MTN has enlisted the help of the South African government and is meeting with Nigerian officials “at the highest level” as it moves to fight off a damaging US$5,2bn fine by the Nigerian
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The Johannesburg Stock Exchange on Friday started an investigation into the timing of MTN Group’s announcement on Monday that the Nigerian Communications Commission had fined
MTN’s group CEO, Sifiso Dabengwa, is in Nigeria to negotiate with authorities in the West African country as the JSE-listed telecommunications provider looks to head off a damaging US$5,2bn (R72bn) fine. In a statement to shareholders on
Ratings agency Standard & Poor’s (S&P) has downgraded MTN’s credit rating and put the mobile network on a watch negative amid a US$5,2bn fine in Nigeria. S&P said on Thursday that it’s lowering its ratings on MTN from “BBB” and “zaAA+” to “BBB-“
The Nigerian Communications Commission (NCC) shows no sign of backing down over a record-setting US$5,2bn (R72bn) fine against the local subsidiary of South African-headquartered mobile phone group MTN. According to a report by
On Monday, the market learnt that the Nigerian Communications Commission (NCC) had hit MTN with a fine of1,04 trillion naira for failing to deactivate unregistered Sim cards by a regulatory deadline. The fine, which equates to more than R70bn, is more than twice the entire group’s
Telecommunications group MTN will review its senior management team in Nigeria after a regulator there imposed a record-setting US$5,2bn (R71bn) fine on the subsidiary company for allegedly failing to deactivate as many as 5,1m Sim cards before a deadline to do so
The Nigerian Communications Commission (NCC) appears to be playing hardball with MTN Nigeria over a US$5,2bn (R71bn) fine it has imposed on the company. According to a report published by Nigerian newspaper Leadership, the NCC has suspended all regulatory
The JSE is engaged in what its GM for issuer regulation, Andre Visser, is terming “focused conversation” with the sponsor of MTN, Deutsche Securities. It is doing so in the interests of the telecommunications operator’s shareholders, Visser said. The remarks
Telecommunications group MTN has confirmed that the Nigerian Communications Commission has imposed a fine on its Nigerian subsidiary of a massive US$5,2bn (about R71bn). The confirmation of an earlier report published by Technology Times in Nigeria