MTN has reportedly agreed to settle a fine of $8.5m with the Rwandan government after negotiations over the fine broke down. The fine was imposed on the Rwandan subsidiary of the Johannesburg
Browsing: MTN Nigeria
Bharti Airtel’s Nigeria unit said a partnership with China’s ZTE to provide 4G high-speed broadband will see it add subscribers and narrow the gap with market leader MTN Group in Africa’s most populous country
A Rwandan regulator has imposed a fine equivalent to R112m on MTN, the JSE-listed telecommunications group said on Wednesday. The fine, a tiny fraction of the one imposed on its by
MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications
MTN Group’s new CEO, Rob Shuter, begins work on Monday morning, taking the reins from interim executive chairman Phuthuma Nhleko at a time of considerable operational challenges at Africa’s biggest telecommunications operator. Shuter, until
MTN Group is gauging investor interest for its first sale of rand-denominated bonds in seven years as Africa’s largest mobile phone operator struggles to repatriate earnings from its Nigerian business. MTN is “approaching the market and we will see
MTN Group on Thursday reported a headline loss of 77c/share for the year ended 31 December 2016 as a perfect storm, headlined by a multibillion-rand fine in Nigeria, its biggest market, culminated in what it has
MTN Group has been having a tough time of it in Nigeria, its most lucrative market. Protesters last week vandalised the company’s headquarters in the capital, Abuja, in retaliation for xenophobic
Telecommunications group MTN warned on Wednesday that it will report a loss for the 2016 financial year due in large part to the regulatory fine imposed on it in its biggest market, Nigeria. It said it expects to report a loss in both basic headline
MTN Group may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery in the continent’s most populous country. “It’s a work in