Browsing: MTN Nigeria
Despite the hellish time it had in Nigeria in the final quarter of its 2015 financial year – facing a fine of US$3,9bn from regulators there – telecommunications group MTN has announced it is hiking its final dividend to R8,30/share, up by 3,8% on 2014’s payout.
Nigerian telecommunications operator Etisalat is taking rival MTN to court over the latter’s plan to use acquisition target Visafone’s spectrum in the 800MHz band, it has been reported. Nigeria’s Daily Post reported at the weekend that Etisalat has instituted legal action
A court in Nigeria has given MTN and the Nigerian Communications Commission two months to try to settle a dispute over a record-setting US$3,9bn fine imposed on the telecommunications operator by the commission. The development has raised hopes that
MTN’s Nigerian operation is likely to report a profit after tax of approximately R15,9bn for the year ended 31 December 2015, it was revealed on Tuesday. The JSE-listed telecommunications operator, which is facing a R65,2bn fine from Nigerian authorities for failing to disconnect 5m