CSG announced a multi-year extension to its long-standing relationship with MTN South Africa, the largest mobile network operator in Africa. As part of this new agreement, CSG is advancing and enhancing MTN’s digital ecosystem. This includes migrating MTN’s enterprise and consumer customers to a new end-state systems architecture that will drive future growth and enable rapid delivery of innovative products and services.
MTN Group announced a strong and resilient operational and financial performance in the first quarter of 2021, with growth in service revenue exceeding medium-term guidance, driven by gains in data and fintech revenue.
Airtel Africa maintained a strong and growing profit, as the revenue grew by 14.2% to $3,908m, with Q4'21 reported revenue growth of 15.4%. In addition, Constant currency underlying revenue growth was 19.4%, with Q4'21 growth of 21.7%. Growth was recorded across all regions: Nigeria up 21.9%, East Africa up 23.5% and Francophone Africa up 10%; and across key services, with revenues for voice up 11.0%, data up 31.2% and mobile money up 35.5%. EBITDA earnings was $1,792m, up 18.3% in reported currency, and growing 25.2% in constant currency. As for their margin profits, it was 46.1%, adding 181 basis points (210 basis points higher in constant currency). Underlying EBITDA margin for Q4'21 was 47.7%, an increase of 389 basis points in constant currency.
Etisalat Group has announced its consolidated financial statements for the three months ending 31st March 2021.
Orange is accelerating its solar projects in the Middle East and Africa (MEA) to reduce its carbon footprint to zero by 2040.
Tecnotree, the global provider of digital Business Support Systems (BSS), has announced that 9Mobile, a leading telecom operator of Nigeria, has selected Tecnotree to replace its Wholesale & Carrier Interconnect Billing System.
Telecom Egypt announced its Q1 2021 results for the period ending 31 March 2021. Consolidated revenue came in at EGP 8.4bn, growing 20% YoY on higher data revenue (+37% YoY) constituting 66% of top line growth.
Ethiopia received the bids for nationwide telecom service licenses from two giant telecom operators: MTN Group Ltd. and a consortium of Safaricom (Kenya), Vodafone Group (UK), Vodacom Group (South Africa), CDC Group (UK), and Sumitomo Corporation (Japan), said Brook Taye, an adviser in the Finance Ministry.
MTN Rwanda recently received approval from the National Bank of Rwanda to set up its FinTech subsidiary, Mobile Money Rwanda to provide and manage Mobile Money services in Rwanda.
MTN Group published a suite of 2020 reports – including the Integrated, Sustainability, Transparency and Tax Reports – covering how the Group performed in the year and how it delivered on its commitments to stakeholders.
