Browsing: NCC

News
MTN ‘sailed too close to the wind’

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

News
MTN leaves market guessing

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

News
JSE halts trading in MTN shares

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

News
MTN says Nigeria talks continuing

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

News
MTN agrees to pay $5,2bn fine: report

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

In-depth
Nigeria: MTN calls in the big guns

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

News
JSE to launch formal MTN probe

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

News
MTN CEO in Nigeria as crisis talks continue

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

News
MTN given 18 days to pay $5,2bn fine

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

In-depth
How MTN got into so much trouble in Nigeria

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

1 4 5 6 7