Tag Archives: mtn

By Duncan McLeod `It’s hard moving on’ It’s difficult to let go.” Phuthuma Nhleko, MTN’s group president and CEO, sounds almost rueful when I ask him why he’s decided to hang up his hat at the mobile operator. “You do a lot of soul searching,” he tells me in an …

By Independent Team MTN’s Average Revenue per User (ARPU) which describes how much money each subscriber spends on average on the network has declined, according to its latest figures. Following on a pattern set in the past, Ugandans have continued to spend less on phone calls as they make shorter …

By Patrick Kagenda MTN has set a precident in acquiring quick money from Uganda’s financial market. It is the first to raise money through a syndicated loan in the country’s history. Will other corporations also follow? Bank of Uganda Governor Tumusime Mutebile says MTN’s Shs 200 billion syndicated bank loan …

By Independent Reporter MTN has demonstrated that innovative solutions can drive economic development even in the most under serviced areas. The company has pioneered many innovations in cellular and technological industries. Africa is the world’s fastest-growing mobile phone market with more than 40% of Africa’s population having access to a …

By The Independent Team FITCH ratings have affirmed MTN Group Limited’s National Long-term ratings at AA, with Stable Outlook. The rating agency said the affirmation reflects strong subscriber growth in MTN’s markets that have relatively low mobile penetration. The Stable Outlook reflects Fitch’s view that MTN’s business profile remains well …

By Independent Team & Agencies New study predicts mobile penetration hits 40% A new report from Pyramid Research indicates that mobile penetration in Uganda is expected to increase from 39 percent in 2009 to about 70 percent by 2014. This jump will be driven by the successful liberalization of the …