Browsing: MTN Nigeria

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MTN may pull plug on $220m Visafone deal

MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two

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MTN weighing R6,8bn Ghana share sale

MTN Group is considering selling about $500m in shares of its Ghana business, according to people familiar with the matter. The company is approaching high-net-worth individuals in the country about

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MTN refutes new Nigeria allegations

MTN has hit back at allegations emanating from Nigeria’s senate that it illegally moved almost US$14bn (about R188bn) out of the West African country. The company is accused of repatriating the funds over 10

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MTN drops on new Nigeria worries

MTN Group shares slumped the most in three months after Nigerian lawmakers raised new allegations about the wireless carrier, this time accusing the company of illegally moving almost US$14bn out of its largest market. Nigeria’s senate

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More trouble for MTN in Nigeria

MTN Group has been accused by a Nigerian lawmaker of transferring US$13,9bn out of country “illegally”, a move that could reignite a conflict between Africa’s largest wireless operator by sales

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MTN mulling bond offering to raise funds

MTN Group plans to gauge investor interest in a possible bond offering as Africa’s biggest mobile phone company by sales seeks funds to pay for dividends, capital expenditure and a record 330bn naira fine in Nigeria. The wireless operator

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MTN Nigeria said to target $1bn in IPO

MTN Group, Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about US$1bn in an initial public offering, a condition tied to the settlement of a record fine imposed by the West African government, people familiar with the plan said.

Hilton Tarrant
MTN’s not-so-little reputation nightmare

Operationally, the time-suck on executive leadership from the Nigerian fine fallout had nothing to do with its other units across Africa and the Middle East. It’s always managed to run its “OpCos” quite independently, which arguably has a few more

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MTN may raise dividend if business improves

MTN Group will consider raising its full-year dividend above forecasts if business conditions improve after the settlement of a record fine in Nigeria led to the first-ever half-year loss at Africa’s biggest mobile phone

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MTN sails into perfect financial storm

MTN has hit a perfect storm of bad news in the first half of its 2016 financial year, with the telecommunications group warning that it will report a basic headline loss per share of between R2,55 and R2,85 on Friday when it

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