Browsing: Nigerian Communications Commission

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MTN hit by regulatory fine in Rwanda

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

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MTN Nigeria listing in jeopardy

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

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MTN may pull plug on $220m Visafone deal

MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two

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MTN sails into perfect financial storm

MTN has hit a perfect storm of bad news in the first half of its 2016 financial year, with the telecommunications group warning that it will report a basic headline loss per share of between R2,55 and R2,85 on Friday when it

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MTN to report a first-half EPS loss

Telecommunications group MTN warned on Tuesday that its profits for the six months ended 30 June 2016 will have come under pressure as a result of the record-breaking fine imposed on it in Nigeria and pressures

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MTN secures access to crucial spectrum

MTN Nigeria has won access to the 2,6GHz spectrum band. This is a crucial band for providing wireless broadband services and comes well ahead of the allocation of access by South African authorities to local mobile operators, including

Editor's pick
How to stop the R2/MB extortion

Much like interconnect rates which for years remained stubbornly and unreasonably high, punitive out-of-bundle mobile data rates are a relic of a bygone era. Sure, operators might have been justified in charging R2/MB

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MTN promises caution on Nigeria listing

MTN will not list its subsidiary in Nigeria unless market conditions are sufficiently conducive to an initial public offering, the group’s interim executive chairman, Phuthuma Nhleko, told TechCentral

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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

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