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Bharti hires former MTN exec to head Africa ops

2013-08-28 02:00:00| Total Telecom industry news

Christian de Faria to take on new role from 1 January.

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MTN forecasts stronger growth in H2

2013-08-14 09:22:00| Telecompaper Headlines

(Telecompaper) MTN Group reported a 9.8 percent increase in revenue for the first half of 2013 to ZAR 65.24 billion, despite a negative impact from regulatory tariff cuts in its largest markets Nigeria and South Africa. Revenues were helped by the weaker rand versus the dollar, with organic growth at 1.9 percent. EBITDA increased 6.4 percent to ZAR 27.74 billion, and the EBITDA margin was stable at 42.5 percent after excluding the profit from tower sales in Ivory Coast and Cameroon. Group subscribers increased 6.5 percent year-on-year to 201.5 million at the end of June. At the end of July, the mobile operator recorded a total of 200 million subscribers after adjusting for the 3.2 million disconnections in Nigeria related to the mandatory subscriber registration programme there, which closed on 30 June. Group depreciation increased by 19.0 percent as the group accelerated its capex, and amortisation costs rose by 32.5 percent, driven by increased spend on software. Headline earnings per share still increased 22.0 percent to ZAR 6.54, and reported EPS was up 19.0 percent to ZAR 6.84, helped by a one-time forex effect from the reclassification of a loan to MTN Syria. MTN's capex increased 32.7 percent to ZAR 12.79 billion over the six months, as it added 2,130 2G and 1,800 3G sites in the period. MTN expects improved organic growth in revenues and EBITDA in the second half of this year. While South Africa will remain difficult, the Nigerian market should improve, and overall MTN still expects to add 21.1 million new customers in 2013. The company increased its interim dividend by 15.3 percent to ZAR 3.70 per share.

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MTN reports rise in 1H profit, users

2013-08-14 02:00:00| Total Telecom industry news

South African telco had 201.5 million customers at end of June.

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Court Forces Yucca Mtn. Decision on U.S. Nuclear Regulators

2013-08-13 21:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: A federal appeals court ruled today that the Nuclear Regulatory Commission can no longer delay a decision on whether or not to grant a permit to the stalled nuclear waste repository at Yucca Mountain, Nevada. In a 2-1 decision, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ordered the NRC to make up its mind promptly. "The Nuclear Regulatory Commission must promptly continue with the legally mandated licensing process," wrote Judge Brett Kavanaugh for the...

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MTN talks with Reliance Communications stall - report

2013-07-10 10:42:00| Telecompaper Headlines

(Telecompaper) MTN Group and Reliance Communications have put talks to link up on hold, Bloomberg reported, citing three people close to such negotiations. Discussions were initiated this year and might have led to MTN taking about a 24 percent stake in Reliance Communications, another person said, asking not to be identified. A 24 percent stake in Reliance Communications has a market value of about USD 1.2 billion. According to the newswire, South Africa-based MTN had reservations about the industrial framework around the deal. India is in the process of revising its rules governing mergers and acquisitions this year.

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