’s Vodacom reported a 6.6% drop in earnings, here’s why

The legal issues around the sale of 9mobile

MTN and Nigeria resolve dispute, here’s what you need to know

Ghana’s common platform to check tax compliance in telecoms space

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