On Monday, the market learnt that the Nigerian Communications Commission (NCC) had hit MTN with a fine of1,04 trillion naira for failing to deactivate unregistered Sim cards by a regulatory deadline. The fine, which equates to more than R70bn, is more than twice the entire group’s
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The Nigerian Communications Commission (NCC) appears to be playing hardball with MTN Nigeria over a US$5,2bn (R71bn) fine it has imposed on the company. According to a report published by Nigerian newspaper Leadership, the NCC has suspended all regulatory
The JSE is engaged in what its GM for issuer regulation, Andre Visser, is terming “focused conversation” with the sponsor of MTN, Deutsche Securities. It is doing so in the interests of the telecommunications operator’s shareholders, Visser said. The remarks
MTN plans to spend US$3bn (about R31bn) on its network in Nigeria over the next three years to improve quality of service. The company has previously had quality problems with its network in the West African country. According to website BDlive, the Nigerian Communications Commission banned MTN and two other mobile operators
Ghana’s National Communications Authority has ordered MTN, that country’s largest mobile operator, to stop adding new subscribers to its network because network quality “continues to deteriorate”. MTN Ghana has 11m subscribers in a country of 25m people, according
Nigeria’s telecommmunications authorities Thursday threatened to impose sanctions on an affiliate of SA’s giant mobile phone service provider, MTN, over alleged poor service to subscribers. The Nigerian Communications Commission (NCC) issued the warning to MTN Nigeria Communication in a
The GSMA, which represents the interests of mobile operators worldwide, believes the Nigerian government can unlock up to N862bn (R37,7bn) in GDP growth by 2015 by supporting the roll-out of mobile broadband
MTN has made it clear that it believes growth in Nigeria’s telecommunications market is far from over. The SA-based group’s largest subsidiary, MTN Nigeria, has raised more than R16bn to fund the expansion of its network in the populous West African nation. MTN on Wednesday told shareholders that it has recei
MTN Nigeria and Nigerian second network operator Globacom are among six bidders shortlisted for Nigeria’s stricken incumbent operator, Nitel. State-owned…