MTN shares rise by 2.6% on possible resolution of $10b demand
Shares of South Africa’s MTN Group rose by 2.6 per cent Wednesday, on the Johannesburg Stock Exchange, following media report of a possible resolution and reduction of the $10.1 billion claims on it in Nigeria. Bloomberg, while quoting a source, said the deal hasn’t been signed and could yet fall through. On Tuesday, the Group…
MTN closes in on $800 million Nigeria settlement
MTN Group Ltd. is close to reaching a $800 million settlement with Nigerian authorities over a claim it illegally transferred $8.1 billion funds out of the country, according to a person familiar with the situation. A deal hasn’t been signed and could yet fall through, said the person, who asked not to be identified as…
Senate condemns FG’s move to reduce MTN’s fine
The Senate has condemned attempt by the Federal Government to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million.
Glo, MTN beat others in internet QoS - NIWBQR
National Independent Wireless Broadband Quality Reporting (NIWBQR) service, which compares the quality of RF deployment for LTE amongst service providers in Nigeria, has rated Glo first in LTE downlink throughput, second only to MTN.
MTN launches device financing with Sterling Bank, PayJoy
In a bid to make smart phone acquisition easier, and convenient for Nigerians, Sterling Bank, MTN, PayJoy have partnered to launch ‘Device Financing; Pay Small Small’.
Operators record marginal Q3 growth
Although about 2.34 million lines were connected between August and September, the combined growth of the Mobile Network Operator (MNOs) for quarter three (Q3) has revealed a negative sign.
Court adjourns MTN’s suit against FG, CBN to December 4
Justice Saliu Saidu of a Federal High Court sitting in Lagos has fixed December 4, 2018, for hearing of the preliminary objection filed by the Central Bank of Nigeria (CBN) and other pending applications in a suit earlier instituted by MTN Nigeria.
MTN relaunches XtraValue proposition
To further deepen customer experience, MTN has relaunched its XtraValue proposition in Lagos, and presented top Nigerian actress, Dakore Egbuson-Akande as the face of XtraValue in the latest TV commercials.
MTN to proceed with Nigerian listing
MTN Group Ltd. boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.
MTN wins Telecom Company of the Year, four others at ATCON Awards
Information and Communications Technology Company, MTN Nigeria, was the biggest winner of the night at the 2nd edition of the Nigeria Tech Innovation & Telecom Awards (NTITA), 2018, held by the Instinct Wave and Association of Telecom Companies of Nigeria (ATCON) at the Oriental Hotel, Ikoyi, Lagos, Friday, 11th of October, 2018. The ICT company…