Browsing: Phuthuma Nhleko

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PIC forced board shake-up at MTN [update]

MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.

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Thabo Mbeki to chair new MTN advisory board

Former deputy finance minister Mcebisi Jonas will replace Phuthuma Nhleko as chairman of MTN Group at the end of the year. At the same time, former President Thabo Mbeki will head a new advisory board.

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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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