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A collection of 16 posts

Mastercard Ventures Into African Fintech With $5.2bn MTN Stake

Mastercard Ventures Into African Fintech With $5.2bn MTN Stake

Mastercard Inc. is making waves in African fintech by acquiring a minority stake in MTN Group Ltd.'s financial-technology subsidiary, valued at a whopping $5.2 billion. This move has sparked a remarkable 10% increase in MTN shares, underscoring the significance of the collaboration. MTN Group, the continent'

MTN – UGANDA UNVEILS 5G NETWORK: FIRST IN THE REGION

MTN – UGANDA UNVEILS 5G NETWORK: FIRST IN THE REGION

MTN-Uganda a subsidiary of MTN group unveiled the first 5G network in the East African region. The Telecom giant which currently dominates the market with 17 million subscribers hopes the service will propel the country’s digital and financial inclusivity to greater heights. 5G also known as the 5th generation

Why Airtel’s latest bid for 5G licence was declined

Why Airtel’s latest bid for 5G licence was declined

On Tuesday, Airtel Africa, the parent company of Airtel Nigeria was declined access to an upfront reserve price fixed at $273.6 million — a move against the established protocol. The price which was the final amount in which MTN and Mafab Communications secured their 5G licences in December 2021 is

Reasons The NCC Ordered 10% Reversal of Telcos Tariff Hike

Reasons The NCC Ordered 10% Reversal of Telcos Tariff Hike

Following the complaints of subscribers, the Nigerian Communications Communications (NCC) in a statement rejected the 10% tariff hike in the prices of voice calls and data services of telecom operators in the country. Although, the move by these operators was in line with the mandate of the commission as provided

NCC Issues Additional 5G Spectrum Licences at $273.6 Billion Each

NCC Issues Additional 5G Spectrum Licences at $273.6 Billion Each

The Nigerian Communications Commission (NCC) has revealed its plan to auction two more fifth generation (5G) network licences at $273.6 billion each. This comes after its first issue of 5G network licences to winning bidders — MTN Nigeria and Mafab Communications Limited in December 2021. The offer includes remaining lots

Primedia Purchases Virtual Land in Ubuntuland Metaverse as it Targets to Become the Sales House for The African Metaverse

Africarare metaverse Ubuntuland

Primedia Purchases Virtual Land in Ubuntuland Metaverse as it Targets to Become the Sales House for The African Metaverse

The South African media giant, Primedia, announced that it had purchased virtual land in the African Metaverse’s Ubuntuland from Africarare. Among the well-known brands owned by the corporation are Primedia Outdoor (billboards), Primedia Broadcasting, and the well-liked, award-winning news organization Eyewitness news. The news was announced during the inaugural

MTN Nigeria Partners with Intelligra to Drive Financial Inclusion in the Country

MTN Nigeria Partners with Intelligra to Drive Financial Inclusion in the Country

South African telecommunications company subsidiary in Nigeria, MTN, has signed a partnership with a smartphone financing company, Intelligra through its device financing program. This occurred at a press conference on October 12 where it announced its collaboration with SLOT, Stanbic, VFD MFB, PT MFB and Credit Direct to enable flexible

MTN partners with Ericsson, pioneers 5G launch in Nigeria

MTN partners with Ericsson, pioneers 5G launch in Nigeria

In a press release on September 19, leading US 5G network provider, Ericsson has revealed its partnership with South African telecommunications company, MTN to collectively launch 5G network in Nigeria. This follows MTN’s successful commercial launch in Lagos, a day prior to the partnership announcement. As stated in the

Telecom Company, MTN launches commercial 5G in Nigeria

Telecom Company, MTN launches commercial 5G in Nigeria

South African telecommunication company, MTN has rolled out 5G commercial services in Lagos, the commercial capital of Nigeria on September 18 at an event. This follows the announcement by the company on August 24, 2022 that it had begun its pilot test in Lagos and six other cities. Other target

MTN's MoMo to pay customers UGX 5.7 billion

MTN's MoMo to pay customers UGX 5.7 billion

Mobile Telecommunication Company MTN’s subsidiary, MoMo Uganda, a mobile money platform has scheduled to pay its Ugandan customers UGX 5.7 million ($1,496.95) for the second quarter (April to June) of 2022. Following the enactment of the National Payment Systems (NPS) Act, 2020, MTN Uganda’s telco

MTN Group Appoints Christian Bombrun New Digital Platforms Chief

MTN Group Appoints Christian Bombrun New Digital Platforms Chief

According to MTN Group, Christian Bombrun will begin serving as CEO of its Digital Platforms on 1 September 2022. Minnie Harris, who has been playing the part since April 2022, will now be replaced by the incoming CEO. The operator stated that Harris, who has been wearing two hats for

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

More Fiber or More 5G? Rain Looks to Cause a Merger Upset with Telkom

Internet service provider Rain announced earlier on Thursday that it has requested to pitch a partnership with rival Telkom to become a third major operator in the nation. A move that well poses threat to a takeover plan from MTN Group Ltd. that is now being discussed. Telkom SA SOC

Fiber War: Competition Hurdles in South Africa’s Telecom Industry

Fiber War: Competition Hurdles in South Africa’s Telecom Industry

Africa is not new to fiber-optic networks. According to some estimates, African nations have installed more than 1.389 million kilometers of terrestrial fiber lines, 936,000 of which were up and running in 2018. What Africa is new to is fiber war, and it might just be a completion

MTN Partners MIA Telecoms to Offer Tech Entrepreneurs New Revenue Streams

MTN Partners MIA Telecoms to Offer Tech Entrepreneurs New Revenue Streams

MIA Telecoms has been chosen by MTN Business to serve as its aggregator for the administration of new partners and resellers. Through this tactical alliance, MTN Business will expand its reach and give its new partners a better overall relationship experience. With MTN’s market-leading mobile and connectivity solutions, emerging

COSATU Push Back Against MTN’s Planned Takeover of Telkom

COSATU Push Back Against MTN’s Planned Takeover of Telkom

The Congress of South African Trade Unions (COSATU) has stated that it opposes MTN’s proposed acquisition of Telkom, citing earlier, more significant mergers that resulted in job losses. The largest trade union in the nation, COSATU, claimed that the merging of big businesses had resulted in thousands of job

What Will be the Cost of MTN’s Imminent Telkom Takeover?

What Will be the Cost of MTN’s Imminent Telkom Takeover?

MTN has informed its shareholders that it is in talks for a Telkom takeover. An agreement will see it purchase Telkom’s entire issued share capital in exchange for shares or a cash and share combination. However, MTN said in a Friday (15 July) statement that talks are in the