Browsing: MTN Nigeria

MTN throws R3,8bn at Nigeria problem

MTN’s share price leapt higher in intraday trading on Wednesday after announcing it had made a 50bn naira (US$250m; R3,8bn) payment to Nigerian authorities and withdrawn legal action in the federal high court in Nigeria. MTN’s shares jump to a

MTN faces challenge over Nigeria spectrum

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

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Hopes raised of MTN Nigeria settlement

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 runs into trouble in Cameroon

MTN could be forced to cough up as much as R1,5bn to Cameroonian authorities after a special anti-corruption commission, known as Conac, found that the operator, along with rival Orange, owed nearly R2,8bn in taxes and royalties to the government

MTN Nigeria set to post R15,9bn profit

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

MTN acquires rival Nigerian operator

Far from pulling out of Nigeria over the record-setting US$3,9bn fine imposed on it by regulatory authorities in the West African nation, MTN has reportedly gone ahead with the acquisition of

Nigeria plays hardball with MTN

The Nigerian government is playing hardball with MTN, demanding that the telecommunications operator pay a US$3,9bn (R59bn) fine for failing to cut off 5m unregistered Sim cards by 31 December, according to a report. Bloomberg reported that the

TalkCentral: Ep 140 – ‘It’s a wrap’

In the last TalkCentral of 2015, your hosts Duncan McLeod and Regardt van der Berg chat about MTN’s decision to appeal to the Nigerian courts to have its record-setting fine reduced. Also this week, they discuss the news that Vodacom must withdraw

MTN takes Nigerian authorities to court

MTN has decided to take the legal route to challenge a US$3,9bn fine imposed on it by the Nigerian Communications Commission. This is after it exhausted all other options to have the fine reduced, it said in a statement to shareholders on the JSE’s stock

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