Browsing: MTN Nigeria

News
MTN grows SA subscribers by 1.5%

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

News
MTN plunges 10% as profit disappoints

MTN Group, Africa’s biggest mobile-network operator by sales, fell the most in more than a year after a return to first-half profit after a $1bn regulatory fine fell short of analyst expectations. Headline earnings per share

News
MTN provides guidance on earnings

MTN said on Thursday that it expects to have swung back into a profitable position in the first six months, with headline earnings per share of between R2.10 and R2.30, compared to a headline loss a year ago

News
MTN agrees to pay Rwanda fine

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

World
Airtel bets on 4G to best MTN in 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

News
MTN hit by regulatory fine in Rwanda

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

News
MTN bosses rake in millions

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

In-depth
Shuter takes reins at troubled MTN

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

News
MTN mulls bond sale on Nigeria woes

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

News
‘Most challenging year in MTN’s history’

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

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