Browsing: MTN Nigeria

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MTN South Africa workers to go on strike

MTN Group workers in South Africa are set to go on strike after a breakdown in wage talks with a key labour group. The Communications Workers Union sent MTN an intention to strike and 120 protesters gathered

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Union protest hits MTN Nigeria

MTN Group’s Nigeria offices are being picketed by the country’s biggest group of unions over an alleged refusal to allow staff to form workers’ groups, a claim denied by the continent’s largest wireless carrier

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MTN reaffirms dividend despite Iran sanctions

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 set to raise R13.8bn in Nigeria debt

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

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Nigeria moves to shore up telecoms sector

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

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MTN moving ahead with Nigeria listing

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

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MTN absolved in Nigeria funds repatriation probe

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

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MTN getting ready for Nigeria listing

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

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