“Globalisation is here” – MTN Group President and CEO Ralph Mupita
BizNews interviews MTN Group President and CEO Ralph Mupita at WEF 2023 in Davos – covering globalisation and market challenges.
BizNews interviews MTN Group President and CEO Ralph Mupita at WEF 2023 in Davos – covering globalisation and market challenges.
IHS Holding is considering the possibility of an IPO. The deal could potentially be the biggest ever listing of an African company in the US.
MTN’s Uganda business head was deported over what police called a national security matter, the latest in a string of headaches that Africa’s biggest wireless carrier has had around the continent.
MTN and four lenders won approval from Nigeria’s central bank to repatriate funds in a ruling last year, indicating Africa’s largest wireless operator is at least now complying with regulations it’s accused of flouting prior to 2015.
MTN fell the most in six months after Africa’s biggest mobile-phone company by sales warned that the reinstatement of economic sanctions in Iran had tied up cash in its second-biggest market while debt rose by 22 percent.
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.
MTN will replace some of the services provided by its cross-town rival Vodacom in a network-sharing deal with Cell C, South Africa’s third-largest mobile-phone operator.
MTN, Africa’s biggest mobile-network operator by sales, said it returned to profit in 2017, recovering from a $1 billion fine it paid for its Nigerian business in the prior period.
MTN is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months.
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.