Browsing: MTN South Africa

Telkom Business has announced the introduction of Telkom Lend, a platform that will enable small businesses to seek money online and receive a response within one day.

  • Telkom Business has announced the introduction of Telkom Lend. This platform will enable small businesses to seek money online and receive a response within one-day
  • companies are now in charge of their own payments. With funding offers ranging from US$1,175 ( R20,000) to US$ 293,834 (R5 million ) based on monthly revenue, the money can be paid back over three to twelve months on a daily or weekly basis
  • The eligibility of applications is determined using Telkom’s proprietary automated scoring mechanism. This saves time and allows entrepreneurs to focus on their enterprises
  • Applicants seeking funding must have been in business for at least six months, have a monthly revenue of at least  US$1,763 (R30,000), and have at least three months of trading
  • South African mobile giant MTN (MTNJ.J) is in talks to buy smaller rival Telkom (TKGJ.J) in a deal that would leapfrog market leader Vodacom Group
  • Shares of Telkom were trading higher by 33.3 per cent at 44.6 rands as of 12:58 GMT, putting them on track for their best single-day gain on record
  • MTN would gain access to Telkom’s fibre infrastructure due to the proposed purchase worth more than one billion dollars

South African mobile giant MTN is in talks to buy smaller rival Telkom in a deal that would leapfrog market leader Vodacom Group.

The transaction is being discussed as an all-stock or cash-and-shares transaction (VODJ.J).

MTN has been considering Telkom’s acquisition for a considerable time. Since the South African Competition Commission vetoed an attempt by MTN to buy Telkom’s radio access network in 2014 due to the impact that it would have on limiting market competition, rumours of …

MTN, South African multinational mobile telecommunications company is expecting to gather full-year headline profit up to 50 per cent, which is still a slow-down from the previous years attributed by interest on regulatory fines in Nigeria, Reuters reported.

According to Reuters, MTN, which is due to report 2019 results on March 11, 2020, said headline earnings per share (HEPS) would likely be within a range of 438 cents to 506 cents on the IFRS 16 accounting basis adopted at the start of the year.

That compares to 337 cents in the previous year. On a like-for-like IAS 17 accounting basis, MTN expects to report growth in HEPS – a key profit measure in South Africa that strips out one-off items – of between 55 per cent and 75 per cent.

However, that is still slower than the 85 per cent jump the company reported in 2018. It attributed the …