Browsing: MTN Nigeria

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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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Currencies hit MTN, but group making progress

Fluctuating exchange rates have hit MTN’s numbers for the third quarter hard, with reported group total revenue and group service revenue reducing by 13.4% and 14% respectively year on year. However, in constant currency terms, the

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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

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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

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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

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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

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