MTN Group has settled US$300-million (R5.2-billion) in Eurobonds that were due in 2024 early, helping deleverage its balance sheet. The early repayment brings MTN’s dollar-denominated debt down to 35% of total …
Telecommunications
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NCC raises international calls termination rate to $0.10
Telecommunications companies operating in Nigeria are set to earn more from international calls as the Nigerian Communications Commission (NCC) increases the international termination rate (ITR) to $0.10 from the current $0.045 for voice services. …
Cell C, a leading mobile provider in South Africa witnessed a revenue declined from R13.9 billion at the end May 2021 to R13.4 billion this year, while it suffered a …
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MTN, Ultima Studios to Debut game show ‘Family Feud’ on Nigerian Screens
The globally acclaimed game show, ‘Family Feud’ is set to grace screens across the nation from October 7, 2022 courtesy of leading technology company and headline sponsor, MTN Nigeria in …
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MTN Nigeria begins 5G rollout, targets seven cities
MTN Nigeria has kicked off an open 5G pilot in the lead-up to its highly anticipated commercial launch. The company intends to launch 5G services in Lagos, Abuja, Port Harcourt, …
The Telkom board says its court application to block a Special Investigating Unit (SIU) probe into its historic transactions does not mean it tolerates corruption. On Wednesday, the chairperson of …
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5G Rollout: MTN opens the portal for 5G router pre-order
MTN and Mafab Communications, in December 2021, won the 3.5GHz Spectrum band for the 5G license and the Nigerian Communications Commission (NCC) had given both operators up till August 24, …
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Telkom witnesses increase in shares by 5% as MTN continues takeover talks
MTN and Telkom on Monday, confirmed that they are still in takeover negotiations. Previously, the companies said their negotiations were “at an early stage” and that there was “no certainty the transaction …
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NCC grants Mafab 5 months extension to roll out 5G network
Mafab Communications, one of the two telecommunication firms that won the 5G spectrum licences in December 2021, has been issued a five-month extension for its roll out by the Nigerian …
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MTN appoints Icasa CEO Willington Ngwepe as new chief of staff
MTN has appointed outgoing Independent Communications Authority of South Africa (Icasa) CEO Willington Ngwepe, as it chief of staff, it was announced on Tuesday. Ngwepe, whose term at Icasa comes …