Browsing: MTN Nigeria

JSE-listed MTN Group said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes.

MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.

MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.

Nigeria suspended the implementation of a new telecommunications tax meant to help reduce the nation’s budget deficit.

MTN Group shares rocketed 9% on the JSE on Thursday after it reported a solid performance in its key markets.

MTN Group on Wednesday moved to reassure nervous investors that a crackdown by Nigerian authorities on unregistered phone lines will not have a huge adverse impact.

Nigeria has ordered the nation’s wireless companies to bar outgoing calls from phone numbers not linked to the national identity number in a bid to control extortions and abductions.

MTN Group’s share price topped R200/share on Wednesday, the first time the JSE-listed telecoms giant has touched these levels in nearly seven years.

MTN Group has raised gross proceeds R4.3-billion through the sale of shares in its Nigerian subsidiary that has seen its stake in reduced to 75.6%.

MTN Group’s biggest operation has turned in a particularly strong set of financial results for the year ended 31 December 2021.