MTN plunged nearly 8 percent on Wednesday as its high debt and offshore woes rattled the markets, despite the group increasing its subscriber base by 6 million heads in the six months ended June.
Telecoms companies in South Africa are gearing up to improve mobile broadband services following the launch of the country’s first 5G trials, although sector regulations may delay rollout in the near future.
MTN expects to swing back into profit in the first half of its financial year after a 330 billion naira ($1.1 billion) fine paid in the previous reporting period weighed on margins, the company said on Thursday.
Emira Property Fund is continuing its strategic portfolio enhancement programme across the country and has achieved milestone upgrades for several key performing properties in Cape Town.
The Western Cape Emergency Care College Tygerberg Hospital Campus is the first healthcare facility to receive a state-of-the-art multimedia centre in the Western Cape. The provision of the 40 seater state-of-the-art multimedia centre marks an important milestone for the facility as it will extend the reach of the facility to all the corners of the Western Cape.
THE fusion of lifestyle and technology is becoming a 21st century norm as people continue to incorporate evolving technologies into their daily lives. More and more professionals are working from home, or on the go, whilst travelling and children are connecting to play online games or engage with social media and especially study online.
MTN Business, the enterprise services arm of mobile operator MTN, intends pursuing partnerships with IT companies as well as acquisitions as it seeks to grow its contribution to group revenues to 20% within the next three years.
Teraco’s Cape Town data centre continues to grow on the back of strong demand for vendor neutral data centre colocation services.