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SA opens up lucrative state phone contract to MTN

Joins Vodacom in keeping 1.2m government employees connected.
The move helps to level the playing field in SA. Image: Moneyweb

South Africa has opened up a telecommunications contract to supply 1.2 million government employees, allowing arch rivals MTN and Vodacom to share in the state business.

MTN was added to the agreement previously awarded exclusively to Vodacom in 2016, according to a statement on Tuesday. The deal was worth R5 billion when first agreed upon, people familiar with the matter said at the time.

The move helps to level the playing field in South Africa by sharing around one of the largest contracts available in Africa’s most industrialised economy. Vodacom is the country’s market leader with about 44 million customers, compared with MTN’s 29 million.

© 2021 Bloomberg

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Breaking news. No doubt the share will recover to R200+.
Nothing can help an ill company, with poor strategy, previously hopeless leadership, and operating in jurisdictions where decent competitors would never set foot

A negative share price over 14 years! Truly one of the real dogs of the JSE.

Just stupid.

Use Watsapp man!!!!

R5 billion divided by 1.2 million users???? over R4000 per employee. Are they taxed on this??

Time for the anc to just disband!!!!

divided by 5 years = R800 per year per employee, divided by 12 months = R67 per month??

Exactly!!

Who does the tea girl call?

TSK!!!

who do they need to call?

Most of them do didly squat.

End of comments.

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