MTN’s week began as badly as it had the week before – for the second Monday on the trot, it was greeted by a plunging share price. This time it was sold down by as much as 10% on the back of
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Vast Networks, billed as Africa’s first open-access Wi-Fi infrastructure operator, plans big expansion in the coming years as it looks first to consolidate the networks it’s inherited and then expand
Computer game publisher Activision Blizzard has this week announced that it intends to buy King Digital, the makers of Candy Crush Saga, for US$5,9bn. Unlike competitors such as Zynga, King Digital
Recently, a New York Times article on Russian submarine activity near undersea communications cables dredged up Cold War politics and generated widespread recognition of the submerged systems we all depend upon. Not many people realise that undersea
It has been an eventful year in South Africa, characterised by power cuts, parliamentary confrontations about wasteful expenditure and student fee protests. There has, however, been an elephant in the room that has impacted all these issues but enjoyed surprisingly scarce attention
MTN has dominated headlines for all the wrong reasons since news of the Nigerian fine hit the headlines last Monday. The company’s share price fell by more than 22% in the week that followed. There has been a lot of criticism directed at management for this mess as it appears to have
MTN has enlisted the help of the South African government and is meeting with Nigerian officials “at the highest level” as it moves to fight off a damaging US$5,2bn fine by the Nigerian
South Africa’s television set-top box tender is coming under the spotlight as an investigation has been launched into its procurement process. Replying to questions from an ANC member in the national council of provinces in parliament on Thursday, the department of
On Monday, the market learnt that the Nigerian Communications Commission (NCC) had hit MTN with a fine of1,04 trillion naira for failing to deactivate unregistered Sim cards by a regulatory deadline. The fine, which equates to more than R70bn, is more than twice the entire group’s
Cyber attacks such as that recently suffered by telecoms firm TalkTalk can result in hair-raisingly large losses: TalkTalk may have lost the details of 4m customers, while in just the last few months