MTN Group grows earnings by 12%, service revenue 9.7% in six months

MTN Group, Thursday, released its first half financial report for the year 2019, announcing that it recorded additional 7.7 million subscribers to reach a total of 240 million subscribers on its network across all its operational bases, including Nigeria as at June this year. According to the report, despite the difficult trading conditions across its […]

Nigeria telecoms services worsen over interconnect debts

Telecommunications services have gone poorer in the last few days owing to a partial disconnection of telephone lines largely due to increasing and unpaid interconnect debts. It was learnt that an interconnect debt of over N165 billion among some stakeholders, including the mobile network operators (MNOs), clearing houses and value added service (VAS) providers, is […]

MTN to relaunch mobile financial services in South Africa

MTN is looking to relaunch its financial services play in home market South Africa almost two years after pulling the plug on the business. In comments cited by South African newspaper Business Day, Rob Shuter,MTN CEO, revealed the company is building new products around financial services including loan offers, investment products, and insurance, as it […]

Nigeria’s 9mobile excites new subscribers with 4-in-1 bonus offer

In continuation of its commitment to continuously create innovative platforms for a positive experience, Nigeria’s telecommunications company, 9mobile, has bolstered its season of care with the launch of a fantastic bonus offer called 4-in-1 for new subscribers. The 4-in-1 bonus offers massive data and airtime bonus on recharges made by new 9mobile subscribers, and is […]

Kwesé acquires major stake in iflix Africa

Pay TV platform, Kwesé, has acquired a major stake in iflix Africa, which will now form part of Kwesé’s diverse broadcast offering, as the core vehicle to deliver seamless mobile experiences to millions of viewers in Africa. iflix is an entertainment service for emerging markets, while Kwesé is Econet Media’s pan-African media company. A statement […]

Nigeria’s 9mobile rejigs data package, moreblaze, for faster, reliable browsing experience

Nigeria’s 9mobile has reloaded its data package, moreblaze to deliver faster and reliable browsing on the Internet. The new moreblaze, according to the company, is expected to delight subscribers as it enables them “enjoy a much richer and much faster online browsing and streaming experience 24-7”. Available in differing data plans including smartpaks, smartphone offers, […]

NCC, CBN set deadline for 9mobile takeover bid

Nigerian Communications Commission (NCC) alongside the central bank have set a Jan. 16 deadline for receipt of binding offers from prospective bidders to acquire debt-laden telecom firm 9mobile, the telecoms regulator said on Thursday. The regulators approved the deadline after 9mobile’s board requested a time extension, the NCC said. It added that Barclays Africa will […]

Econet said to seek U.K. listing with about $8bn value

Econet, African telecommunications group is considering selling shares on the London Stock Exchange at a valuation of about $8 billion next year after combining new and existing assets, according to people familiar with the matter. According to Bloomberg’s report, that valuation would be based on an enlarged company, partly forged through the acquisition of additional […]

South Africa mobile operator MTN to swing back into profit

MTN expects to swing back into profit in the first half of its financial year after a 330 billion naira ($1.1 billion) fine paid in the previous reporting period weighed on margins, the company said on Thursday. Africa’s biggest wireless network group expects headline earnings per share (HEPS) to be between 210 cents and 230 […]