MTN and Bharti decided to terminate merger talks, the national treasury said on Wednesday after talks between finance minister Pravin Gordhan, MTN chairman Cyril Ramaphosa and CEO Phuthuma Nhleko.
“MTN advised the minister that the two companies have mutually decided to terminate further discussions on the proposed merger, as they were not able to conclude all [...]
India’s top mobile company Bharti Airtel said on Wednesday it and
SA cellular flagship MTN Group had decided to end tie-up
talks aimed at creating an emerging-market cellphone powerhouse.
“Bharti and MTN have decided to disengage from their discussions
when the exclusivity period ends on 30 September 2009,” Bharti
said in a statement.
“This structure needed an [...]
SA consumers got their first taste of a broadband price war last week when a small Internet service provider, Afrihost, slashed the price of bandwidth to below cost. It’s a promising start, but matters little until Telkom is forced to open its network to rivals. It was a ballsy move. Last week, Afrihost cut the cost of fixed-line bandwidth on broadband digital subscriber lines to just R29/GB. To put that in perspective, the average selling price for this type of bandwidth has, until now, been R50-R70/GB
Apple introduced its first iPod on 23 October 2001. Almost eight years later, and no other product has come close to the unseating the digital music player.
Microsoft has been trying hard with the Zune and Zune HD, but it’s failing to gain much traction. And the products developed by Asian manufacturers, though generally cheaper, are [...]
JSE-listed technology group Altech is considering ramping up its investments in telecommunications infrastructure in SA and West Africa, effectively replicating its investments in East Africa.
Altech CEO Craig Venter, pictured, is cautious about how much he says about the group’s strategic plans in this regard. However, speaking to TechCentral after the release of the group’s interim [...]
Shares in Bharti Airtel rose Tuesday as investors awaited an
announcement by the top Indian mobile firm and SA’s flagship group MTN on plans for a groundbreaking tie-up.
Shares of Bharti Airtel rose 1% percent or 4,50 rupees to
418,85 a day before the deadline to conclude negotiations on
creating an emerging market telecommunications powerhouse.
The estimated US$24bn [...]
First National Bank CEO Michael Jordaan unwittingly sparked a public debate on the future of newspapers recently. Writing in the bank’s weekly e-mail newsletter, he asked employees whether they’d be willing to help the company save more than R1m/ year — and spare the environment — by reading news online instead of having it subscribe to newspapers. Business Day editor Peter Bruce picked up on this communication and challenged Jordaan’s views in defence of his paper’s print income stream
The SA Post Office said on Tuesday its banking unit will become a separate company. Postbank would be “corporatised” in 2010 as a stand-alone company within the Sapo group.
This was so that Postbank could be better positioned “to provide a wider range of accessible, relevant and affordable financial services products to the unbanked and under [...]
Nearly half a million South Africans have ported their telephone numbers from one mobile network operator to another.
That’s the word from Number Portability Company GM Clive Fagan, pictured, who says he expects the country will reach the 500 000 mark before the end of 2009, two years after the launch of the system that allows [...]
