Browsing: MTN Nigeria

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MTN secures West Africa licences

South Africa’s MTN Group has secured two important licences in West Africa, one in Ghana and the other in Côte d’Ivoire, at a combined cost of R3,5bn.
The group said it has secured a 15-year 4G/LTE licence in the 800MHz “digital dividend” spectrum band in Ghana for a purchase

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Reduction of MTN fine a ‘positive’ move

Nigerian regulators’ decision to reduce MTN’s multibillion-dollar fine is a “positive” move and if the penalty was “arbitrary”, then the company would have turned to the courts. This is according to a board member for the South Africa-Nigeria

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MTN hasn’t asked us for help yet: Cwele

MTN hasn’t yet asked South Africa’s department of telecommunications & postal services for help regarding its multibillion-dollar fine in Nigeria. This is according to telecoms minister Siyabonga Cwele, who was speaking on the

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Nigeria tells MTN: give us R7,7bn more

The Nigerian Communications Commission (NCC) has told MTN that it didn’t actually mean it when it said it had cut the fine it imposed on the telecommunications operator by 35%. In a second letter to the group in as many days, it said the fine would be reduced instead by only 25%

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MTN in huge restructuring, management overhaul

The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs

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Zuma, Buhari said to meet over MTN

President Jacob Zuma and his Nigerian counterpart, Muhammadu Buhari, are set to meet in Johannesburg this week to discuss the US$5,2bn fine imposed by Nigerian authorities on South African telecommunications group MTN’s subsidiary in the West African nation, it was reported on Sunday

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More trouble for MTN in Nigeria

Apart from facing a US$5,2bn fine in Nigeria, mobile network MTN has this year already paid millions of rands in other penalties, according to regulators. MTN announced in October that

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MTN share price crashes again

MTN’s share price slumped by more than 8% on Tuesday morning over fresh concerns among investors about whether the group, which is listed on the JSE, will have to pay the full amount of a

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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

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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

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