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Wireless Telecommunications Services

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MTN reports H1 headline loss, says in the process of review

Friday, 5 Aug 2016 01:20am EDT

MTN Group Ltd : JSE: MTN - reviewed condensed consolidated interim financial results for the six months ended June 30 2016 . H1 revenue increased by 14.0 pct to R78.88 bln . Says H1 headline loss per share of 271 cents . Interim dividend of 250 cents per share . Says H1 EBITDA decreased by 3.3 pct (25.9 pct.) to 29.27 bln . Group subscribers remained flat at 232.6 million from Dec. 31 2015 . Nigeria regulatory fine re-measurement impact of r10.5 billion . Says depreciation of local currencies against U.S. dollar had a substantial impact on group's results . Brett Goschen, group Chief Financial Officer will be leaving MTN effective Sept. 30 2016. . Hopes to appoint a new cfo before year-end. . Will embark on a process of housing new revenue streams, particularly digital services, outside core business. . New revenue streams are expected to increase their contribution to revenue over next 12-18 months. . MTN aims to list MTN Nigeria on Nigerian Stock Exchange during 2017 . Says anticipate a positive growth trend in South Africa . Gunter Engling, currently CEO of MTN Rwanda and previously group finance executive, will assume position of acting group CFO . In process of undertaking, with external assistance, a deep and fundamental strategic review of its operations and processes . Says will also continue to seek value-accretive expansion opportunities in selected geographies across africa and middle east.

Vodafone names two new senior management members

Friday, 29 Jul 2016 04:03am EDT

Vodafone Group Plc : Senior management appointments . Vivek Badrinath as chief executive, africa, middle east, asia-pacific (amap) region . Appointment of Serpil Timuray as chief commercial operations and strategy officer . Appointments are effective October 15 . Serpil Timuray will remain on group executive committee and Vivek Badrinath will join committee .Both will report to Vodafone group chief executive Vittorio Colao.

Russia's Megafon says Q2 profit halves to 7 bln rbls

Wednesday, 27 Jul 2016 01:56am EDT

Megafon says: Q2 profit for the period at 7.1 billion roubles ($107.5 million), down from 12.9 billion roubles in Q2 2015; . Q2 revenue at 78.7 billion roubles, up from 76.1 billion roubles in Q2 2015. Further company coverage: [MFON.MM] ($1 = 66.0518 roubles) (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).

Bharti Airtel seeks members' nod for appointment of Rakesh Bharti Mittal as director

Monday, 25 Jul 2016 11:35pm EDT

Bharti Airtel Ltd : Says seeks members' nod for appointment of Rakesh Bharti Mittal as a director liable to retire by rotation . Says seeks members' nod for re-appointment of Sunil Bharti Mittal as the chairman of the company .

TeamTalk appoints new CEO Andrew Miller

Tuesday, 19 Jul 2016 05:39pm EDT

TeamTalk Ltd : TeamTalk appoints new CEO . Appointed former CEO and managing director of Alcatel-Lucent Nz & Pacific Islands Andrew Miller to be its new chief executive .

Vodafone names exec changes in UK, European markets

Tuesday, 19 Jul 2016 04:00am EDT

Vodafone Group Plc : Vodafone group enterprise chief executive Nick Jeffery has been appointed as Chief Executive of Vodafone UK, succeeding Jeroen Hoencamp. .Vodafone Egypt chief executive Ahmed Essam has been appointed as chief executive overseeing other European markets.

Vodafone says Jeroen Hoencamp to be appointed CEO of Netherlands JV

Tuesday, 19 Jul 2016 04:00am EDT

Vodafone Group Plc : Senior appointments for proposed netherlands jv . Jeroen hoencamp to be appointed chief executive and Ritchy Drost to be appointed chief financial officer for Netherlands JV . Jeroen Hoencamp to be appointed chief executive and Ritchy Drost to be appointed chief financial officer upon completion of transaction . Ziggo chief executive Baptiest Coopmans will remain in his current position as CEO until completion of transaction, after which he will join supervisory board of jv . Vodafone Netherlands cfo carmen velthuis will remain in current position until merger has completed; will announce subsequent assignment in due course . Vodafone Group also announced that jeroen hoencamp will assume position of chief executive of vodafone netherlands, effective 1 september 2016 .Ritchy Drost is currently chief financial officer of ziggo.

Bonheur: Richard Olav Aa appointed CFO at Fred. Olsen & Co

Wednesday, 13 Jul 2016 07:45am EDT

Bonheur ASA : Says Richard Olav Aa has been appointed as CFO with Fred. Olsen & Co from Oct. 1, 2016 . He succeeds Jan Peter Valheim who is due to retire end September 2016 .His most recent position was as CFO of Telenor ASA .

Domino's Pizza names Vodafone's Rachel Osborne as CFO

Monday, 11 Jul 2016 05:00am EDT

Domino's Pizza Group Plc : Agreed to appoint Rachel Osborne as an executive director and chief financial officer of company . Expected that she will join company and board and assume role of CFO from mid-October 2016 .Osborne is currently finance director - group commercial and enterprise for Vodafone.

Idea Cellular designates Akshaya Moondra as whole-time director, CFO

Friday, 8 Jul 2016 07:20am EDT

Idea Cellular Ltd : Appointed akshaya moondra as a whole-time director, designated as "whole time director and chief financial officer" .

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