MTN Group CEO Ralph Mupita said on Tuesday that he expects consolidation of mobile network operators in the markets in which the group operates as high ...
The more spectrum you have, the more efficient you can be,” he said. However, he hinted that more spectrum will need to be allocated beyond that to keep up with the ever-expanding demand for data from South African consumers. Mupita said the spectrum allocated to MTN – for which it paid R5.2-billion – will be sufficient for the next three to four years.
The company sees use cases developing for 5G in mining, ports and manufacturing around the continent.
There is simply not a big enough profit pool to meet the return and other financial objectives of a number of industry players,” said Mupita. “The ‘Elon Musk dream’ is well within our reach. We’re seeing use cases developing for 5G in mining, ports, manufacturing and other industrial applications around the continent.
MTN's Group CEO, Ralph Mupita, discussed his expectations for the future of mobile networks in South Africa.
Using the US as an example, Mupita said he expects there to only be two or three very strong mobile network competitors in South Africa in the future. This is because he expects fewer mobile network operators in the country. Mupita said he expects less infrastructure-level competition in South Africa and that network operators and service providers would compete on products.
The days of having a 4-6 player telecoms market on the continent are coming to a swift end, says MTN chief executive Ralph Mupita.
Mupita added that MTN is now entering a ‘third chapter,’ of growth. MTN has every intention of being one of the scale operators in all its markets.” “Driverless vehicles for consumers may not be such a far-off reality.
MTN Group Ralph Mupita earned a massive R84.2 million in total remuneration for 2021. The Zimbabwean was handsomely rewarded for his.
The programme, which launched in 2019, has so far delivered over R15 billion of the targeted R25 billion. Group president and chief executive officer of the MTN Group Ralph Mupita earned a massive R84.2 million in total remuneration for 2021. “The increase in LTI reflected between 2020 and 2021 financial year is due to the improved performance conditions outcomes and the group share price performance between the two periods as at settlement dates.” “The difference of remuneration received in 2021 compared to 2020 was attributed to improved performance outcomes between the two years and his promotion to group president and CEO, effective 1 September 2020,” MTN explained in the report. Mupita’s R84.2 million total remuneration is a 133% increase from the R36.1 million total remuneration he earned in 2020. The Zimbabwean was handsomely rewarded for his work after MTN reported that he had “overachieved,” resulting in “improved performance outcomes”.
'The days of having a 4-6 player telecoms market on the continent are coming to a swift end.' 26 April 2022: Late March saw leading African ...
As we continue to invest in the development of African infrastructure for African society, we see MTN making a significant contribution to these kinds of new digital technologies. There is simply not a big enough profit pool to meet the return and other financial objectives of a number of industry players. For the Group, the past two years has been about building and maintaining a telecoms environment that could help Africans to sustain a semblance of normality, while also ensuring that the Group's financial position remained strong. In its formative years post-democracy, the Group established itself as a voice-centered network and expanded into new markets such as Rwanda and Uganda. In its 'second chapter,' around 2008, it transitioned into the data services space, driven by the emergence of smartphones. We have seen the positive impact that mobile money has made in countries like Ghana and Uganda and we believe that by expanding into this area, we can create a win-win environment for business and for broader African society. As a brand, its eye is firmly set on existing and new African horizons, in what can be thought of as a "third chapter" in MTN's business evolution.
The days when there was a 4-6 player telecommunications market on the continent are coming to an end, says MTN Managing Director Ralph Mupita. Speaking at.
Mupita added that MTN is now entering a “third chapter” of growth. the continent and produces profitable long-term returns. MTN has every intention of being one of the scale operators in all its markets.