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Tag Archives: MTN

We are well advanced with the Nigerian listing, says MTN group boss, Shuter

Contrary to speculations that the structured payment of the fine levied on it by the Nigerian Communications Commission (NCC) over breaches in deactivating unregistered SIM cards few years ago, MTN group has said it is pushing ahead with listing in the Nigeria Stock Exchange (NSE). The company through its Chief Executive Officer, Mr. Rob Shuter, said plans for an initial ...

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Fall in MTN’s market share in economies traced to general drop in purchasing power

Leading telecoms analysts in Nigeria have traced the observed drop in MTN’s market share and others in some economies to shocks in the disposal income of subscribers’ which led to the serious impairments in uptake of telecoms services in 2017. It would be recalled that the Nigerian and South African economies suffered recession within the period under review. MTN group’s ...

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MTN exploring previous successful deals with ZTE to drive 5G in MEA—Fouladi

MTN-logo 33

Group Executive for Technology and Information Systems at MTN, Mr. Babak Fouladi, has revealed that the telecom giant is relying on past successful deals with ZTE to grow digital broadband experience in Middle East and Africa (MEA). Addressing Nairobi-based Africa Business Communities on the latest partnership with ZTE bordering on test running of 5G technology, he said the current drive ...

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MTN overrides others as internet subscribers hit 98.3m in December

NCC 99

Whereas latest statistics on Nigeria’s internet uptake has shown that users increased marginally to 98.3million in December 2017, the figures revealed that MTN Nigeria grossed network users with 2,642.666, new internet users, thus increasing its subscription in December to 36,069,597, from 33,426,931 in November. The details were up on Thursday on Nigerian Communications Commission’s  (NCC) website showing Monthly Internet Subscribers ...

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MTN flags off pioneer 5G trial in Africa with Ericsson

MTN Nigeria

In keeping tab with global technological trends and in continuance of telecoms technology leadership in the continent, MTN and Ericsson have announced the first 5G technology and applications trial in Africa, a part of 5G introduction demonstration from the first quarter of 2018. Already, both groups had sealed a memorandum of understanding (MOU) in November at AfricaCom, to collaborate on ...

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9mobile’s ownership odds favour Teleology Holdings, Globacom

9Mobile

Out of the last five shortlisted investors to acquire the embattled 9mobile Telecoms, indications emerged weekend, pointing to the directions of either Nigeria’s national carrier, Globacom or Teleology Holdings Limited, a special purpose vehicle (SPV), put up by some influential Nigerians with foreign stakeholders link (names with held) to bid for ownership of the company currently stressed by loan default. ...

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MTN transiting from losses to profit-making after turbulent 2016, but…

MTN shop

Surprisingly, even as subscriber base of the group is nose-diving in both Nigeria and Ghana,  the MTN group, indigenous continental largest telecoms operator has moved away from a turbulent 2016 characterised by fines and sanctions to profit regime. MTN said on Thursday in Johannesburg that its earnings for first-half of the year had rebounded. The group also revealed that its ...

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MTN’s September listing plan on Nigerian Stock Exchange alive—Tsaagane

MTN shop

MTN General Manager in Abuja, Mr Nikiwe Tsaagane, has again renewed the hope of listing its shares on the Nigerian Stock Exchange (NSE) this year during a courtesy visit to the Minister of Science and Technology. Dr Ogbonnaya Onu. The official noted that whereas efforts are on to fast-track improvement in the Nigerian economy, “It is going to offer important ...

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NATCOMS seeks N10,000 air time for failed stoppage of unsolicited sms, calls

NCC head office, Abuja

The National Association of Telecoms Subscribers of Nigeria (NATCOMs) has flagged off a mouth watering campaign for the payment of N10,000 worth of airtime to subscribers whose official request for end to unsolicited sms and calls to any network fails henceforth. This according to the body is coming on the heels of observed failure of networks to respect subscribers’ requests ...

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Trial begins on Turkey’s Turkcell $4.2bn suit against MTN in S/Africa

MTN logo

After years of delays, hearing begun Thursday in a South African court on $4.2 billion lawsuit against South Africa’s MTN over a disputed Iran licence instituted by Turkish mobile operator, Turkcell. It would be recalled that Turkcell first sued Johannesburg-based MTN in a U.S. court in 2012, alleging the South African mobile company used bribery and wrongful influence to win ...

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