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Tag Archives: Rob Shuter

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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Ecobank Group partners MTN to deepen mobile money, financial inclusion in Africa

MTN Ecobank deal

MTN Group on Tuesday sealed a partnership deal with Africa’s leading independent banking group, Ecobank Transnational Incorporated (ETI). The collaboration is tailored to enable both companies leverage on each other’s assets with the aim of offering more value to their respective customers across the continent. MTN’s large subscriber base, comprehensive distribution, innovative digital products and drive for mobile financial services ...

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MTN Group may exit economies with high capex to drive growth this year

MTN Nigeria Ferdie-Moolman

More key investment signals are still emerging from the recently released bumper results of the leading telecom giant in Africa, the MTN Group Limited. Already, the group has started a critical review of happenstances in economies where it operates in terms of capital expenditure (capex) and cost of doing business vis-à-vis marginal earnings. Otherwise, the telecom is beginning to look ...

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MTN’s return to profitability strong boost for early listing in Nigeria—BHIU

MTN boss, Rob Shuter

A new report released by the Business Hilights Intelligence Unit (BHIU), the research arm of Business Hilights publications has noted that “The recent announcement of return to profitability by the MTN Group in earnings for the year ended 31 December 2017 remains a strong encouragement to go ahead and list on the Nigerian Stock Exchange (NSE), currently adjudged as one ...

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Aside failures in SA, MTN still working to rule Africa in Mobile Money Service

MTN Nigeria

Considering the intimidating forces of Financial Technology (FinTech) in growing seamless access to financial services using mobile money platforms, MTN, Africa’s most consolidated mobile operator, has started dreaming of floating what can be seen as Africa’s most innovative bank and financial services empire. This formed part of key presentation by Rob Shuter MTN CEO during the Deloitte Africa in 2018 ...

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MTN Nigeria again, shifts listing for another 6 months

MTN boss, Rob Shuter

Following the failure to hit the Nigerian Stock Exchange (NSE) on or before September this year as earlier touted, the telecoms giant has come out to say it is focused on laying the groundwork for an initial public offering of its Nigerian business in another span of six months. According to the Chief Executive Officer, Rob Shuter, the process is ...

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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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