MTN will not have to pay a US$5,2bn fine to Nigerian authorities today, 16 November, which was previously the deadline set down by the Nigerian Communications Commission for payment of the record-setting penalty after the telecommunications operator
Browsing: Phuthuma Nhleko
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
MTN Group CEO Sifiso Dabengwa has lost his job. Dabengwa will leave MTN with immediate effect, MTN said in a statement to shareholders early on Monday morning. His exit – which MTN is describing as a resignation
The resignation of MTN’s group CEO Sifiso Dabengwa should not be seen as an admission of wrongdoing, the operator’s spokesman said. MTN on Monday confirmed that Dabengwa had
Following the surprise news on Monday morning that MTN Group CEO Sifiso Dabengwa is “resigning” with immediate effect, the telecommunications operator has issued the following statement: MTN wishes to inform the market that MTN’s
Former MTN CEO Phuthuma Nhleko is rejoining the group’s board, this time as its chairman, outgoing chairman Cyril Ramaphosa announced at its annual general meeting on Tuesday. Nhleko, who was appointed as the group’s CEO in 2002 and led a series of acquisitions across Africa and the Middle East that built MTN into a leading
Although an MTN-commissioned investigation has ostensibly cleared the company of wrongdoing in Iran, its report is replete with examples of how the telecommunications group’s well-connected executives intervened to influence South African diplomacy in its favour. MTN
Last week Republicans seized on news that David Plouffe, a senior advisor in the White House, had accepted $100 000 from a subsidiary of MTN for two speeches he gave in Nigeria shortly before joining the White House staff in 2010. “Today’s story raises serious questions about [US President] Barack Obama’s senior
Former ambassador to Iran Yusuf Saloojee has been suspended from his position at the department of international relations & cooperation. “Yes, he has been suspended pending the outcome of an investigation,” spokesperson Clayson Monyela said. The investigation related to allegations that Saloojee accepted
Turkish cellphone operator Turkcell has accused SA-based multinational mobile giant MTN of orchestrating a “cover-up” rather than a credible investigation into claims that the South Africans bribed and influence-peddled their way into Iran in 2005. The Turkish company said in a statement that