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