Cellular firm, MTN, has shut down 53 cellphone towers in Gauteng – due to, what it says, is severe damage and vandalism.
MTN says the current poor economic activity in South Africa has put pressure on its financial performance.
MTN Nigeria said on Saturday it is under investigation by the Nigerian financial crimes agency over its listing last week, although it “has not been accused of any wrongdoing” by the Economic and Financial Crimes Commission.
MTN Nigeria is arranging local debt financing and plans to sell shares to new investors through a public offering, after listing its shares in Africa’s biggest economy on Thursday.
South African telecommunications giant MTN on Thursday said its subscriber base grew by 16 million customers last year to 233 million, good news for the embattled mobile operator.