MTN Group Ltd (LL6.DU)
- Bloomberg
MTN Board Supports CEO After Probing Favoritism Allegations
(Bloomberg) -- MTN Group Ltd.’s board said it supports Chief Executive Officer Ralph Mupita, after an investigation by an independent law firm tapped to look into allegations of improper conduct by the African wireless carrier’s executives didn’t find evidence of wrongdoing. Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisThe Outsized Cost o
- Reuters
South Africa's telco industry calls for tech firms to help fund infrastructure
South Africa's telecoms industry body is pushing for digital content and service providers to help pay for the roll out of network infrastructure because they generate a huge part of the internet traffic. The Association of Comms and Technology (ACT) CEO Nomvuyiso Batyi said that the revenues generated by over-the-top (OTT) platforms and the continued success of the OTT model was dependent on the availability of high-quality, reliable and efficient network infrastructure. So "what we're saying is that the OTTs should contribute towards the network upgrades, the network building," she added.
- Bloomberg
MTN Has First Loss Since 2016 as Naira’s Slump Hits Biggest Unit
(Bloomberg) -- MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoThe group reported a loss of 7.39 billion ra
