South Africa telco MTN Group is seeking to sell off its telecommunications towers. MTN has reportedly instructed Citigroup and Standard Chartered banks to advise on a ‘sale and leaseback’ solution for the division. MTN is said to be looking to achieve $340 million – $700 million from the sale. The portfolio of towers is impressive […]
South African telco MTN has mounted a legal challenge to the nation’s ICASA regulator over its plans to auction and award licences for 5G development in the country. MTN’s documents were filed at the Pretoria High Court on January 27th. ICASA said on January 29th that it will oppose MTN’s legal action and that it […]
MTN, a South African telco, has taken regulator ICASA (Independent Communications Authority of South Africa) to court over its plans for an upcoming 5G spectrum auction. Mobile Telephone Networks (MTN), formerly M-Cell and which also controls Verizon’s Business SA company, started its action by stating that ICASA’s decision to auction off the nation’s 3.5 GHz […]
South Africa’s much-delayed spectrum auction will see some progress by the end of September when regulator ICASA will issue two invitations to apply for interested parties. ICASA says the spectrum will then be issued at the end of the regulator’s financial year (March 2021) which is a further 3 months later than the promised December […]
MTN Group, in reporting its latest financials, told investors that it will exit its cellular businesses in the Middle East over the medium term in order to concentrate on Africa. Stage 1, it says, is that it is in talks to sell its majority 75 per cent stake in MTN Syria. MTN Group was previously […]
BBC World Service is partnering with MTN Nigeria to deliver BBC News Minute bulletins which will be free of charge to subscribers of the myMTN App in English, Hausa, Igbo, Pidgin and Yoruba. This is the first time an international news organisation will feature in the MyMTN App. BBC News Minute is the BBC’s 60 […]