Browsing: MTN Nigeria

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

MTN’s Nigerian nightmare is over

MTN Nigeria has agreed to pay a total cash amount of 330bn naira – the equivalent of $1,7bn (R25,1bn) at the official exchange rate, or R13,6bn on the parallel market – to settle the fine

MTN gets into television broadcasting

MTN has launched a pilot broadcasting service using digital terrestrial television. The pilot, being run in Nigeria, follows the decision by the Nigerian Broadcasting Corporation to award its

MTN defends ex-CEO’s R24m payout

MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine

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

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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

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