Browsing: Nigerian Communications Commission

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

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

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

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

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

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

MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine

Nigeria has reportedly suspended discussions with MTN over the record US$3,9bn fine imposed on the mobile operator’s subsidiary there while the country’s parliament investigates the size of the penalty and the way in which it was imposed

Former MTN CEO Sifiso Dabengwa was given a R23,7m golden handshake after resigning from the telecommunications group last year. Dabengwa resigned from the company on 9 November 2015, just months after

MTN on Thursday advised shareholders not to make decisions based on press reports after the telecommunications group’s shares were knocked down by more than 10% on speculation that its fine in Nigeria could be hiked to R240bn. The shares were also knocked