Africa’s largest telecom group CEO Ralph Mupita gains $1 million from MTN stake
The surge in the market value of Mupita’s minority 0.043-percent stake in MTN Group can be attributed to renewed investor interest.
The surge in the market value of Mupita’s minority 0.043-percent stake in MTN Group can be attributed to renewed investor interest.
Ralph Mupita’s annual remuneration dropped significantly to $1.13 million in 2022, compared to the $1.4 million he received in 2021.
IHS will now own 70 percent of its South African towers business.
Earnings were hurt by an impairment loss of $29.8 million.
IHS Towers is a Nigeria-based telecom infrastructure firm founded by U.S. telecom tycoon Sam Darwish.
Mupita became president and CEO in September 2020.
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.