Browsing: Phuthuma Nhleko

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MTN to pay just $53-million to end Nigeria dispute

Christmas has come early for MTN Group. The telecommunications operator’s shares are likely to soar when markets reopen on Thursday in Johannesburg after it announced it has settled a multibillion-dollar dispute in Nigeria.

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MTN reaffirms dividend despite Iran sanctions

MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending US

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Standard Bank said to be building an MVNO

Standard Bank is building a mobile virtual network operator, according to well-placed industry sources. The bank has hired former Virgin Mobile South Africa CEO Steve Bailey to its executive team. Standard Bank is

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MTN getting ready for Nigeria listing

MTN Group is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, CEO Officer Rob Shuter said on Wednesday. “We have

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Turkcell hits back at MTN in R59bn lawsuit

Turkcell has hit back at rival MTN, accusing the company of advancing “a variety of expected and meritless technical legal defences” as the two companies prepare to square off in the high court in Johannesburg over the awarding

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MTN moves to have R59bn Turkcell suit thrown out

MTN Group has moved to have Turkcell’s $4.2bn (R59bn) lawsuit against it thrown out by the high court in South Africa, arguing, among other things, that several previous attempts by its rival, in other forums, to seek redress against

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Showdown looming over Turkcell’s R53bn MTN claim

MTN’s Turkcell headache just won’t go away. The JSE-listed telecommunications group is headed to court after a legal challenge from the Turkish operator, this time in Johannesburg, over the awarding of its operating licence in

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MTN slammed over bosses’ millions

Nearly 40% of MTN shareholders voted against the advisory endorsement of the group’s remuneration policy at its AGM on Thursday. Only 62,6% of those who voted, did so in favour

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