MTN news
MTN Drives Rural Expansion with 39M Injection in Eastern Cape, SA
MTN SA has today announced that it is investing $39.1-million (R624-million) into the Eastern Cape province of South Africa to drive upgrades and deploy new network infrastructure across the region this year. The company says it is focusing on launching 5G and connectivity services, especially in rural areas. This latest cash injection falls as part of MTN’s “Modernisation of Network South Africa project” (MONZA) project. Last month, the telco invested nearly $57-million in rural Limpopo in the North of South Africa. MTN says this latest investment will expand network reach into rural communities, drive 5G expansion and work to restore vandalised network infrastructure. “We are working across the country to modernise the entire MTN network. Just over 68% has already been completed national...
MTN SA Launches New FLTE & 5G for the Home Packages
MTN has yesterday announced a new range of 5G offerings and has expanded its Home FLTE offerings through its Supersonic brand. The newly launched month-to-month Uncapped Home FLTE priced from R499 and Uncapped Home 5G from R699, come with a free-to-use router, the telco says via press release. This builds on the launch of the innovative Airfibre solution at the beginning of 2021 and makes further strides in helping connect the unconnected at affordable prices. “Our aim is to consistently provide additional affordable options for more people to access high-quality solutions, with low latency and stable download speeds. We are extremely excited to build on our FLTE and Air fibre innovations to now bring the cutting-edge benefits of 5G to our users,” says Megan Nicholas, MD at Supersonic. “5G...
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 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 is the First African Company to Officially Enter the Metaverse
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MTN Uganda Lists 22.4 Billion Shares & Commences Trading
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MTN Building New Head Office in Côte d’Ivoire in Preparations for 5G Trial
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MTN Says All of Its Staff Must Vaccinate After January 2022
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MTN Signs Landmark Digital Payments Deal with Hungry Lion Zambia
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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...
