Browsing: NCC

Duncan McLeod
MTN fine is a state-sanctioned mugging

It’s time to call the situation South African telecommunications group MTN is facing in Nigeria what it really is: a state-sanctioned mugging. The Nigerian government, through its communications commission, is pointing a gun at MTN’s head, demanding that it hand

Reduction of MTN fine a ‘positive’ move

Nigerian regulators’ decision to reduce MTN’s multibillion-dollar fine is a “positive” move and if the penalty was “arbitrary”, then the company would have turned to the courts. This is according to a board member for the South Africa-Nigeria

MTN hasn’t asked us for help yet: Cwele

MTN hasn’t yet asked South Africa’s department of telecommunications & postal services for help regarding its multibillion-dollar fine in Nigeria. This is according to telecoms minister Siyabonga Cwele, who was speaking on the

Nigeria tells MTN: give us R7,7bn more

The Nigerian Communications Commission (NCC) has told MTN that it didn’t actually mean it when it said it had cut the fine it imposed on the telecommunications operator by 35%. In a second letter to the group in as many days, it said the fine would be reduced instead by only 25%

MTN in huge restructuring, management overhaul

The telecommunications group has received a major shake-up, which has resulted in the appointment of a new chief operating officer and the “resignation” of the CEO of its Nigerian operation. Nigerian CEO Michael Ikpoki and head of regulatory and corporate affairs

MTN Nigeria fine reduced by a third

The Nigerian Communications Commission has decided to reduce the fine imposed on MTN by 35%, the telecommunications group said on Thursday. The size of the fine remains by far the largest fine ever imposed on a telecoms

More trouble for MTN in Nigeria

Apart from facing a US$5,2bn fine in Nigeria, mobile network MTN has this year already paid millions of rands in other penalties, according to regulators. MTN announced in October that

MTN share price crashes again

MTN’s share price slumped by more than 8% on Tuesday morning over fresh concerns among investors about whether the group, which is listed on the JSE, will have to pay the full amount of a

MTN said to make progress on Nigeria fine

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