Tag: MTN
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Telcos to charge increased 9 percent Communication Service Tax from Oct. 1
Mobile telecoms companies will from October 1, 2019, begin to charge customers the newly adjusted Communication Service Tax (CST). A statement by the Ghana Chamber of Telecoms stated that the 9 percent tax will be borne fully by consumers. The increase in the CST was announced by the Finance Minister Ken Ofori-Atta in his 2019…
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Former AirtelTigo CEO joins MTN
With just one year into its operation after a successful merger, AirtelTigo has lost its first female Chief Executive Officer, Mitwa Kaemba Ng’ambi to Africa’s leading network giant, MTN. Mitwa who vacated her post officially last Friday 13 September 2019 as CEO of Ghana’s second-leading telecom player AirtelTigo, is expected to take up a new…
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MTN dispels rumours it is shutting down mobile money service
Telecommunication company MTN has denied rumours it is shutting down its Mobile Money (MoMo) service in Ghana. MTN said it is incapable of doing so per its regulatory and contractual agreements. “MTN MoMo is not a centralized service being operated at the MTN Group level. Customers’ funds are safely lodged with our 18 partner banks…
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MTN raises US$140 mln from divestment plan
MTN Group Ltd has raised 2.1 billion rand ($140.24 million) from asset sales as part of a divestment plan announced in March, Africa’s largest mobile network by subscribers said on Thursday after reporting a 9.3% drop in earnings. MTN is reviewing a raft of investments under the three-year, 15 billion rand divestment programme as it moves to…
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MTN, stakeholders urge BoG to steer growth of mobile financial services
MTN Ghana, in collaboration with stakeholders, has called on the Bank of Ghana (BoG) to put together regulations that would promote growth in the area of mobile financial services. Eli Hini, the General Manager of Mobile Financial Services, MTN Ghana, made the call on Wednesday at the second stakeholders’ conference organised by MTN in Accra…
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MTN pays 17 million cedis as interests on mobile money
MTN Ghana has commenced payment of 17.1 million cedis to 10,630, 175 customers as interest earned for the first quarter of 2019. The payments commenced on Sunday [April 28, 2019]. A statement from MTN to Citi Business News said the 2019 first quarter payments brings to over 156.2 million cedis in interest paid to Mobile…
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Telcos start payment of interests on mobile money for 2019
Users of mobile money services of the various telecommunication companies should be receiving interests on their wallets for the first quarter of 2019, by the end of this week. It comes on the back of the publication of the interest payment calendar by the Bank of Ghana. The payment calendar for interests on mobile money…
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Asantehene commends MTN for consistency in Telecom sector
Asantehene, Otumfuo Osei Tutu II has admonished telecommunication giant, MTN Ghana to work hard to maintain the successes it has chalked as a company. While commending the company for its consistency in delivering services to the Ghanaian populace, the Asante monarch urged management to continue assisting socio-economic development in the country. The Asantehene made the…
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Telecoms Chamber seeks stay of execution over NCA fines
The Electronic Communications Tribunal will next week, give its ruling on a stay of execution filed by the Chamber of Telecommunications. It follows the latter’s dissatisfaction over a fine for failing to provide quality services as required. The Chamber of Telecommunications last week, petitioned the Electronic Communications Tribunal over fines imposed on them by the…
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Vodafone secures 4G spectrum
Vodafone has won one of the 2×5 MHz frequency spectrum block in the 800 MHz Band frequency spectrum block for mobile services. By this, Vodafone should be providing 4G services for its clients soon. A statement from the NCA to Citi Business News confirmed the acquisition. “The National Communications Authority (NCA) announces for the information…