Between 6 March, the day before MTN announced its results for the year to December, and 9 May, when it published a first-quarter trading update, its share price has increased by 36%.
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MTN Group had 236.6 million subscribers on its books at the end of its financial first quarter, to 31 March 2019, up from 232.6 million at the end of December.
MTN Group’s Nigerian unit may list shares in Lagos next week, according to two people familiar with the matter, almost three years after agreeing to the move as part of a deal with local regulators.
A Nigerian court has thrown out an objection lodged by Nigeria’s attorney-general, paving the way for the substance of an MTN lawsuit against the AG to be argued next month.
MTN South Africa on Tuesday warned of a new scam promising users an easy-to-remember phone number in exchange for payment, which is then stolen.
A Nigerian court is expected to hand down judgment on Tuesday in the ongoing battle between the nation’s attorney-general and MTN, with the AG claiming the group owes $2-billion in unpaid duties and taxes.
MTN Group has asked the Nigerian Securities & Exchange Commission for permission to proceed with a listing of its shares.
From a cramped living room in Brooklyn, New York, a handful of young computer nerds has developed a new way to use technology to help save lives in natural disasters.
Former deputy finance minister Mcebisi Jonas will replace Phuthuma Nhleko as chairman of MTN Group at the end of the year. At the same time, former President Thabo Mbeki will head a new advisory board.
Safaricom shares fell the most in four months after East Africa’s biggest company by market value said profit growth will slow even as the wireless carrier expands its popular mobile banking service.