Browsing: NCC

MTN’s Nigerian nightmare is over

MTN Nigeria has agreed to pay a total cash amount of 330bn naira – the equivalent of $1,7bn (R25,1bn) at the official exchange rate, or R13,6bn on the parallel market – to settle the fine

MTN defends ex-CEO’s R24m payout

MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine

Nigeria suspends talks with MTN

Nigeria has reportedly suspended discussions with MTN over the record US$3,9bn fine imposed on the mobile operator’s subsidiary there while the country’s parliament investigates the size of the penalty and the way in which it was imposed

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MTN gave CEO R24m golden handshake

Former MTN CEO Sifiso Dabengwa was given a R23,7m golden handshake after resigning from the telecommunications group last year. Dabengwa resigned from the company on 9 November 2015, just months after

MTN slumps on Nigeria reports, dividend

MTN on Thursday advised shareholders not to make decisions based on press reports after the telecommunications group’s shares were knocked down by more than 10% on speculation that its fine in Nigeria could be hiked to R240bn. The shares were also knocked

Nigeria reinstates regulatory services to MTN

Nigeria’s telecommunications regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday. The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year

MTN hikes dividend despite troubles

Despite the hellish time it had in Nigeria in the final quarter of its 2015 financial year – facing a fine of US$3,9bn from regulators there – telecommunications group MTN has announced it is hiking its final dividend to R8,30/share, up by 3,8% on 2014’s payout.

Investors dump MTN after profit warning

MTN’s share price fell by more than 20% at one stage in trading on the JSE on Friday after warning on Thursday after markets closed that its headline earnings per share would fall by more than 20% for

MTN warns profits to fall sharply

MTN’s headline earnings per share for the year ended 31 December 2015 will fall by at least 20%, the JSE-listed telecommunications group warned investors on Thursday after markets closed. The group has blamed operational

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