Browsing: NCC

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%

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

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

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 will not have to pay a US$5,2bn fine to Nigerian authorities today, 16 November, which was previously the deadline set down by the Nigerian Communications Commission for payment of the record-setting penalty after the telecommunications operator

After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued

Analysts say more senior executives at mobile network MTN may have to face the music after the resignation of group CEO Sifiso Dabengwa. Dabengwa is the first executive casualty at MTN after the