Browsing: MTN Nigeria

MTN gains despite first-ever loss

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile phone operator booked the full value of a 330bn naira (US$1bn) fine in Nigeria, drawing a line under a 10-month saga that

MTN targets 2017 Nigeria listing

MTN Group has kick-started the process of listing its biggest subsidiary, MTN Nigeria, on the Nigerian Stock Exchange. It said it intends to float the shares “as soon as commercially and legally possible”. The South

MTN to report a first-half EPS loss

Telecommunications group MTN warned on Tuesday that its profits for the six months ended 30 June 2016 will have come under pressure as a result of the record-breaking fine imposed on it in Nigeria and pressures

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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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

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