MTN Nigeria CEO Karl Toriola has defended recent tariff hikes by mobile network operators, stating they are essential for the “survival” of the telecoms industry in Nigeria, despite significant criticism.
MTN Group’s board publicly backed CEO Ralph Mupita after an independent investigation found no evidence to support allegations of misconduct made by executives at the operator.
Indonesian telco XLSmart on Tuesday released its last quarterly results for XL Axiata before last month’s merger with Smartfren, which showed the telco reporting modest growth in revenues and customers but a dramatic slide in its net profit.
ST Telemedia said on Thursday that it will sell the majority of its stake in Malaysian telco U Mobile to local firm Mawar Setiam, which is majority-owned by U Mobile chairman Vincent Tan, in a deal that could see the country’s royal family hold a combi…