MTN Group appoints Ralph Mupita group president and CEO
MTN CFO, Ralph Mupita, has been appointed as the Group President and CEO of the telecommunications giant. He will replace Rob Shuter on September 1st.
MTN CFO, Ralph Mupita, has been appointed as the Group President and CEO of the telecommunications giant. He will replace Rob Shuter on September 1st.
MTN’s group president and CEO Rob Shuter will step down from his role at the end of his fixed four-year contract in March 2021, says the mobile firm.
While the rest of the world races to deploy next-generation 5G wireless technology, Africa is lagging behind, mainly because of poor consumers’ inability to pay for fast data services and devices.
Elise Burns-Hoffman has been an MTN customer for approximately 22 years, in spite of her entire family having moved to Vodacom.
MTN’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.
Mobile network MTN isn’t walking away from its Nigerian operation anytime soon and if anything, it’s looking to expand its services in that country.
MTN increased sales from operations by 10 percent from a year earlier and added 2.5 million subscribers in the third quarter despite regulatory pressures in its largest markets.
With around 54 million subscribers in Nigeria, MTN is not going to walk away from the West African country that easily.
Trump’s decision to withdraw from an international nuclear deal with Iran and reimpose an embargo on energy and financial sectors is proving a headache for MTN and other international companies.
With Ramaphosa winning the ANC leadership race, some positivity has been reflected in the strength on the Rand against foreign currencies, in particular the US dollar.