MTN Group had on Monday disclosed it had signed a Memorandum of Understanding (MoU), an initial agreement with global payments giant, Mastercard for a minority investment in its fintech arm, valuing it at around US $5.2 billion dollars, almost 40% of MTN’s total market value. Several reports has it that …
Read More »Project East2West: Africa50, MTN’s Bayobab to Invest US$320 Million for Pan-African Terrestrial Fibre
…Plan to Connect 10 African Countries in 3 Years Bayobab and Africa50 on Monday signed a partnership to develop Project East2West, a terrestrial fibre optic cable network connecting the eastern shores of Africa to those on the continent’s west. The partnership will invest up to US$320 million connecting ten African …
Read More »MTN Group Moves to Sell Some West Africa Assets
MTN Group is in advanced talks with Axian Group to sell some of its West African markets, according to people familiar with the matter, as Africa’s largest mobile operator trims its portfolio. According to Bloomberg, the South African telco is looking to trim its portfolio. The publication noted that negotiation are …
Read More »MTN Group CEO Gives Insights on 5G Opportunity Offerings
Following his visit to Nigeria earlier in the year, the Chief Executive Officier of MTN Group, Ralph Mupita has declared that the 5G license won by MTN Nigeria will usher in a new world of opportunities. Speaking in an interview on Arise TV’s Global Business Report, the group CEO gave …
Read More »MTN Group Plans to Reduce its Shares to 65% in Nigeria Subsidiary
As part of its commitment towards economic growth, MTN Group has disclosed its plan to reduce its shareholding in its Nigeria Subsidiary to 65%. The Group President and CEO Ralph Mupita made this disclosure during an official visit. Mupita who underscored the importance of MTN’s operations in Nigeria and South …
Read More »MTN to Seek Minority Investors for Fintech Unit
MTN Group will look for minority investors in its African fintech unit after separating the division from the carrier’s traditional telecommunications business, a move to maximise growth in the booming division. The continent’s largest mobile phone operator is on track to complete the carve-out by the end of June, according to …
Read More »MTN Announces Covid-19 Vaccine Mandate for Staff
MTN Group, the largest pan-African telecommunications operator, said on Monday that it plans to implement a Covid-19 vaccine mandate. “As part of our commitment to protect the health and safety of our people and workplaces, as well as contribute towards the rate of Covid-19 vaccinations across our markets, MTN Group …
Read More »MTN Affiliate IHS Towers to Pursue New York Listing
MTN Group affiliate, emerging markets telecommunications tower operator IHS Towers, is pursuing a possible listing on the New York Stock Exchange. MTN, which owns 29% of IHS, revealed the plans in a stock exchange filing in Johannesburg on Friday. IHS has filed a “Form F-1 registration statement” with the US Securities …
Read More »MTN Group Announces New Appointment to Drive Digital Services Expansion
MTN Group has announced the appointment of Burak Akinci as Chief Executive Officer of Simfy (ayoba), reporting to the MTN Group Chief Digital and Fintech Officer Serigne Dioum and responsible for the super app digital services, ayoba. Effective 1 September 2021, Burak joins Africa’s leading mobile operator from Turkcell, where …
Read More »MTN to Deploy OpenRAN Architecture
MTN Group said on Wednesday that it will deploy an OpenRAN network architecture across its operations in Africa, allowing interoperability between vendors and reducing costs. MTN will begin testing OpenRAN with a view to deploying it commercially, it said. The technology will allow it to “launch new services more quickly, …
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