mtn africa
MTN Invests $56.4-Million in Rural Limpopo & Mpumalanga, South Africa
MTN SA has announced a ramping up of investments to modernise existing and deploy new network infrastructure across Limpopo and Mpumalanga, South Africa. The company says ultra-rural villages such as Mtititi and Ga Marishane will benefit the most from the investment. The $56.4-million investment 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 telco says. “Our aim is to significantly enhance access and open the door to new digital opportunities for many more people across the province. Our investment is specifically targeted at increasing network coverage, improving throughputs, and connecting the previously unconnected,” says Kagiso Moncho, GM: Northern Regio...
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...
SA’s 4 Fastest Mobile Internet Operators Ranked in 2022
Internet and connectivity speed tester Ookla has released its market analysis for South Africa, ranking the country’s fastest mobile internet operators. The analysis only takes into account top mobile operators in the country, ones which account for 3% or more of total test samples in the market in Q4 2021 – smaller providers are not tested, and thus are not included in the rankings. All operators are ranked based on their Speed Score, which incorporates a measure of each provider’s download and upload speed to rank network performance (90% of the final Speed Score is attributed to download speed and the remaining 10% to upload speed because online experiences are typically more affected by download speed). Ookla places the most emphasis on the median speeds as those represent what most mo...
MTN is the First African Company to Officially Enter the Metaverse
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2021 in Review: 10 Biggest Stories You Clicked On
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MTN Uganda Lists 22.4 Billion Shares & Commences Trading
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
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 Rwanda Taps Ericsson to Deploy New Operations Centre
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Rwanda has selected its longtime partner, Ericsson, to deploy a Network Operations Centre (NOC). The five-year contract will support MTN Rwanda to focus on enhancing consumer experience through Ericsson’s Managed Services solution that will deliver an automation-driven Information Technology (IT) operation. Ericsson will provide NOC for a range of MTN Rwanda’s applications and the corresponding IT Infrastructure to support critical business segments and enhance operational efficiency. The new agreement is an important milestone in MTN Rwanda’s modernisation and digital transformation journey, the company says. Through the NOC, MTN Rwanda’s Network Operations Centre and the Incidents Management tools will be automated enabling furthe...
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...
Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
