MTN Spent Its War Chest on Towers. Now What?
UphivaBETAR
MTN’s $2.2B IHS Towers buyout was the biggest infrastructure play in African telecoms history. Now comes the harder question: does MoMo generate the fintech returns the strategy requires?
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MTN
36 posts
MTN Kills Ayoba: What Africa’s Failed Super App Experiment Tells Us About Telco Digital Strategy
Seven years and 35 million MAUs later, MTN has shut down Ayoba. The post-mortem is short: African telcos cannot build messaging apps. The interesting question is what they can build instead.
MTN Spent Its War Chest on Towers. Now What?
MTN’s $2.2B IHS Towers acquisition consumes 60% of its fintech war chest. The balance sheet impact, dividend risk, and what it means for MoMo’s product ambitions in 2026-2027.
South Africa Telecom M&A Reform: Competition Authority in Private Talks as 5G Race Heats Up
South Africa’s Competition Authority enters private talks on telecom consolidation as MTN and Vodacom race to build 5G networks.
Airtel Africa FY2025 vs MTN: Two Divergent Strategies, One African Telecoms Market
Airtel Africa and MTN both reported FY2025 results with contrasting stories. One is doubling down on fintech as a core revenue driver; the other is focused on subscriber growth and infrastructure. A comparative analysis of where Africa’s two biggest telecoms are headed.
MTN War Chest Q2 2026: 90 Days In, the Acquisition Pipeline Has Changed
MTN Group committed .2bn of its bn fintech war chest to IHS Towers infrastructure. Moniepoint — the most speculated acquisition target — bought its own Kenyan bank. BETAR tracks what the pipeline actually looks like 90 days on.
MTN Targets 30 Million Connected Homes: The Fixed Broadband Strategy That Could Reshape Africa’s Internet
MTN Group’s target of 30 million connected homes by 2025 represents the most ambitious fixed broadband expansion in African telecoms history. BETAR assesses where the strategy stands and what it means for Africa’s internet economy.
MTN War Chest Q2 2026: 90 Days In, the Acquisition Pipeline Has Changed
MTN entered Q2 2026 with a stated R10 billion war chest and a clear mandate to acquire. Ninety days in, the pipeline has shifted — from infrastructure to fintech, from announced to executed.
Ghana’s 5G Reset: How the NGIC Experiment Failed and What Comes Next
Ghana’s NGIC 5G exclusivity experiment collapsed under deployment failures and commercial disputes. BETAR maps what went wrong, what comes next, and who is best positioned in the reset auction.
MTN Spent Its War Chest on Towers. Now What?
MTN’s $2.2B IHS Towers acquisition consumes 60% of its fintech war chest. BETAR analyses the balance sheet impact and what it means for MoMo’s product ambitions in 2026–2027.
