Browsing: MTN Nigeria

New MTN CEO by end-June

MTN Group said on Wednesday that it will appoint a new CEO by the end of June “at the latest”. In a note to shareholders ahead of the group’s AGM, MTN said the search for a new CEO was “well under way”. Former MTN CEO Phuthuma Nhleko

Nhleko set to stay on at MTN

Phuthuma Nhleko will stay on as interim executive chairman of MTN until he has resolved the dispute with Nigerian authorities over a record US$3,9bn fine imposed on the telecommunications group’s Nigerian

Ex-Icasa councillor slams Rica legislation

A former councillor at the Independent Communications Authority of South Africa has lashed out at South Africa’s Sim card registration legislation, Rica, saying it has severely impacted ordinary

Hilton Tarrant
10 things you didn’t know about MTN

After the publication of its annual report this week, the headlines focused on former chief executive Sifiso Dabengwa’s R23,7m “golden handshake” following his resignation in November amid the MTN Nigeria fine fallout. We also learnt that chairman

PIC lashes MTN over golden handshakes

MTN has reportedly come under fire from the Public Investment Corp (PIC) for giving its former CEO, Sifiso Dabengwa, a R23,7m golden handshake. Dabengwa resigned suddenly in November after the group’s Nigerian operation was fined US$5,2bn

Editor's pick
MTN gave CEO R24m golden handshake

Former MTN CEO Sifiso Dabengwa was given a R23,7m golden handshake after resigning from the telecommunications group last year. Dabengwa resigned from the company on 9 November 2015, just months after

MTN cuts off 4,5m subscribers in Nigeria

Nigeria and South Africa have again served to put pressure on MTN’s subscriber numbers, with group customers declining by 1,4% quarter on quarter for the three-month period ended 31

MTN slumps on Nigeria reports, dividend

MTN on Thursday advised shareholders not to make decisions based on press reports after the telecommunications group’s shares were knocked down by more than 10% on speculation that its fine in Nigeria could be hiked to R240bn. The shares were also knocked

Nigeria reinstates regulatory services to MTN

Nigeria’s telecommunications regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday. The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year

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