Telecom

MTN Posts Impressive Results on account of Forex Gains

MTN Posts Impressive Results on account of Forex Gains

Telecom major MTN has surprised investors by declaring 30 percent rise in yearly income. The weak currency also helped the company perform better in terms of local currency revenue and profit figures.

The largest mobile services provider in Africa has registered growth in subscriber base and revenue in Mauritius and Nigerian market. The company operates in 20 markets worldwide with majority of revenue coming from Africa.

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MTN Nigeria Selects Ericsson for Local Market Managed Services

MTN Nigeria Selects Ericsson for Local Market Managed Services

MTN Nigeria has selected Ericsson for five year managed services including optimization, management and field maintenance of 75% of MTN infrastructure in Nigeria. The financial details of the deal were not revealed by MTN or Ericsson.

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Sponsors Pledge support for East AfricaCom

Sponsors Pledge support for East AfricaCom

East AfricaCom 2014 team has managed to bring big sponsors on board for the event to be held in Nairobi in May. Liquid Telecom, Airtel, SEACom and East Africa Data Centre will support the event.

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Nigeria Considering SIM-card Sales Ban

Omobola Johnson - Nigeria Considering SIM-card Sales Ban

Nigerian telecom authority is planning to ask telecom companies to stop selling new SIM cards as the network is getting congested and more users are joining the network every day. Information and Communication Technology Minister Omobola Johnson said that the telecom companies will have to improve their network and invest more in infrastructure.

The minister further added that fines on telecom companies are not enough. The government will take strict action to improve the quality of telecom services in the country.

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Vodacom Reports Strong Quarter

Vodacom Reports Strong Quarter

Mobile services operator Vodacom reported strong quarterly results registering 10.5 percent growth in revenue. The revenue was up at R20.2 billion in 2013 compared to last year. The company registered strong results in quarter due to higher data usage and rise in consumer base.

Vodacom registered 12.3 percent rise in active subscribers on its network. The company reported strong results as the revenue from data services was higher by 41 percent at R3.6 billion. The company has witnessed rise in average revenue per user (ARPU).

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MTN Hires Michael Fleischer

MTN Hires Michael Fleischer

Telecom operator MTN has named Michael Fleischer as chief legal counsel. Fleischer will step down from his current job at Gold Fields tomorrow.

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Al-Shabaab Cuts Internet Connectivity in Somalia

Al-Shabaab Cuts Internet Connectivity in Many Regions in Somalia

Militant group Al-Shabaab has pushed telecom companies operating in Central and South Somalia to turn off internet access. Two weeks back, the radical group which controls some areas of Somalia had given threat call to telecom companies to cut the internet connectivity.

The government had urged the companies to continue providing internet services. The major telecom companies have informed local news channels about visit of members of Al-Shabaab. Hormud Telecom had cut off internet connectivity to its consumers in the region.

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Globacom Plans Massive Expansion across the Country

Globacom Plans Massive Expansion across the Country

Telecom major Globacom is planning expansion of its fibre optic network across the country to improve the coverage and quality of service. Globacom Chairman Mike Adenuga informed that the company will carry out the expansion of its network in coming months.

The company will provide better network coverage to its clients. After the network upgrade, consumers will enjoy seamless services across Africa. Communication technologies are fast changing and the company wants to offer the best to its loyal customers.

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Telkom to Run Separate Retail and Wholesale Business

Sipho Maseko - Telkom to Run Separate Retail and Wholesale Business

Telecommunications operator Telkom has planned to split its wholesale and retail divisions as separate business after Competition Tribunal ruling. The company has published code of conduct for employees of both the divisions.

Both the divisions will not share sensitive information which may violate rulings of competition tribunal. Telecom sector experts believe that with the current move, broadband network reach and services will improve in the country. Higher broadband penetration is important part of technology infrastructure and helps economy.

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Telkom Asks CFO to Repay Loan

Telkom CEO Sipho Maseko

Telecommunications major Telkom SA has asked Jacques Schindehutte, the suspended chief financial officer to return the R6 million loan as the transaction is against the Companies Act. Schindehutte was suspended in October 2013.

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