MTN Nigeria kicked off its IPO for retail investors, placing 575 million of its shares up for grab, capped at $0.41 per share, according to the operator. As such, MTN Group President and CEO Ralph Mupita said: “With this offer, we will contribute to the further deepening of Nigeria’s equity capital markets. It is the […]
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MTN Group has recently decided to buy South Africa’s Telkom, Bloomberg reported, however, Telkom has so far shown no interest in a sale, while it remains unclear whether the larger rival will continue its pursuit, the sources said. As such, Telkom has so far rejected MTN’s proposals, and “it remains unclear” whether MTN will continue […]
MTN Nigeria Communications PLC will open a public offering for its shares and a bid from institutional investors in a transaction totaling 575 million units, the operator said in a statement on Thursday. “This is the first step in MTN Group’s previously communicated statement of intent to sell down approximately 14 percent of its shareholding […]
East Africa’s largest telecom operator, MTN Uganda, announced on Monday its initial public offering (IPO) news of selling a 20 percent stake of 4.5 billion shares, setting the stage for the country’s largest IPO to date for the region’s leading telco. The operator’s IPO valuation was approved by the Capital Markets Authority of Uganda (CMA), […]
MTN Cameroon appealed for a license to deploy and operate a trial for 5G networks from the country’s Telecommunications Regulatory Board, aiming to provide Cameroonians entry to more modernized uses of information technologies, Business in Cameroon reports. Local media reported that the subsidiary of the South African telecommunications company MTN Group, MTN Cameroon (MTNC), has […]
Rwanda’s Utilities Regulatory Authority (RURA) warned MTN Rwanda on Monday over continuously failing to improve its services. The warning follows multitudes of complaints on social media, of people accusing MTN Rwanda of poor services, mostly on calls and internet. Moreover, the vendor’s poor performance spilled over to other services including its mobile money YOLO and […]
MTN Ghana hinted earlier on Wednesday that the operator could be poised to launch its 5G network in 2022, according to the company’s CEO Selorm Adavehoh. The provider’s chief exec made the announcement during an interview at the MTN Business Executive Breakfast show. “We are always trying to make sure we can be the first […]
South Africa’s MTN announced on Thursday that it will not re-bid for an operating license in Ethiopia, and is arranging to exist the Syrian market, CEO Ralph Mupita was quoted as saying during a media briefing on the financial half year results. This official statement follows Ethiopia’s announcement earlier this month to re-open bidding for its second telecoms operator license in August, including the right to operate mobile financial services. However, […]
South Africa’s MTN have expressed their unlikeliness to resubmit a bid to enter Ethiopia’s telecoms market, Bloomberg reported citing sources familiar with the matter. The company’s possible move, came after Ethiopia announced earlier this week plans to re-open bidding on second operator license including the right to operate mobile financial services. This comes as a surprise to many, as […]
South African telecom giant MTN Group announced on Thursday that it expanded its 5G network coverage, within northern provinces of the country in Polokwane and Witbank. The company deployed 5G towers despite uncertainty regarding the allocation of new spectrum. “MTN is making strides with its 5G technology rollout strategy,” said Kagiso Moncho, MTN general manager […]