28 C
Lagos, South Africa and New York
Wednesday, June 3, 2020

MTN deal with Cell C knocks shares in S.Africa’s Telkom

JOHANNESBURG (Reuters) - South Africa’s MTN Group has signed an expanded roaming agreement with the country’s third-biggest carrier Cell C, pushing shares in its owner up while dragging those of rival Telkom down. The deal puts a dampener on Telkom’s proposed takeover of Cell C,...

MTN SA cancels $300m stake sale in Mascom Wireless Botswana

South African telecoms major MTN Group Ltd has ditched a plan to sell its 53% stake in Mascom Wireless Botswana, which was supposed to net the company $300 million. Africa’s largest mobile operator by subscribers said in a quarterly update on Thursday that certain conditions...

MTN Nigeria deactivates 600,000 subscribers

MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate partially registered SIM cards. The telecommunication company recorded 61.6 million subscribers at the end of the third quarter, adding 100,000 users quarter on quarter, the...

MTN Nigeria Succumbs to CBN’s Pressure on USSD Charges

MTN Nigeria yesterday confirmed that it has suspended its plan to implement charges around the Unstructured Supplementary Service Data (USSD) code being used for bank transactions. The suspension came on the heels of the directive given by the Minister of Communications, Dr. Isa Pantami, calling...

Nigeria may slap telcos N5m fine over unscreened calls

Telecommunications operators in the country are to henceforth monitor and keep record of calls and other communications passing through their networks and must be ready to submit same to security agencies whenever the need arises. According to ‘Lawful Interception Regulation,’ which has been gazetted by...

9% Communication Service Tax: Stakeholders worry on double taxation on consumers

Making phone calls, surfing the web and watching TV in Nigeria could be about to become more expensive. The 9 percent Communication Service Tax (CST) that was previously suspended by the 8th National Assembly has resurfaced in the 9th NASS and is being considered for...

Helios Towers launches up to $1.8 bln London IPO -source

LONDON (Reuters) - African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a source familiar with the matter told Reuters, implying a total valuation of $1.42 billion to $1.79 billion. The company, which operates...

Telecoms Sub-sector Lost N221bn in Two Years

Value Added Service (VAS) operators, a sub-sector in the telecoms industry, operating under the aegis of Wireless Application Service Providers Association of Nigeria (WASPAN), has decried the heavy loss it incurred in the last two years, amounting to N221 billion. WASPAN National Coordinator, Mr. Chijioke...

Google to pay $170m fine for sharing YouTube kids data

Google agreed to pay a $170 million fine to settle charges that it illegally collected and shared data from children on its YouTube video service without the consent of parents, US officials announced Wednesday. The settlement with the Federal Trade Commission and the New York...

Airtel Africa becomes Nigeria’s second largest mobile network as subscription hits 174.67m

Nigeria’s major telecommunications operators recorded a total of 174.67million subscribers in July, the latest monthly report on subscribers obtained from the Nigerian Communications Commission has shown. In just one month, the industry statistics showed that the telcos gained 919,025 new subscribers as the industry had...