Nigerian regulators’ decision to extend a 16 November deadline to fine MTN R75bn suggests discussions are making headway, says an analyst. The Nigerian Communications Commission issued
Browsing: MTN
MTN will not have to pay a US$5,2bn fine to Nigerian authorities today, 16 November, which was previously the deadline set down by the Nigerian Communications Commission for payment of the record-setting penalty after the telecommunications operator
Vodacom’s latest numbers must be deeply worrying for its principal rival, MTN. While the latter is facing immense turmoil – a R75bn fine in Nigeria, the departure of its long-serving group CEO and
Telkom’s possible acquisition of Cell C would result in a stronger competitor to Vodacom and MTN, according to Boyd Chislett, the MD of the soon-to-be-closed cellular service provider Altech Autopage. Telkom on Monday issued a market update
Mobile service provider Altech Autopage has tried to mitigate retrenchments amid the company eyeing a February 2016 shutdown, said its MD. Parent Altron said in a cautionary announcement in May that it planned to sell the subscriber base
Vodacom has performed far more consistently on the stock market than its two principal listed rivals, MTN and Telkom, generating a positive return for shareholders over not only the past 30 and 90 days, but also over a one-year and five-year period. The worst performer
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
MTN Group CEO Sifiso Dabengwa has lost his job. Dabengwa will leave MTN with immediate effect, MTN said in a statement to shareholders early on Monday morning. His exit – which MTN is describing as a resignation
In a hard-hitting statement, MTN’s largest shareholder, the Public Investment Corp, has “noted” the resignation of group CEO Sifiso Dabengwa but said that “a lot more people need to take
The resignation of MTN CEO Sifiso Dabengwa is a “loss to the industry”, says Vodacom CEO Shameel Joosub. Dabengwa joined MTN in 2004 as the company’s CEO in Nigeria. He then