The US-based company's subsidiary lauds the latest move to emerge from Chapter 11 following a deal with creditors.
It has entered into a Plan Support Agreement with holders of over 50% of its first lien debt, including certain members of the Ad Hoc Group of First Lien Creditors.
The planned acquisition of a 35% stake in the Kenyan mobile operator has been finalised and all regulatory approvals and conditions have been met.
The target is based on demographic trend predictions which underpin growth across MTN's 22 markets, says group CEO Rob Shuter.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The long-awaited restructuring has been implemented and Blue Label Telecoms now owns 45% of the mobile operator.?
Anyone can register a new .Africa domain on the Domains.co.za Web site at a cost of R350 for a standard domain name.
Although more organisations expect blockchain to be integrated into their systems, some may have underestimated the scale of blockchain challenges.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
After raising R10.5?million earlier this year, Nesa opens its second capital raising round.
The telco's subscriber base has been impacted by its initiative to modernise subscriber definitions, but Rob Shuter believes this will be positive in the long run.
The South Africa 40 could be set to offer some unexpected value in the coming months, says ICS Digital.
There is no doubt small businesses are feeling the effects of the technical recession, says Nedbank.
Developing ideas that will make fintech more efficient, the 10 Barclays Accelerator businesses are set to shake-up the sector.