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
Browsing: MTN
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
MTN’s share price was trading down by more than 5% at lunchtime on Monday after reports emerged from Nigeria that the telecommunications group is facing a fine of more 1,04 trillion naira
An analysis of MTN’s third quarter results, published on Thursday, show the telecommunications group’s South Africa operation may finally be putting its weak performance of recent years behind it. However, it’s still struggling to grow its post-paid subscriber base
Samsung is the dominant cellphone brand in the minds of urban consumers, according to new research by BMI-TechKnowledge. When asked what handset they would choose in the future, nearly a third of 1 500 survey respondents interviewed in metropolitan areas selected Samsung
Times Media Group’s Vidi video-on-demand platform has been “struggling to gain traction in the market”, TMG parent Tiso Blackstar Group said this week. In notes alongside
An investment in Adapt IT over the past three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and