MTN in no-holds-barred review

first_img Previous ArticleApple boss reveals record month for App StoreNext ArticleLiberty Global looks to converged future Home MTN in no-holds-barred review Related MTN expects fintech spin-off within a year MTN Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 05 AUG 2016 Author MTN eyes $6B valuation for money unit MTN is undertaking “a deep and fundamental” strategic review of its operations, reflecting the pressure on its voice revenue, customer demand for data, and “more complex and competitive” markets.The group is looking at housing new revenue streams, particularly from digital services, outside the core business. “This will allow for more agility and greater flexibility to accelerate growth in these areas”, it said.New digital revenue streams are expected to increase their contribution over the next 12 to 18 months.Other areas up for discussion include an advanced analytics unit that will enable the deployment of high-speed connectivity where it is most needed; improving operational efficiencies and customer care, with an emphasis on leveraging digital channels and reusing its mobile money service for distribution; and seeking “value-accretive” opportunities in select markets across Africa and the Middle East.The group said it has “external assistance” for its review, without naming names.H1 resultsThe review was announced in line with MTN’s first half results, which saw the group report an impressive sounding 14 per cent growth in revenue to ZAR79 billion ($5.8 billion).But the figure was boosted by kind foreign exchanges movements, as the South African Rand declined in value significantly against other currencies.Organically, revenue grew by a less impressive 1.5 per cent.Performance was impacted by factors such as a decline in outgoing voice and data revenue in Nigeria following the withdrawal of regulatory services from MTN’s local unit until May 2016.This setback was only partially offset by higher revenue growth at MTN South Africa, supported by strong device sales and an increase in data revenue.Outgoing voice revenue increased by 8 per cent on a reported basis, although it did feel the impact from competition, disconnections and free minutes used for subscriber re-registration campaigns.Meanwhile, group data revenue increased by 32 per cent and represented 25 per cent of total revenue. Digital revenue, including mobile financial services, contributed 32 per cent of data revenue.The group’s results were significantly impacted by the Nigerian regulatory fine.In June MTN Nigeria resolved this matter with the country’s government and agreed to pay a total cash amount of NGN330 billion ($1.67 billion) over three years in a full and final settlement.The US$250 million paid “in good faith and without prejudice” by MTN Nigeria in February 2016 forms part of the monetary component of the settlement, leaving a balance of $1.42 billion.In June 2016 the first scheduled payment of $124 million was made. The remaining cash payable at 30 June 2016 amounted to $882 million.First half EBITDA decreased by 38.4 per cent to ZAR18.9 billion, taking into account the Nigerian fine, hyperinflation, and deferred profit from the sale of towers in Ghana. Excluding this, EBITDA increased  3.3 per cent ZAR 29.3 billion.Net loss attributable to shareholders was ZAR5.5 billion, compared with a prior-year profit of ZAR11.9 billion. Tags Richard Handford MTN committed to Syria exitlast_img read more

