MTN has announced that it is focusing its strategy on the African markets. “As part of our ongoing portfolio review, we believe the group is best served to focus in the future on our pan-African strategy,” says MTN Group CEO, Rob Shuter. “We will, therefore, be exiting the Middle East in an orderly manner over the medium term. As a first step, we are in advanced discussions to sell our 75% stake in MTN Syria.” The news comes after the telco announced that it added 11 million subscribers in the first six months of the year to reach a total base of 262 million. By the end of June 2020, MTN had 102 million active data users and 38 million active Mobile Money users. Despite lockdown restrictions impacting network rollout, MTN Group invested R10 billion in capital expenditure across...
Sourced from The Techie Guy MTN Ghana has initiated a new move in seeking a judicial review of Ghana’s National Communications Authority (NCA)’s decision to declare the telecom a Significant Market Power (SMP) in the country. MTN says that this declaration could mean significant regulatory restrictions being placed upon it by the NCA which could potentially limit the telecom’s growth in the country, as well as its performance, innovativeness and competitiveness in the global telecoms market. MTN Ghana heads to court All Africa reports that a statement issued by MTN Ghana in Accra on Friday and signed by its CEO, Selorm Adadevoh, who says that that the SMP declaration raises concerns about clear procedural breaches. /* custom css */ .tdi_3_ec2.td-a-rec-img{ text-align: left; }.tdi_3_ec2.td-...
Sourced from Redbubble and iStock. “With this platform, we have the possibility of reaching between 600 million and 800 million mobile subscribers in Africa,” says Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA), during the virtual launch of the Africa Communication and Information Platform for Health and Economic Action (ACIP) on 23 June 2020. ACIP is a mobile-based tool for two-way information and communication between citizens and governments. It furnishes national and regional COVID task forces with user-generated survey data and actionable health and economic insights that will enable authorities to better analyze pandemic-related problems and implement appropriate responses. Dr John Nkengasong, Director of Africa CDC says the platform offers a “unique opp...
Sourced from Business Tech A lawsuit filed in the United States that claims that telecom giant MTN paid protection money to terrorist groups al-Qaeda and the Taliban have been expanded to include new claims. The Wall Street Journal reported that the newly expanded lawsuit now also claims that two US contractors – which ran aid projects in Afghanistan – paid protection money to the Taliban. The suit in question was filed by certain families of US soldiers who were killed or wounded in Iran and Afghanistan between 2009 and 2017. Initially launched last year, the case is now hearing new allegations at the United States District Court. The suit, which also includes claims against seven other international companies including the security company G4S, alleges that MTN violated the US Anti-Terro...
Sourced from allAfrica. Nigeria’s lockdown triggered by the COVID-19 pandemic has increased the usage of SMSs – the quintessential short message service used all across the world – as subscribers were discovered to have sent over 1-billion messages within the last month. Though this mass of messages was largely free, checks on some operators revealed the rate of how customers made use of the SMS platform to send messages to one another. For instance, a check on MTN showed that within the first five weeks of lockdown, where people all across the country began to work remotely. Over one billion text messages were sent by customers within the first four weeks of the pan-African telecom introducing a new free SMS package – the package allows MTN Nigeria subscribers across the country to send 1...