Airtel group assesses H1’19 performance, charts way forward
Businessam Staff
November 6, 2019
By Omobayo Azeez Management of Airtel Africa Plc has hosted a group investor session in Lagos to assess its first half-year, 2019 financial stance and performance, and chart way for a better outlook on the continent. The group focused its discussion on ways to accelerate top-line growths and lower net debt, USSD issue between banks […]
Telecom firms get five days to stop illegal deductions
Businessam Staff, Mudashir TundeNovember 6, 2019
By Moses Obajemu Isa Pantami, the minister of communications and digital economy, has ordered the Nigerian Communications Commission to implement a directive on the reduction of the cost of data in the country. The NCC was equally ordered to enforce an earlier directive to compel service providers to put a stop to illegal deduction of […]
Telecom operators make N2.25trn in 12 months
Businessam StaffSeptember 4, 2019
Telecom operators grew their revenue by 15 percent in one year to reach N2.25 trillion in December 2018 from N1.96 trillion in 2017, a report by the Nigerian Communications Commission has shown. According to the industry regulator, investment of the operators in infrastructure declined by 62 percent to stand at N32.1 billion by the end […]
MTN Group grows earnings by 12%, service revenue 9.7% in six months
Businessam StaffAugust 8, 2019
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
Businessam StaffAugust 7, 2019
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 […]
Telecoms industry sees need to tighten network security, regardless of Huawei
Bussinessam StaffFebruary 26, 2019
The telecoms industry is acutely aware of the need to ensure that ever-more complex mobile networks are safe, the head of its main lobby group told Reuters, as debate swirls over whether to bar some equipment vendors on national security grounds. The GSMA, which groups 300 operators worldwide, has pushed back against U.S. calls on […]
MTN to relaunch mobile financial services in South Africa
Businessam StaffMarch 12, 2018
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
Businessam StaffMarch 8, 2018
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
Businessam StaffFebruary 26, 2018
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
Businessam StaffFebruary 21, 2018
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, […]