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Thursday, September 24, 2020

Sim infraction: MTN has paid N165bn so far – NCC

The Nigerian Communications Commission said on Monday that the South African Mobile Telecommunication giant, MTN Nigeria, has so far paid N165billion out of the N300billion fine slammed on the company for SIM registration infractions in 2015. The NCC Executive Vice Chairman, Prof. Umar Garba...

SA’s Vodacom earnings fall 6.6% on black share scheme

JOHANNESBURG - South Africa’s mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors. Headline earnings per share (EPS) for the full-year ended March fell to 862 cents from 923...

Nigerian firm takes blame for routing Google traffic through China

Jane Lanhee Lee, Paresh Dave Lagos Nigeria, Nov 13 - Nigerian internet provider Main One Cable Co took responsibility on Tuesday for a glitch that caused some Google traffic to be temporarily misrouted through China, saying it accidentally caused the problem during a network...

MTN Nigeria eyes M-Pesa business model, launches money transfer service

By Chijioke Ohuocha LAGOS, Aug 29 - Nigeria’s biggest telecoms firm MTN has launched a mobile money transfer service, targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank. The...

MainOne celebrates graduation of 100 AI trainees, launches Reseller Program in Edo state

MainOne recently celebrated the graduation of 100 youths sponsored in Data Science and Artificial Intelligence (AI) training in partnership with EdoJobs. The 30-day intensive training implemented through Coven Works, climaxed in a collaborative ‘Grand Graduation Ceremony’ held at the Edo Production Center, with the...

Singapore Telecom International Buys Additional Shares In Airtel

Airtel Africa PLC said on Thursday that Singapore Telecom International Pte Ltd acquired GBP31.7 million in shares on Wednesday, in respect of Airtel's IPO on Friday last week. Singapore Telecom purchased 39.7 million shares at a price of 80 pence per share, following which...

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...

SA mobile telecom launches commercial 5G mobile network

JOHANNESBURG (Reuters) - Mobile operator Vodacom Group said on Monday it had switched on Africa’s first live 5G mobile network in three cities in South Africa, with further rollouts planned in other parts of the country. Vodacom was recently assigned temporary additional spectrum by South...

South Africa MTN to counter new allegations in U.S. complaint on Anti-Terrorism Act

South Africa MTN has said on Saturday it was considering filing another motion to counter the fresh allegations. “We are reviewing the new material in consultation with our legal advisers,” it said in a written response to questions submitted by Reuters. The company remains “of the...
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