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Vodacom petitions top Congo court to cancel withdrawal of permit

By: Bloomberg     12th June 2019 Vodacom Group’s unit in the Democratic Republic of Congo petitioned the nation’s top administrative court to reverse a government order withdrawing its second-generation (2G) license. A directive signed by Telecommunications Minister Emery Okundji in April threatens to disconnect some of Vodacom... 

MTN top investor forced board shakeup in push for fewer disputes

By: Bloomberg     4th June 2019 MTN Group's biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years. The Public Investment Corporation built a 26% stake in Johannesburg-based... 

Three things to learn from Jarana's exit as CEO of SAA 

By: Bloomberg     4th June 2019 South African Airways’ (SAA's) prospects of surviving in its current form took a hit over the weekend when news broke that CEO Vuyani Jarana quit over a lack of government support. The National Treasury isn’t committing to an agreement to put R21.7-billion toward the State-owned carrier’s 2021... 

SAA's Jarana quits over lack of State support

By: Bloomberg     3rd June 2019 South African Airways (SAA) CEO Vuyani Jarana quit the financially stricken State-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan. The former Vodacom Group executive was brought in about 18 months ago to lead a recovery at the airline,... 

SA data pricing transformation key to future growth – Vodacom

By: Natasha Odendaal     31st May 2019 A successful data pricing transformation and reducing the cost to communicate will be key for the future growth of telecommunications giant Vodacom. The initial financial impacts of further reducing the cost-to-communicate in South Africa, combined with costs associated with concluding its new... 

MTN eyes Ethiopia entry as country prepares to open market

By: Bloomberg     30th May 2019 MTN Group has identified Ethiopia as a rare new market into which Africa’s largest wireless carrier wants to expand. “There are a few large markets that are under-penetrated and where there is scope for a No. 1 or No. 2 operator, like Ethiopia,” CEO Rob Shuter said in an interview at Bloomberg’s... 

Vodacom permit dispute threatens to disconnect Congo clients

By: Bloomberg     28th May 2019 Vodacom Group’s unit in the Democratic Republic of Congo (DRC) will lose the right to provide second-generation (2G) services this week unless it renews a disputed licence, according to a government order. The directive threatens to disconnect some of Vodacom Congo’s 11.8-million customers who’ve... 

Vodacom to buy IoT.nxt to accelerate IoT strategy

By: Natasha Odendaal     24th May 2019 JSE-listed Vodacom is planning to acquire a majority stake in end-to-end Internet of Things (IoT) solutions provider IoT.nxt for an undisclosed amount to provide traction for its own IoT strategy and transform its dedicated IoT business unit. The acquisition will enable Vodacom to operate across... 

Three companies join forces to launch EMVAfrica brand 

23rd May 2019 Energy Engineered Products, Multi-Alloys and E-Metals Cape have joined forces under the EMVAfrica umbrella to create what they call “a dynamic, single-source solutions provider and service suit”. Simone Liedtke gives us the details. 

Vodacom reports full-year profit decline, but rise in service revenue 

By: Natasha Odendaal     13th May 2019 JSE-listed Vodacom on Monday posted muted growth in earnings and a rise in service revenue for the financial year ended March 31. The telecommunications giant reported earnings a share of 867c for the 12 months under review, an 8.7% decline on the prior year, along with a 6.6% year-on-year... 

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