MTN appeals to court to dismiss $4.2bn Turkcell case
MTN Group has asked South Africa’s High Court in Johannesburg to dismiss a $4.2bn damages claim by Turkcell, the latest in a long-running battle.
MTN Group has asked South Africa’s High Court in Johannesburg to dismiss a $4.2bn damages claim by Turkcell, the latest in a long-running battle.
Regulatory issues may see MTN put off plans to list its Nigerian operation until 2018, acting CEO Phuthuma Nhleko said at the WEF annual meeting in Davos.
South Africa’s cabinet approved a proposal backing “open and shared networks” in its attempt to provide all citizens with better access to internet services by 2030.
South Africa’s Telecommunications Ministry filed a suit to block the sale of more than $1 billion of wireless spectrum by the industry regulator, potentially depriving mobile carriers in the country of much-needed capacity to increase high-speed broadband service.
Telkom, South Africa’s biggest landline phone carrier, is cutting prices for mobile data and offering free calls and text messages in a challenge to larger wireless rivals MTN and Vodacom.
MTN Group Ltd., Africa’s largest wireless operator, said subscriber numbers rose 1.8 percent to 227.5 million in the first quarter.
Vodafone Group Plc is running out of patience with South African regulators yet to rule on its local unit’s acquisition of Internet provider Neotel.
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Orange is considering a variety of options including takeovers, partnerships and an initial public offering of its African unit, the people said. It has also looked at certain African assets owned by Millicom International Cellular SA.
Cell C plans to tell regulators next week that its business is threatened by the proposed Vodacom acquisition of Neotel.