Browsing: MTN Nigeria

MTN sinks on profit warning

MTN Group fell in Johannesburg trading as Africa’s largest mobile phone company said it expects to report a first-half loss after agreeing to pay a record fine in Nigeria. The shares dropped by

MTN loses its group CFO

MTN Group chief financial officer Brett Goschen is stepping down. He will leave at the end of September “to pursue other interests”, the telecommunications group said in a statement to shareholders on Monday morning.

MTN bosses get millions in shares

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

MTN secures access to crucial spectrum

MTN Nigeria has won access to the 2,6GHz spectrum band. This is a crucial band for providing wireless broadband services and comes well ahead of the allocation of access by South African authorities to local mobile operators, including

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How to stop the R2/MB extortion

Much like interconnect rates which for years remained stubbornly and unreasonably high, punitive out-of-bundle mobile data rates are a relic of a bygone era. Sure, operators might have been justified in charging R2/MB

MTN’s Nigeria fine just got a whole lot cheaper

MTN Group’s record US$1,7bn Nigerian fine is about to get a whole lot cheaper. MTN rose the most in a week on Friday as investors prepared for a slump in the Nigerian naira after Africa’s second-biggest crude producer’s central bank said it will

MTN promises caution on Nigeria listing

MTN will not list its subsidiary in Nigeria unless market conditions are sufficiently conducive to an initial public offering, the group’s interim executive chairman, Phuthuma Nhleko, told TechCentral

MTN’s Nigerian nightmare is over

MTN Nigeria has agreed to pay a total cash amount of 330bn naira – the equivalent of $1,7bn (R25,1bn) at the official exchange rate, or R13,6bn on the parallel market – to settle the fine

MTN gets into television broadcasting

MTN has launched a pilot broadcasting service using digital terrestrial television. The pilot, being run in Nigeria, follows the decision by the Nigerian Broadcasting Corporation to award its

MTN defends ex-CEO’s R24m payout

MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine

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