Executives at MTN Group have received millions of rand in shares as part of the firm’s performance share plan.
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MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.
MTN Nigeria plans to invest R21-billion over the next three years to expand broadband access in Africa’s most populous country, its CEO said on Monday.
MTN Group’s Nigerian unit has reported a 27.6% increase in half-year Ebitda, despite a sharp decline in subscribers brought about by regulatory restrictions on new Sim sales and activations.
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.
Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
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.
Ferdi Moolman, the longstanding CEO of MTN Nigeria, MTN Group’s largest operating subsidiary, will step down from the role at the end of February 2021.
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