Company news in brief
WhatsApp details Eskom's spy game
Former Eskom executive Matshela Koko allegedly connived with a Mpumalanga man to get one of his colleagues fired at the state-owned enterprise.
Koko had previously denied any link to Eskom employee Mandla Mokoena, who allegedly hired three men to spy on Group Capital executive Abram Masango and other Eskom officials stationed at Kusile Power Station, to find any “dirt” on them that could lead to their removal from the power utility.
One of the men, whose name is known to City Press, deposed a two-page affidavit at Witbank Police Station on March 14. In the document, he alleged that he was tasked with spying and was paid by eWallet for his services.
-Fin24
MTN Nigeria yet to file IPO application
MTN Nigeria is yet to file its application for an initial public offering (IPO), Nigeria’s securities regulator said on Sunday, a much-anticipated share listing that could value the business at around US$5 billion and help revitalise the local stock market.
The Securities and Exchange Commission’s (SEC’s) statement came after domestic media reported on Thursday that the local arm of the South African telecoms giant was ready for its shares to be listed.
“Neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding the said IPO,” the regulator said.
-Nampa/Reuters
MTN Uganda says security personnel raided its data centre
MTN Uganda, a unit of the South African telecoms firm, said security personnel had raided its data and disconnected four of its servers.
The firm said in a July 3 letter to the state-run telecommunications regulator that it had “reported to police a case of illegal intrusion into the data centre and the disconnection of the four information servers.”
The regulator Uganda Communications Commission (UCC)’s top official confirmed to Reuters receipt of the letter.
-Nampa/Reuters
Huawei says does not expect US sanctions
China’s Huawei, the world’s largest maker of telecommunication network equipment, does not see itself becoming the target of US sanctions and will keep buying US chips this year, one of its three rotating chairmen told a French newspaper.
Huawei HWT.UL, also the world’s third-largest smartphone maker, is a private company but has found itself battling perceptions of ties to the Chinese government, which it has repeatedly denied.
Several US lawmakers last month claimed its research funding to American universities posed a “significant threat” to national security, the latest difficulty Huawei has faced operating in the United States.
-Nampa/Reuters
BP in lead to acquire BHP's US assets
BP Plc is in the lead to acquire the US onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of US$10 billion, people familiar with the matter said on Friday.
The move represents a big bet by BP on US oil and gas production at a time when energy prices are rebounding. It would allow it to significantly rebalance its business with oil production, after focusing largely on natural gas assets.
-Nampa/Reuters
Former Eskom executive Matshela Koko allegedly connived with a Mpumalanga man to get one of his colleagues fired at the state-owned enterprise.
Koko had previously denied any link to Eskom employee Mandla Mokoena, who allegedly hired three men to spy on Group Capital executive Abram Masango and other Eskom officials stationed at Kusile Power Station, to find any “dirt” on them that could lead to their removal from the power utility.
One of the men, whose name is known to City Press, deposed a two-page affidavit at Witbank Police Station on March 14. In the document, he alleged that he was tasked with spying and was paid by eWallet for his services.
-Fin24
MTN Nigeria yet to file IPO application
MTN Nigeria is yet to file its application for an initial public offering (IPO), Nigeria’s securities regulator said on Sunday, a much-anticipated share listing that could value the business at around US$5 billion and help revitalise the local stock market.
The Securities and Exchange Commission’s (SEC’s) statement came after domestic media reported on Thursday that the local arm of the South African telecoms giant was ready for its shares to be listed.
“Neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding the said IPO,” the regulator said.
-Nampa/Reuters
MTN Uganda says security personnel raided its data centre
MTN Uganda, a unit of the South African telecoms firm, said security personnel had raided its data and disconnected four of its servers.
The firm said in a July 3 letter to the state-run telecommunications regulator that it had “reported to police a case of illegal intrusion into the data centre and the disconnection of the four information servers.”
The regulator Uganda Communications Commission (UCC)’s top official confirmed to Reuters receipt of the letter.
-Nampa/Reuters
Huawei says does not expect US sanctions
China’s Huawei, the world’s largest maker of telecommunication network equipment, does not see itself becoming the target of US sanctions and will keep buying US chips this year, one of its three rotating chairmen told a French newspaper.
Huawei HWT.UL, also the world’s third-largest smartphone maker, is a private company but has found itself battling perceptions of ties to the Chinese government, which it has repeatedly denied.
Several US lawmakers last month claimed its research funding to American universities posed a “significant threat” to national security, the latest difficulty Huawei has faced operating in the United States.
-Nampa/Reuters
BP in lead to acquire BHP's US assets
BP Plc is in the lead to acquire the US onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of US$10 billion, people familiar with the matter said on Friday.
The move represents a big bet by BP on US oil and gas production at a time when energy prices are rebounding. It would allow it to significantly rebalance its business with oil production, after focusing largely on natural gas assets.
-Nampa/Reuters
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