Search results for "MTN"

MTN Backs Africa’s First Metaverse

Africa’s homegrown telco giant MTN is creating a village in Ubuntuland, Africa’s first metaverse. The telco is keeping a promise it made 18 months ago. Ubuntuland takes its name from the Zulu and Xhosa word Ubuntu, which means ‘humanity to others’. It’s an appropriated word to encourage respect and tolerance. It has been a much-needed […]

Mastercard’s Giant African Partnership with MTN

It’s a significant move that complements the focus on emerging fintech in Africa. Mastercard is to acquire a minority stake in MTN’s fintech division. This partnership with MTN appears as a Memorandum of Understanding announced in the company’s 2023 group results for the first half of the year. Due diligence is currently underway, and the […]

MTN Commits to $1 Billion Ghana Investment after Government Scraps Tax Claim

MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company’s bill for back taxes earlier this month after […]

South Africa’s MTN Group Buys Land in the Metaverse

South African mobile telecom firm MTN Group Limited announced on Monday that it will be the first company to join the metaverse league by acquiring land in Africarare, unleashing African innovation, and connecting the continent to the global digital economy. In October 2021, Africarare marked its presence in South Africa as the continent’s first Virtual […]

MTN supports South Africa in ongoing auction

MTN Group opposed a legal challenge raised by Telkom South Africa to prevent the country’s communications regulator from holding a spectrum auction in March.  Last week, Telkom reportedly filed an application asking a high court to review an invitation by the Independent Communications Authority of South Africa (ICASA) to participate in the auction, which outlines rules, spectrum […]

MTN, Mafab winners for 3.5GHz spectrum in Nigerian auction

Mafab Communications Ltd and MTN Nigeria emerged as the two successful winners of the 3.5 gigahertz (GHz) spectrum auction for the deployment of fifth generation (5G) technology to support the delivery of global broadband services in Nigeria. after 11 rounds of bidding that lasted eight hours. While the two operators qualified, earlier this month, to […]