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MTN extends Ericsson mobile money contract for 5 years, to launch in more markets

2019-02-28 15:08:00| Telecompaper Headlines

(Telecompaper) MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East. The new contract includes deployment of Ericsson Wallet Platform in new markets on top of the existing 13 countries.

Tags: more years money mobile

MTN denies bribery of former South African ambassador to Iran

2019-02-19 09:26:00| Telecompaper Headlines

(Telecompaper) MTN Group has reiterated its denial of bribery allegations linked to securing its GSM licence in Iran in 2005, ITWeb reported. MTN says it has consistently denied there is any credible evidence that it promised any money to former South African ambassador to Iran, Yusuf Saloojee, or that Saloojee accepted money from MTN.

Tags: to south african iran

MTN announces deportation of MTN Uganda CEO

2019-02-15 10:58:00| Telecompaper Headlines

(Telecompaper) MTN Group has announced that Wim Vanhelleputte, the CEO of MTN Uganda, has been deported from that country. MTN said that it has not been notified of the grounds for the deportation and is working to establish the precise reasons. The group expressed concern about these developments and said it is engaging with the authorities to seek understanding and resolve the matter.

Tags: ceo uganda announces mtn

Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

Tags: report cut usd debt