Cloud Storage Privacy – What’s Really At Stake

first_imgMassive Non-Desk Workforce is an Opportunity fo… Encryption is the KeySpiderOak gets around this dilemma by encrypting data and handing the key to customers. Because SpiderOak can’t decrypt the data, the customer has to be notified by default. The other vendors listed above also encrypt data, but retain the ability to decrypt it.Another gray area is in copyright protection. As this year’s demise of file-sharing site Megaupload showed, law enforcement can move quickly to take an operation offline and arrest its founders, if there’s strong evidence that the site is being used to share lots of copyrighted material. When that happens, everyone who stores files on that service is affected, whether or not they are even suspected of copyright infringement.All the cloud storage providers let users share their content with others, so the possibility of copyright violation is ever-present. The question is whether this could become enough of a problem to draw the attention of the entertainment industry or other groups intent on protecting copyright. Storage providers who lack sufficient mechanisms for preventing copyright violations could meet the same fate as Megaupload, leaving innocent users unable to access their own data. And it’s not entirely clear what measures would be considered sufficient. May I See Your ID?To avoid such problems, cloud storage providers could one day implement some kind of identification system to look for copyrighted material, similar to what Google already does on YouTube. The EFF hopes vendors tackle this problem on their own to avoid government requirements that could prove too onerous for startups.“If YouTube had to have something in place like that [a content ID system] right away, it might never have existed,” Jeschke said. “Requiring all this overhead before companies can innovate would be problematic.”The bottom line is trust. Whatever the written policies, when selecting a cloud storage provider, consumers and companies should first decide whether they believe the vendor can be trusted to do everything possible to protect customers’ privacy.Images courtesy of Shutterstock. IT + Project Management: A Love Affair antone gonsalves Related Posts 3 Areas of Your Business that Need Tech Now Tags:#Clustering#enterprise Cognitive Automation is the Immediate Future of… The launch of Google Drive this week brings to the forefront the issue of privacy and the use of cloud storage services.It’s not that Google’s privacy policies are significantly better or worse than competing services, such as Microsoft SkyDrive, Apple iCloud, Dropbox, SugarSync and SpiderOak. It’s more that big-name vendors are making it so darn easy and cheap to store personal photos, documents and audio files that these issues now threaten to affect a huge number of users.For example, Google offers 5GB of free storage and Microsoft 7GB, so why not take advantage of the convenience of having content in the cloud and being able to share it with anyone? Well, there is no reason, as long as you know the risks.In general, the privacy policies for all the service providers are similar, as The Washington Post points out. Vendors acknowledge they don’t own the data and promise they won’t access it, other than to operate their services. The latter is important to the companies, because they need to copy and move files and folders around their servers in order to provide backup and file sharing and to develop new services.The services do have some differences, though:Google Drive: Google has a single terms of service and privacy policy for all of its services. While this is simpler than having a separate contract for each service, it also means the language in some sections has to be vaguer in order to cover all of the company’s products.Microsoft SkyDrive: Microsoft’s terms of service have gotten kudos for favoring plain language over legalese. In general, the terms of service give Microsoft the same rights and have the same limitations as Google’s.Apple iCloud: Apple goes a step further than the rest in censorship. The company has the right to delete – without prior notification – any content stored that it finds “objectionable.” Apple doesn’t say how it decides whether content is fit for iCloud.Dropbox: Unlike Google, Microsoft and Apple, Dropbox’s business lies only in cloud storage and file sharing. Nevertheless, its terms of service tend to use language that is more vague, which could be interpreted as being more expansive in terms of its rights.The truly slippery issue, though, isn’t the services’ own policies, but how they deal law enforcement, government agencies and lawyers in civil cases. All the storage providers say they will hand over files if required to by law, but they don’t commit to telling affected customers. This makes it possible for vendors to follow law enforcement requests to keep their actions secret, but is a red flag for privacy advocates.“We advocate for these hosts to have a really transparent policy and to notify people when their information is requested,” said Rebecca Jeschke, spokeswoman for the Electronic Frontier Foundation (EFF), a San Francisco-based advocacy group for digital rights.last_img read more

Nest To Show Off Smart Home Collaborations At CES

first_imgWhy Tech Companies Need Simpler Terms of Servic… Nest, the Google-owned smart home device, is poised to show off its capabilities as more than just a thermostat at the Consumer Electronics Show this week. See also: Nest Makes Its Move In The Smart HomeIn June last year, Nest unveiled its public API that would allow independent programmers to create new applications for the company’s devices. In the following six months, dozens of companies have taken Nest up on it. At CES, the company will show off collaborations between Nest and Whirlpool, Philips Hue, and other smart home contenders. According to Nest’s announcement, the exhibit will take up at over a dozen booths and display features from a phone service that automatically forwards your calls to a washing machine that runs on quiet mode when you’re in the house. Nest will be showcasing its collaborations with other smart home companies, but the beauty of the API is that anyone can use it. For example, you can now use Nest with IFTT to automate particular behaviors for the thermostat without any programming.Photo via Nest lauren orsini A Web Developer’s New Best Friend is the AI Wai… Tags:#api#connected home#Google#Nest#Nest thermostat#smart home center_img Top Reasons to Go With Managed WordPress Hosting Related Posts 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Rep Miller sets local office hours for June

first_img Categories: Miller News 18Jun Rep. Miller sets local office hours for June State Rep. Aaron Miller, of Sturgis, today announced an in-district office hours location for the month of June.“I look forward to these sit-downs with the people I serve,” Rep. Miller said. “Local input is invaluable as I work to represent my district’s priorities in Lansing. I hope you’ll join me at one of my upcoming hours and share what’s on your mind.”Rep. Miller will be available Friday, June 21 at the following times and locations:7 to 8:30 a.m. at Yoder’s Country Market, 375 Eleanor Drive in Centreville; and9 to 10:30 a.m. at L.A.’s Coffee Café, 145 W. Michigan Ave. in Three Rivers.No appointments are necessary. Those unable to attend may contact Rep. Miller’s office at (517) 373-0832 or [email protected]###last_img read more