mtn south africa
MTN Group Appoints New COO for its Nigerian Arm
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MTN SA Invests $46.4-Million in New Infrastructure for KZN, South Africa
Africa’s largest telecom group MTN SA has announced a further investment of $46.4-million (R700-million) in order to modernise existing, and deploy new, network infrastructure across the KwaZulu-Natal province in South Africa. The $46.4-million investment, which is an addition to the $33.17-million (R500-million) invested in 2021, will go toward MTN’s “Modernisation of Network South Africa project” (MONZA) as well as expanded rural reach, 5G expansion and restoration of vandalised network infrastructure, the company said in a press release. “The KZN investment forms part of plans to modernise the entire MTN network, 68% of which has already been completed nationally, with an additional 1350 sites to be finalised, and around 200 top areas covered across SA, by the end of 2022”, says Matthew...
MTN Group Posts “Strong” 2021 Results – $583M in Profits
South African telecom MTN has released its financial results for the year ended December 2021 and reported “strong financial, operational and sustainability results” through what the group is calling a “tough macro year.” MTN boasts that these very positive results were delivered through “strong strategic execution and sustained commercial momentum across 19 markets.” “We adapted to the extraordinary circumstances brought about by the COVID-19pandemic and started shaping the MTN of the future through the execution ofAmbition 2025,” said MTN Group President and CEO Ralph Mupita. Increased Earnings In constant-currency terms, service revenue grew by 18.3% to $11.4-billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 23.7% to $582.6-Million and the EBIT...
MTN Pulls Free from Yemen Leaving Behind Millions of Subscribers
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group today announces the company’s exit from operations in Yemen in the Middle East. The company has been steadily pulling out from its operations in the Middle East, having left Syria in August due to “intolerable” operating conditions. MTN is also currently in talks to sell its business in Afghanistan. MTN leaving Yemen, the company says in a statement, is a transaction that furthers the delivery of its ‘Ambition 2025 strategy’ and is in line with its intention – first announced in August 2020 – to exit the Middle East completely. In August 2020, the MTN Group announced plans to focus on its pan-African strategy in place of other regions and exit the Middle East over the medium term, thereby simplifying its portfolio and reducing...
MTN SA Launches Huge Bevy of Black Friday Data Deals – Up to 60GB Free
Sourced from Business Tech MTN has lined up a series of value-for-money data deals for new and existing customers for Black Friday. From 19 November until 2 December 2021 South Africans can double their data with Black Friday specials on PayAsYouGo, Contract, MyMTN Home, MTN Business, MTN Pulse and MoMo deals. This summer, MTN is already offering data deals with “Go Big Go Bozza” to ensure customers can party, play, rest or revive with data for days. To further enhance this summer of data abundance, MTN is offering a huge host of Black Friday data deals. “The past 17 months have not been easy for South Africans but, with our amazing summer offerings and now our Black Friday deals, we aim to keep making summer a whole lot brighter. From doubling data to incredibly low data prices, we ...
A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details
Sourced from PC Mag After a lengthly competitive process, the MTN Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The transaction will entail the sale and leaseback of 5,709 of MTN SA’s towers – comprising approximately 4,000 greenfield and 1,700 rooftop sites. The transaction will also include the outsourcing of power and related services (power as a service, or PaaS) across the entire MTN SA site footprint of approximately 12,800 – thus incorporating an additional 7,100 third-party sites. MTN says that one of the key goals of the transaction has been to achieve an “OpCo-friendly” outcome, which, amongst others, aims to ensure: A limited financial impact on MTN SA’s current running cost versus leaseback costs, improv...
MTN’s Takeover Plans for Telkom Would Need the Government’s Support First
Sourced from Business Tech South Africa’s MTN Group, the largest telecom in Africa and 2nd largest in its home nation has reportedly made a pitch to buy SA’s third largest telecom, Telkom. According to an anonymous insider who spoke to Bloomberg, Telkom has shown no interest in being taken over by the MTN Group. It currently seems unclear if MTN will continue persuing the purchase of the semi-private telecom. “There is no deal on the table in relation to this matter,” MTN said in a statement after inquiries. Telkom itself has yet to comment on the reported offer. Telkom currently has a market valuation $1.94-billion, which pales in comparison to MTN’s valuation of $21-billion. A valuation that has steadily surged following a multi-year asset-disposal programme and a recent spike in the pri...
Telkom Adds MTN as Roaming Partner
Telkom has announced that its customers now have access to three networks following the group’s recent addition of telecom giant MTN as a roaming partner. Telkom operates a network of approximately 6,900 base stations & continues to expand this footprint. It entered into an agreement with Vodacom South Africa for 2G, 3G and 4G services in December 2018. In this latest agreement, effective 1 November 2021, MTN South Africa has been added for the provision of 2G, 3G & 4G services. According to Lunga Siyo, CEO of Telkom Consumer, this innovative approach to network deployment allows Telkom to give customers the best coverage the country has to offer whether on the Telkom network or through network partners. “The access to MTN South Africa’s 2G, 3G and 4G network adds coverage while re...
Is MTN Africa’s Best Employer? Forbes Thinks So
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MTN Launches Free Online School in South Africa – And Its Impressive
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MTN SA Launches New Uncapped LTE Data Deals
Sourced from Business Tech MTN is introducing new MyMTN Home Uncapped Fixed LTE to South Africans starting from R499 per month for speeds up to 10Mbps. “We are excited to introduce MyMTN Home Uncapped Fixed LTE gives customers high-speed uncapped streaming, endless connectivity, and coverage with always-on reliability and a seamless start with a free WiFi Router,” says Megan Nicholas, GM for Residential at MTN SA. According to a statement from the mobile operator, recent growth in demand for flexible data solutions and the increasing need of customers to remain connected has led to the introduction of MyMTN Home Uncapped Fixed LTE. Customers who purchase any of the 24-month MyMTN Home Uncapped deals from 1 October 2021 until 31 December 2021 will receive a Fixed LTE Wi-Fi router for free. ...
MultiChoice Taps MTN to Launch DStv Internet in South Africa
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