Browsing: Karl Toriola

Lagos-listed MTN Nigeria Communications shed five million mobile subscribers in the first three months of the year as it struggled with customer churn and restrictions on Sim card sales and activations.

MTN is in a race against time to get about half its subscribers to comply with the Nigerian government’s stipulation that their Sims be connected to their ID numbers by the end of the year.

MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications

MTN has moved quickly to replace the CEO of its South African operation, Mteto Nyati, who is leaving the telecommunications group to take the reins from Robbie Venter as CEO of Altron. Altron announced after markets closed on Tuesday that

MTN has dished out R5,2m worth of shares to the CEO of its South African unit, Mteto Nyati. In a statement to shareholders on Friday, MTN said it had provided Nyati with an “off-market award of shares” as part of its performance share plan

The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs