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Top related persons:
Elias Biryabarema - 2 Nafisa Eltahir - 1 SUNA - 1 Sudani - 1 Sudan's - 1 Zain - 1 Aidan Lewis - 1 Philippa Fletcher - 1
Top related locs:
KAMPALA Nafisa Eltahir CAIRO Darfur Khartoum Kuwaiti Zain Sudan Nile Port Sudan
Top related orgs:
MTN - 2 MTN Uganda - 2 South Africa's MTN - 2 Thomson - 2 Communications - 1 Rapid Support Forces - 1 MTN Sudan - 1 MTN Group - 1

Search resuls for: "MTN Group"


7 mentions found


☆ Sudanese RSF Brings Down Telecoms Networks Across Sudan - Sources
  + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
The RSF did not comment, while an RSF source said the paramilitary had nothing to do with the outages. The two telecoms sector sources said the RSF was able to shut down the networks without causing permanent damage. The RSF has also forced Sudan's third main provider, Kuwaiti-owned Zain Sudan, to stop service in River Nile state and Port Sudan city, both controlled by the army, the sources and SUNA said. "MTN Sudan is actively engaging with relevant stakeholders to minimise the duration of this interruption," it said. The war has made Sudan the world's biggest internal displacement crisis and both sides have been accused of war crimes.
Persons: Nafisa Eltahir, SUNA, Sudani, Sudan's, Zain, Aidan Lewis, Philippa Fletcher Organizations: Communications, Rapid Support Forces, MTN Sudan, MTN, Facebook, MTN Group, Reuters, Medical Locations: Nafisa Eltahir CAIRO, Darfur, Khartoum, Kuwaiti, Zain Sudan, Nile, Port Sudan, Sudan, Zamzam
☆ Airtel Uganda doubles bonus shares ahead of IPO close
  + stars: | 2023-10-25 | by ( Elias Biryabarema | ) www.reuters.com   time to read: +1 min
KAMPALA, Oct 25 (Reuters) - Airtel Uganda said it has doubled the amount of bonus shares for potential investors, to boost participation in its initial public offering (IPO) set to close on Friday. The firm launched its share sale on Aug. 29 and set the share price at 100 Ugandan shillings. Airtel is selling 20% of its equity in a move aimed at raising 800 billion Ugandan shillings ($213 million). Results of the IPO are expected on Oct. 30, while shares will be listed on the Uganda Securities Exchange on Oct. 31, according to a prospectus. When the listing completes, Airtel Uganda will be the second listed telecoms company on Uganda's stock exchange after MTN Uganda (MTNU.UG), majority owned by South Africa's MTN Group (MTNJ.J), which listed in December 2021.
Persons: Elias Biryabarema, Giulia Paravicini, Hereward Holland, David Evans Organizations: Airtel, Uganda Securities Exchange, MTN Uganda, South Africa's MTN, Thomson Locations: KAMPALA, Airtel Uganda
☆ MTN launches first 5G network in Uganda
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: 1 min
KAMPALA, July 28 (Reuters) - Telecom firm MTN Uganda (MTNU.UG), a unit of South Africa's MTN Group (MTNJ.J), on Friday launched the first 5G network in the east African country. MTN has Uganda's largest subscriber base at around 15 million. 5G offers faster data speeds and lower latency or response time. Sylvia Mulinge, MTN Uganda's chief executive officer, said the company planned to roll out full 5G coverage in the capital Kampala by the end of 2024 and that over the next two years all its base sites in major cities would also be converted to 5G. Writing by Elias Biryabarema; Editing by George Obulutsa and Alexander WinningOur Standards: The Thomson Reuters Trust Principles.
Persons: Sylvia Mulinge, Elias Biryabarema, George Obulutsa, Alexander Organizations: Telecom, MTN Uganda, South Africa's MTN, MTN, Bharti Airtel, 5G, MTN Uganda's, Thomson Locations: KAMPALA, South, Kampala
☆ South Africa fights to keep phone networks up as lights go out
  + stars: | 2023-04-05 | by ( Nqobile Dludla | ) www.reuters.com   time to read: +8 min
A bank of expensive backup batteries, theft-proofed within a block of concrete. "Our costs have gone through the roof," lamented Sitho Mdlalose, managing director of Vodacom South Africa (VODJ.J). President Cyril Ramaphosa in February declared a national state of disaster, calling the crisis an existential threat to South Africa's social fabric. While most network towers in South Africa are equipped with a battery for backup power, more advanced systems are less common. That risks delaying South Africa's pivot to the digital economy and could leave rural areas, which already suffer from sparse coverage, lagging even further behind.
☆ MTN commits to $1 bln Ghana investment after government scraps tax claim
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +1 min
The investment comes on the heels of the Ghana Revenue Authority exempting the company's bill for back taxes earlier this month after the incident sparked a diplomatic reaction by the South African foreign minister. The tax claim was initially issued after the revenue authority audited the company for the years 2014 to 2018 and inferred that it under declared its revenue by about 30% during the period. MTN Chief Executive Officer Ralph Mupita said the company was committed to investing in Ghana despite short-term headwinds. That said we are focused on the medium and long term and we are seeing growth," he said in a statement. MTN intends to invest the amount in 5G technology which it believes would spur faster growth across sectors, he said.
☆ MTN Ghana hit with bill of $773 mln for back taxes
  + stars: | 2023-01-14 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, Jan 13 (Reuters) - The Ghanaian subsidy of South African mobile operator MTN Group (MTNJ.J) has received a bill for back taxes of around $773 million, including penalties and interest charges, the parent company said on Friday. The Ghana Revenue Authority issued MTN Ghana (MTNGH.GH) with the bill after auditing it for the years 2014 to 2018 and inferring that the company under declared its revenue by about 30% during the period, MTN said in a statement. The carrier, which has a presence in 19 countries in Africa and the Middle East, said it disputes the "accuracy and basis" of the assessment and that it would fight it. "MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to defend MTN Ghana's position on the Assessment," the company said. Reporting by Bhargav Acharya; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ South Africa's Telkom says bigger rival MTN has terminated buyout talks
  + stars: | 2022-10-19 | by ( Makiko Yamazaki | David Carnevali | ) www.reuters.com   time to read: +1 min
JOHANNESBURG, Oct 19 (Reuters) - South African mobile operator Telkom (TKGJ.J) said on Wednesday bigger rival MTN Group (MTNJ.J) had terminated talks to buy the former in what would have created the country's biggest telecoms company. Telkom said it could not offer MTN assurances to enter into exclusive talks sought by the country's second biggest telecoms service provider. It withdrew the offer later only to come back last month with a revised offer asking Telkom to buy it out. "MTN terminated discussions... as Telkom was not in a position to provide MTN with assurances around exclusivity," Telkom said in a statement. The talks between Telkom and MTN were at an early stage and had not progressed to due diligence, Telkom said, adding that it had not received any binding offer from MTN.
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