Tag: MTN
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MTN absolves staff from mobile money fraud
MTN Ghana has refuted claims that its staff are involved in the recent rise in mobile money fraud cases that have hit the country. An internal inquiry by the Criminal Investigations Department of the Police Service (CID) has revealed that some staff of telecommunication companies are complicit in the rise of mobile money fraud. According…
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NCA yet to approve Tigo, Airtel merger
The proposed merger between Airtel and Tigo is expected to linger until such a time that the two companies complete the necessary regulatory processes with the National Communications Authority (NCA). The two entities officially announced the decision to merge in March 2017. But latest information from the NCA indicates that the process is yet to…
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NCA not likely to reduce cost of 4G license
The National Communications Authority (NCA) has told Citi Business News it is open for negotiations with prospective buyers of the second 4G spectrum license. The CEO of the NCA, Joe Anokye explains that the outfit will abide by best practices in the sale of the license. Telecommunication companies have complained about the high cost of…
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Telcos must merge for 4G spectrum – Chaalabi
Telecom Analyst, Fouad Chaalabi has backed calls for telecom operators to consolidate to acquire the second 4G license being offered by government. “I think this is the best way of doing it but it depends on the two. You know merger is like a marriage so you need to find your better match,” he said.…
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MTN not to list on GSE with IPO – Kofi Yamoah
MTN Ghana may not be listing on the Ghana Stock Exchange (GSE) anytime soon even though it plans to cede a part of its operations to investors. This is the indication from the managers of the Ghana Stock Exchange. “MTN in its discussion is raising money from the public or doing a public offer but…
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Telcos ditch 4G spectrum over high cost
Citi Business News has gathered that the second 4G spectrum being sold by government may never be acquired by the telecom operators in the country. Discussions with operators in the telecom industry reveal that most of them will shy away from acquiring the license because of its high cost. The telecom operators argue that the…
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GhIPSS likely to provide interoperability for telcos
Citi Business News has gathered that the Ghana Interbank Payment and Settlement Systems (GhIPSS), has been given the green light to develop an interoperable platform for telecom operators in the country. The move also comes on the back of a botched contract involving Sibton Switch Systems which had been selected to carry out the mandate.…
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Consumers dissatisfied with poor telecom services
Telecom users are demanding improved service delivery from service providers at a time that competition in the industry is becoming keener. The consumers, some of whom have been speaking to Citi Business News have also made a case for class action if the situation remains unchanged. It also appears that the consumer dissatisfaction cuts across…
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NCA gives telcos one month ultimatum to address network challenges
The National Communications Authority (NCA) has directed all mobile network operators to within a month’s time; submit a roadmap to address all concerns of quality of service by customers within Accra and Tema. It follows the numerous customer complaints to the Authority over quality of service challenges. These also range from call drops, poor quality…
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Sale of MTN shares to Ghanaians takes off in 2017
Telecom giant MTN Ghana will finalize processes to float shares on Ghana Stock Exchange (GSE) this year – 2017. MTN commenced moves to list on the GSE last year – 2016, as part of conditions under which it secured the 4G license in late 2015. The company which spent US$67.5million to acquire the license which…