MTN South Africa CEO steps down as strikes continue and sales decline

MTN Group announced the resignation of Ahmad Farroukh, CEO of its South Africa unit, effective 31 July, as strikes over pay continue and sales decline in the region. Group president and CEO Sifiso Dabengwa described the departure as “unavoidable,” taken …

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ZTE and MTN launch IoT platform in Africa

Chinese vendor ZTE has partnered with Africa’s MTN Group to launch an Internet of Things (IoT) platform, providing a dedicated network to connect devices and systems, as well as a global M2M SIM card in Africa. The platform, already live in …

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MTN Group may be close to acquiring CDMA operator Visafone

Market leader MTN Group could acquire CDMA operator Visafone “very soon” to strengthen its hold on Nigeria’s mobile market, Reuters has reported. However, details about price and size of stake remain sparse for the moment. Visafone was formed in 2008 …

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MTN makes a border crossing

MTN  launched a mobile money service between Ivory Coast and Benin, the latest example of such cross-border capability being introduced in Africa. “The new service will take advantage of the extensive distribution network of MTN Mobile Money in both countries, …

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