Africa’s biggest mobile network, MTN, could have avoided a US$5,2bn fine in Nigeria, but regulators in that country have also been harsh on the company. This is according to Dobek Pater. who is a director and analyst at telecoms, IT and media research firm Africa
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In a rather bizarre non-event, trading in MTN shares was suspended for a little over two hours on the JSE on Monday, pending an announcement from the company. Trading however resumed in the
The JSE has suspended trading in MTN shares with immediate effect. The halt in trading comes after the share price went on a rollercoaster ride on Monday morning following reports in the
Shareholders looking for a detailed update on Monday about MTN’s negotiations with Nigerian authorities over the US$5,2bn (R72bn) fine levied on the telecommunications group by the Nigerian
MTN shares were under renewed pressure on Monday morning amid a report out of Nigeria that the JSE-listed telecommunications group has agreed to pay a US$5,2bn fine imposed by the Nigerian Communications
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
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