Image sourced from Town Press Cell C has released its interim results for the six months to June 2020. This inside look at the telco shows that it made a R7.5 billion net loss after tax. This loss, according to a report by My Broadband, was due to a number of ‘once-off costs’, and also reflects impairments to the value of R5 billion. Normalised earnings showed a 64% improvement to R1.8-billion, reflecting the overall impact of the new management team’s strategic focus on optimising its network as well as its emphasis on more profitable customers. However, overall revenue was at R6.9-billion compared to the six months of the previous year (2019: R7.4-billion). More than 89% of its revenue comes from service revenue which was 6% lower at R6.5-billion, while hybrid and Fibre-to-Home saw an in...
Sourced from Comms MEA Airtel Zambia and Ericsson have partnered to launch the ‘Product Take-Back’ programme – an initiative that aims to minimize the potential impact of eWaste on the environment. eWaste, not recycled properly, is said to be an under-acknowledged environmental hazard around the world. The Product Take-Back programme is part of Ericsson’s Sustainability efforts geared towards taking accountability for environmental impacts of all products and services during their lifecycle. The programme is expected to ensure that end-of-life material is treated and recycled in an environmentally responsible manner. Airtel’s CEO and MD, Apoorva Mehrotra says, “Airtel is committed to being socially responsible. We believe that the adoption of responsible eWaste disposal techniques will hel...
Image sourced from MyBroadband Rain has announced the appointment of Brandon Leigh as its newest CEO – effective from 1 March 2021. Leigh will be taking over from the telco’s current CEO, Willem Roos, who will move to a non-executive role from 1 March 2021. “Willem joined rain in January 2018 and played a key role in taking rain from a start-up business to an established player in the telecommunications industry in South Africa,” says Paul Harris, Rain chairman. “When Willem joined, we agreed to a three-year tenure, and so it is natural that Brandon, as an original founder, resumes the CEO role. Brandon has been the visionary behind rain and the ideal person to continue growing the business.” Harris adds, “We also have a six-month handover period ensuring a smooth transition.” According to...
Liquid Telecom has appointed Deon Geyser as its new CEO – effective 1 January 2021. Geyser holds a master’s degree in engineering management as well as bachelor’s degrees in Electronic Engineering and IT from the University of Johannesburg. Prior to joining LTSA, and in his 18-year career, he has held senior management positions at Siemens and Millicom International Cellular (Tigo). His most recent position being that of Head of Southern Africa and Vodafone Africa for Nokia since 2014. “We are delighted to welcome Deon to Liquid Telecom South Africa,” says Group COO, Ahmad Mokhles. “He is a proven leader and his strong knowledge of both the local market and the continent, extensive management experience in both the public and private sector and the track records in digital transformat...
MTN has appointed Rahul De – current CMO of MTN Nigeria – to CEO of its operations in Liberia – starting 1 November. replaces Uche Ofodile who departed Lonestar Cell MTN in July to become the CEO of MTN Benin. With 23 years of experience in the telco space, ranging across multiple geographies, De has spent the last two decades in senior leadership roles driving growth and leading business transformation. “I would like to congratulate Rahul on his appointment,” says Ralph Mupita, MTN Group president and CEO. “Rahul is a seasoned leader renowned for driving innovative digital and FinTech advancement in our business and in the telecommunications industry.” De joined MTN in 2011 as Chief Marketing Officer of MTN Ghana, a position he held for over four years before he joined MTN Nigeria in 2015...