STOCK TITAN

MTN GROUP LTD S/ADR - MTNOY STOCK NEWS

Welcome to our dedicated page for MTN GROUP S/ADR news (Ticker: MTNOY), a resource for investors and traders seeking the latest updates and insights on MTN GROUP S/ADR stock.

MTN Group Ltd S/ADR (MTNOY) is Africa's largest mobile network operator and a leading emerging market operator. With a clear vision to deliver a bold new digital world to customers, MTN South Africa, a subsidiary, recently signed a multi-year agreement with Eseye, a global IoT connectivity solutions provider, to standardize on a global eSIM and IoT platform solution. This strategic partnership aims to provide diverse IoT services, connectivity, IoT bundles, and value-added services to meet customers' global IoT needs.

The agreement will see Eseye's Integra solution deployed in South Africa, expanding to 18 operating companies across Africa. This collaboration will enable MTN to support customers with new IoT device connections across Africa and internationally, delivering a future-proofed solution aligned with technology evolution and compliance with new standards and regulations.

Through Eseye's deep IoT connectivity platform technical expertise, MTN will be able to achieve its aggressive IoT connectivity goals, offering differentiated services across different IoT verticals. The partnership underscores MTN's commitment to be Africa's leading digital platform, unlocking economic growth through financial and digital solutions for consumers and businesses of all sizes.

Rhea-AI Summary
MTN South Africa signs multi-year agreement with Eseye to standardize on a global eSIM and IoT platform solution
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
Tags
none
-
Rhea-AI Summary

The 2Africa consortium announced the addition of four new branches to the 2Africa cable, enhancing connectivity to Seychelles, Comoros Islands, Angola, and south-east Nigeria. This project, the largest subsea cable initiative globally, aims to deliver faster, reliable internet service and support economic growth in participating countries. Alcatel Submarine Networks is spearheading the deployment, increasing landings to 35 in 26 countries. The cable is expected to 'go live' by late 2023, with notable achievements including a completed Egypt terrestrial crossing ahead of schedule.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none

FAQ

What is the current stock price of MTN GROUP S/ADR (MTNOY)?

The current stock price of MTN GROUP S/ADR (MTNOY) is $4.5 as of April 16, 2024.

What is the market cap of MTN GROUP S/ADR (MTNOY)?

The market cap of MTN GROUP S/ADR (MTNOY) is approximately 8.9B.

What is MTN Group Ltd S/ADR (MTNOY)?

MTN Group Ltd S/ADR (MTNOY) is Africa's largest mobile network operator and a leading emerging market operator with a clear vision to deliver a bold new digital world to customers.

What recent agreement did MTN South Africa sign?

MTN South Africa, a subsidiary of MTN Group, recently signed a multi-year agreement with Eseye, a global IoT connectivity solutions provider, to standardize on a global eSIM and IoT platform solution.

What are the goals of the partnership between MTN and Eseye?

The partnership aims to provide diverse IoT services, connectivity, IoT bundles, and value-added services to help customers meet their IoT global needs.

How will the deployment of Eseye's Integra solution benefit MTN?

The deployment will enable MTN to support customers with new IoT device connections across Africa and internationally, delivering a future-proofed solution aligned with technology evolution and compliance with new standards and regulations.

What does the strategic partnership with Eseye signify for MTN?

The partnership underscores MTN's commitment to be Africa's leading digital platform, unlocking economic growth through financial and digital solutions for consumers and businesses of all sizes.

MTN GROUP LTD S/ADR

OTC:MTNOY

MTNOY Rankings

MTNOY Stock Data

8.90B
1.30B
0.01%
Telecom Services
Communication Services
Link
United States of America
Johannesburg