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MTN Nigeria secures US$99m from EIB for its 4G network expansion programme 

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NIGERIA – The European Investment Bank (EIB) has agreed to €100 million (US$99.63m) financing with MTN Nigeria Communications Plc (MTN Nigeria) to support the telecommunications company’s network expansion programme.  The investment will aid the acceleration of 4G coverage in Nigeria and expand broadband access in line with MTN’s Ambition 2025 strategy.  Karl Toriola, Chief Executive Officer, MTN Nigeria, said, “We are committed to leading digital solutions for Nigeria’s progress. This…

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MTN Groups appoints new Chief Consumer Officer and Chief Strategy and Transformation Officer

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AFRICA – Telecoms company MTN Group, has announced a review of its executive structure as the company gears up to deliver on its Ambition 2025 strategy to transform from a Telco to a TechCo. In line with this strategic shift, the company has appointed Ernst Fonternel into the role of Chief Consumer Officer and Divyesh Joshi into the role of…

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Telecoms company MTN appoints new CEOs for Cameroon, Rwanda and Uganda

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AFRICA – MTN Group, a multinational mobile telecommunications company, has announced the appointment of new CEOs for operations in Cameroon, Rwanda and Uganda effective 1 September 2022. MTN Rwanda CEO Mitwa Ng’ambi becomes CEO of MTN Cameroon, replacing Stephen Blewett, who is leaving the Group. “My thanks to Stephen for his valuable contribution to the MTN Group over the years…

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IHS Towers receives regulatory approval to acquire tower assets from MTN

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SOUTH AFRICA – IHS Towers, a telecommunications infrastructure provider in Africa, has completed the acquisition of over 5 000 MTN towers in SA, in a deal that will see the New York Stock Exchange-listed tower company fork out R6.4 billion (US$411.94m). MTN announced the completion of the transaction, saying it received the necessary regulatory approval from anti-trust authorities. IHS Towers…

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BT partners MTN to offer business services across Africa

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AFRICA – UK-based telco BT and pan-African mobile operator MTN have announced a collaboration that will see customers across Africa benefiting from cloud-based security and communications services. A new strategic partnership announced this week will see BT’s business services become available to MTN’s enterprise customers. New and existing MTN Business customers will get access to a raft of solutions, including…

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Tech company JUMO partners MTN Uganda to launch new credit service

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UGANDA – JUMO, a technology company building next-generation financial services for emerging markets, has partnered with MTN Mobile Money Uganda Limited to launch MoSente, a new credit service that will afford the people of Uganda more choice when it comes to mobile lending services. MoSente is a convenient way for MTN customers to access credit facilities. Customers can borrow at…

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Nigeria grants MTN licence for mobile money banking service

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NIGERIA – The Central Bank of Nigeria has approved the licence for MTN’s Mobile Money (MoMo) Payment Service Bank in the country, extending its services to wider banking operations. Mobile money is a growing contributor to MTN Nigeria’s income, and the new banking licence would allow the company to explore growth opportunities presented by the country’s unbanked population. MTN Group…

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South Africa’s Icasa raises US$961m in high-demand radio spectrum auction

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SOUTH AFRICA – The Independent Communications Authority of South Africa (Icasa) has announced that it had raised R14.4 billion (US$961.33m) from the high-demand radio frequency spectrum auction, which would go to the national fiscus. The auction involved six qualified bidders: Cell C, Liquid Intelligent Technologies, MTN, Rain Networks, Telkom and Vodacom. Icasa confirmed in a statement yesterday that there was…

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Ericsson partners Econet to launch 5G in Zimbabwe, upgrades TMCEL’s mKesh

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AFRICA – Econet Wireless Zimbabwe, has partnered with Ericsson to launch 5G services in Harare, Zimbabwe, in a significant milestone for the Zimbabwe Stock Exchange-listed mobile network operator and in light of Econet’s digital transformation journey. Ericsson will support Econet with its latest energy-efficient and high-performing Radio Access Network (RAN) and 5G Evolved Packet Core (EPC) solutions for 5G deployment…

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MTN enters Metaverse with land ownership on Africarare

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AFRICA – MTN has announced that it has become the first African company to enter the metaverse by purchasing land in Africarare, one of Africa’s first virtual reality metaverses. Africarare which made its debut in South Africa in October 2021, is the first African Virtual Reality metaverse featuring digital land. MTN with this purchase laid claim to becoming the first…

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