Telefónica has announced a US$1.2 billion deal to sell its entire stake in its Argentinian unit to Telecom Argentina, though the transaction could be blocked by government intervention over competition concerns.
MTN’s super-app Ayoba had 35 million monthly active users in 2023 a year-on-year increase from 20 million due to feature upgrades and expansion into new markets, and now the operator aims to chase growth through expanding its B2B front.
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.