Browsing: Nigerian Communications Commission

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

Nigeria’s telecommunications regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday. The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year

Despite the hellish time it had in Nigeria in the final quarter of its 2015 financial year – facing a fine of US$3,9bn from regulators there – telecommunications group MTN has announced it is hiking its final dividend to R8,30/share, up by 3,8% on 2014’s payout.

MTN’s share price fell by more than 20% at one stage in trading on the JSE on Friday after warning on Thursday after markets closed that its headline earnings per share would fall by more than 20% for

MTN’s headline earnings per share for the year ended 31 December 2015 will fall by at least 20%, the JSE-listed telecommunications group warned investors on Thursday after markets closed. The group has blamed operational

Volatility in MTN’s share price has seen the counter add more than 42% since its 52-week low just a month ago as investors pile back in on a range of factors, including the publication in two weeks of its year-end results. From MTN’s recent low

A court in Nigeria has given MTN and the Nigerian Communications Commission two months to try to settle a dispute over a record-setting US$3,9bn fine imposed on the telecommunications operator by the commission. The development has raised hopes that

MTN could be forced to cough up as much as R1,5bn to Cameroonian authorities after a special anti-corruption commission, known as Conac, found that the operator, along with rival Orange, owed nearly R2,8bn in taxes and royalties to the government

MTN’s Nigerian operation is likely to report a profit after tax of approximately R15,9bn for the year ended 31 December 2015, it was revealed on Tuesday. The JSE-listed telecommunications operator, which is facing a R65,2bn fine from Nigerian authorities for failing to disconnect 5m