Browsing: Nigerian Communications Commission

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Hopes raised of MTN Nigeria settlement

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

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MTN runs into trouble in Cameroon

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

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MTN Nigeria set to post R15,9bn profit

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

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MTN, Vodacom market caps now matched

MTN’s market capitalisation is in danger of falling below that of rival Vodacom as investors continue to fret about the unprecedented fine the group is facing in Nigeria and uncertainty about its operational performance in that market and in South Africa

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MTN wins early victory in Nigeria

South Africa’s MTN Group has won an early victory in its legal battle with Nigerian authorities, securing the right to transfer money out of the West African nation after the federal government sought to freeze its accounts. This Day newspaper reported that Justice

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MTN acquires rival Nigerian operator

Far from pulling out of Nigeria over the record-setting US$3,9bn fine imposed on it by regulatory authorities in the West African nation, MTN has reportedly gone ahead with the acquisition of

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Nigeria plays hardball with MTN

The Nigerian government is playing hardball with MTN, demanding that the telecommunications operator pay a US$3,9bn (R59bn) fine for failing to cut off 5m unregistered Sim cards by 31 December, according to a report. Bloomberg reported that the

Duncan McLeod
MTN fine is a state-sanctioned mugging

It’s time to call the situation South African telecommunications group MTN is facing in Nigeria what it really is: a state-sanctioned mugging. The Nigerian government, through its communications commission, is pointing a gun at MTN’s head, demanding that it hand

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Reduction of MTN fine a ‘positive’ move

Nigerian regulators’ decision to reduce MTN’s multibillion-dollar fine is a “positive” move and if the penalty was “arbitrary”, then the company would have turned to the courts. This is according to a board member for the South Africa-Nigeria

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