MTN Group on Wednesday moved to reassure nervous investors that a crackdown by Nigerian authorities on unregistered phone lines will not have a huge adverse impact.
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Nigerian telecommunications firms blocked access to Twitter following a regulatory directive aimed at suspending the US social media giant indefinitely.
MTN Nigeria is at an advanced stage in renewing its operating spectrum and licence in Nigeria for another 10 years from September, the local unit of South Africa’s MTN Group said on Sunday.
Nigeria has given telecommunication providers an extra eight weeks to add valid national ID numbers to every Sim card registered in the country, according to a statement.
MTN is in a race against time to get about half its subscribers to comply with the Nigerian government’s stipulation that their Sims be connected to their ID numbers by the end of the year.
Nigeria’s telecommunications regulator has ordered mobile phone users to link their devices to their national identity numbers, raising the prospect of millions of lines being blocked.
Nigeria plans to invest R10.4-billion in broadband infrastructure over the next four years as the government sets its sights on nationwide coverage and to boost an economy recovering from a 2016 contraction.
Nigeria’s telecommunications regulator will strive to keep relations amicable between the government and MTN Group as the two parties negotiate $10-billion of claims against Africa’s largest wireless operator.
A Rwandan regulator has imposed a fine equivalent to R112m on MTN, the JSE-listed telecommunications group said on Wednesday. The fine, a tiny fraction of the one imposed on its by
MTN Group’s plan to sell shares in its Nigerian unit on the local stock exchange next year is at risk following allegations by lawmakers that Africa’s biggest wireless carrier illegally moved almost