MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending US
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MTN Group plans to borrow as much as 400bn naira (US$1.1bn; R13.8bn) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s
MTN Group expects the listing of its Nigerian unit on the Lagos stock exchange to be done by the end of 2018, its CEO said, after suggesting late last year that the process would be concluded by mid-year
Nigeria’s telecommunications regulator said tougher financial health checks on the country’s biggest mobile phone companies could prevent a repeat of last year’s collapse of debt-laden Etisalat and help stabilise
MTN Group plans to raise about $500m from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record
Nigerian lawmakers investigating allegations of illegal repatriation of almost US$14bn by MTN Group’s local unit have found the company hadn’t violated the law. There were no “proofs of collusion to contravene the foreign exchange
MTN Group is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, CEO Officer Rob Shuter said on Wednesday. “We have
Farmers in northern Nigeria have called on wireless operators including MTN Group to block Sim cards that haven’t been formally registered by their users, saying they enable the operations of militant
Fluctuating exchange rates have hit MTN’s numbers for the third quarter hard, with reported group total revenue and group service revenue reducing by 13.4% and 14% respectively year on year. However, in constant currency terms, the
MTN has increased its South African subscriber base by 1.5% to 31.2m, with revenue rising by 1.6%, the telecommunications group said on Thursday. “MTN South Africa delivered an encouraging performance, supported