Mobile & Telecoms

Orange exits Kenya market after Helios deal

NAIROBI, (CAJ News) – THE Orange Group has announced a binding agreement with Helios Investment Partners for the sale of its entire 70 percent stake in Telkom Kenya. The finalization of the transaction remains subject to approval from the relevant authorities. Officials said the signature reflected Orange’s constant focus on optimising its portfolio of assets. “The Africa and Middle-East region ...

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BREAKING: NCC renews MTN Nigeria operating licence

JOHANNESBURG, (CAJ News) – THE Nigerian Communications Commission (NCC)  has approved the renewal and consequent extension of the tenure of MTN’s operating licence in the West African country. The renewal, which is worth more than US$94,225 million, ends speculation around the future of the mobile network operator in the country. The fee is payable as a spectrum fee for the five-year ...

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Safaricom secures M-PESA partnerships with banks

Rwanda Mobile money

NAIROBI, (CAJ News) – SAFARICOM, Kenya ‘s leading  mobile operator, has partnered with a number of banks to enable real-time transfer of funds. The partnership with eight more financial institutions enables businesses which use Lipa Na M-PESA to transfer funds from their Lipa Na M-PESA tills to their bank accounts any day of the week. The new partnerships with KCB, ...

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BREAKING :JSE halts trade on MTN Group

JOHANNESBURG, (CAJ News) – THE MTN Group’s woes emanating from its hefty fine in Nigeria have taken a new twist after the Johannesburg Stock Exchange suspended all trade of stock of the mobile network operator. John Burke, Director Issuer Regulation at the JSE, confirmed the development. “The JSE has halted all trading on MTN Group Limited. Trading will resume as soon as ...

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BREAKING : MTN Nigeria suffers new setback

Mteto Nyati, MTN SA new CEO

ABUJA, (CAJ News) – MTN Nigeria has failed in its attempts to have its landmark N1,04 trillion (US$5,2 billion fine the Nigerian Communications Commission (NCC) imposed on it lowered, it has emerged. This follows a series of meetings between MTN management team from South Africa and Nigeria with the Vice President, Prof. Yemi Osinbajo. An official of the telecommunications company, ...

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EXCLUSIVE: Record fine leaves SA’s MTN in a quandary in Nigeria

MTN Centre in Kigali, Rwanda

from AUGUSTINE OSAYANDE in Lagos and SAVIOUS KWINIKA in Johannesburg LAGOS, (CAJ News) – MTN, the continent’s largest network operator by market share, finds itself in a lurch in its biggest market after the Nigeria Communications Commission fined it heavily for allegedly undermining efforts by the government to tackle security challenges and the war against terror and allied crimes. This ...

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Mobile industry reacts to record NCC penalty

ABUJA, (CAJ News) – MOBILE network operators have denounced the fine the Nigerian Communications Commission (NCC) has imposed on fellow operator,MTN Nigeria. The country’s biggest operator has been slapped with a fine of more than N1 trillion for failing to deactivate unregistered subscriber indentify module (SIM) cards on their network, in line with directives by NCC. It is the biggest fine NCC ...

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Mobile telco reacts to hefty NCC fine

MTN Centre in Kigali, Rwanda

JOHANNESBURG, (CAJ News) – MTN has confirmed discussions were ongoing with the Nigerian Communications Commission (NCC) after it fined it heftily for allegedly undermining efforts by the Nigerian government to tackle security challenges and the war on terror and allied crimes. This follows the failure to disconnect subscribers with unregistered and incomplete subscriber identification modules (SIM) cards within the stipulated time. On ...

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MTN most valued, admired brand in Africa

JOHANNESBURG, (CAJ News) – MTN, the mobile network operator, has emerged the biggest winner at the Brand Africa 100: Africa’s Best Brands. At the fourth edition of the awards held in Johannesburg, South Africa, MTN won in the Most Admired brand (Telecommunications), Most Admired Media brand, Most Admired Brand of African Origin, Most Valuable brand and the Strongest brands categories. ...

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Masiyiwa receives Lifetime Achievement Award

JOHANNESBURG, (CAJ News) – ZIMBABWEAN-born entrepreneur, Dr Strive Masiyiwa, has been honoured with a Lifetime Achievement Award at the just-ended Brand Africa 100: Africa’s Best Brands. Masiyiwa (54) is the chairman and founder of Econet Wireless Group, a diversified telecommunications group with operations and investments in Africa, Europe, North America, Latin America and the Asia Pacific. At the fourth edition ...

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