Browsing: MTN Nigeria

News
MTN said to make progress on Nigeria fine

Nigerian regulators’ decision to extend a 16 November deadline to fine MTN R75bn suggests discussions are making headway, says an analyst. The Nigerian Communications Commission issued

News
MTN won’t pay Nigeria fine today

MTN will not have to pay a US$5,2bn fine to Nigerian authorities today, 16 November, which was previously the deadline set down by the Nigerian Communications Commission for payment of the record-setting penalty after the telecommunications operator

In-depth
Finally, some clarity from MTN

After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued

News
MTN CEO Sifiso Dabengwa resigns

MTN Group CEO Sifiso Dabengwa has lost his job. Dabengwa will leave MTN with immediate effect, MTN said in a statement to shareholders early on Monday morning. His exit – which MTN is describing as a resignation

In-depth
More heads to roll at MTN: analysts

Analysts say more senior executives at mobile network MTN may have to face the music after the resignation of group CEO Sifiso Dabengwa. Dabengwa is the first executive casualty at MTN after the

News
MTN statement on Sifiso Dabengwa

Following the surprise news on Monday morning that MTN Group CEO Sifiso Dabengwa is “resigning” with immediate effect, the telecommunications operator has issued the following statement: MTN wishes to inform the market that MTN’s

News
Nigeria, SA yet to discuss MTN fine

Finance minister Nhlanhla Nene had not discussed the MTN-Nigeria crisis with a counterpart in Nigeria because a cabinet in that country had not yet been appointed, minister in the presidency Jeff

News
SA, Nigeria relations remain ‘cordial’: Radebe

The recent US$5,2bn fine issued against MTN does not affect the cordial relations between South Africa and Nigeria, with government hopeful that talks between the mobile network and Nigerian authorities will bear fruit, a senior cabinet minister has said

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