MTN on Thursday advised shareholders not to make decisions based on press reports after the telecommunications group’s shares were knocked down by more than 10% on speculation that its fine in Nigeria could be hiked to R240bn. The shares were also knocked
Nigeria’s telecommunications regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday. The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year
MTN on Friday warned shareholders that reports that it has proposed to pay 300bn naira (about US$1,5bn; R23bn) to settle the fine imposed on it by the Nigerian Communications Commission
Telecommunications group MTN has rubbished reports that it plans to list in Nigeria, saying that it is only considering a listing of its subsidiary, MTN Nigeria. The JSE-listed group said in a
The historic combination of favourable macroeconomic conditions for Africa began to reverse in 2013, with a weakening of most commodity prices as well as the taper tantrum in the global financial
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.
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trading on Wednesday after announcing it had made a 50bn naira (US$250m; R3,8bn) payment to Nigerian authorities and withdrawn legal action in the federal high court in Nigeria.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
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 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
