Deutsche Telekom AG (DTE) Chief Executive Officer Timotheus Hoettges told directors yesterday that a sale of the T-Mobile US Inc. (TMUS) unit is less likely in the near term because of regulatory hurdles, according to two people with direct knowledge of the matter. While selling its 67 percent holding in […]

MTN Group Ltd. (MTN), Africa’s largest wireless operator, said full-year profit increased 27 percent, exceeding estimates, after the South African rand weakened and subscriber numbers rose across its 22 markets. Headline earnings per share, which exclude one-time items, were 13.86 rand in 2013, the Johannesburg-based company said in a statement […]

FirstRand Ltd. (FSR), South Africa’s second-largest lender, said it’s expanding corporate banking in Nigeria to take advantage of surging growth in the continent’s most populous nation. “We are growing into commercial banking in Nigeria,” Sizwe Nxasana, chief executive officer of FirstRand, said in a phone interview from Johannesburg today, adding […]