MTN hit with more fines in Nigeria

2015-11-24 10:10

Apart from facing a $5.2bn fine in Nigeria, mobile network MTN has this year already paid millions of rands in other penalties, according to regulators.

Nigeria's tighter business controls a 'new normal'

2015-11-20 06:30

Various SA companies like Telkom, Standard Bank, MTN and Tiger Brands, have learnt expensive lessons in Nigeria. However tighter regulations could be good for business.

'Disgruntled manager' sues Vodacom DRC for R200bn

2015-11-19 09:55

Mobile operator Vodacom is being sued in the Democratic Republic of the Congo by a controlling shareholder of a minority partner in that country.

Nigeria 'won't lower' MTN's $5.2bn fine

2015-11-17 07:50

Nigeria's telecommunications regulator says it is extending its deadline for MTN Nigeria to pay a $5.2bn fine but that it won't lower the amount of the penalty.

MTN making ‘headway’ on Nigeria fine - analyst

2015-11-16 10:17

Nigerian regulators’ decision to extend a November 16 deadline to fine MTN R74.8bn suggests discussions are making headway, says an analyst.

Nhleko in Nigeria to try to save the day for MTN

2015-11-15 15:01

Less than a week after stepping in as CE for MTN, Phuthuma Nhleko is in Nigeria to negotiate with authorities to reduce the R72bn fine slapped on Africa’s largest mobile operator.

Nigeria doesn't want MTN 'to die' from $5.2bn fine

2015-11-14 07:33

Nigeria does not want MTN to quit the country because of a $5.2bn fine imposed last month, its new communications minister said.

Fin24 users praise dual-SIM 'convenience'

2015-11-13 09:05

Fin24 users have indicated that dual SIM technology is handy when you have to manage more than one mobile number.

MTN Nigeria the 'victim of a shake down'

2015-11-11 13:31

Emerging markets fund Wells Fargo says a Nigerian regulator's $5.2bn fine against MTN is 'outrageous'.

Follow the optimists back into MTN shares? Not just yet – more pain likely

2015-11-10 15:15

The instinctive reaction of a contrarian investor is to be greedy when others are fearful - but there's rarely just one cockroach in the kitchen.


Nigeria's $5.2bn fine against MTN is 'world's largest'

2015-11-20 07:46

Nigeria's fine of $5.2 billion to MTN,is billions more than any company has been fined anywhere in the world and may well scare off investors, international analysts say.

MTN hit with R9.3m fine in Uganda

2015-11-19 13:55

Africa’s biggest mobile network MTN has been slapped with a Ugandan court order to pay damages for alleged anti-competitive behaviour.

MTN share price hammered over fine worries

2015-11-17 12:13

MTN's share price has continued its downward trend as news emerged that the Nigerian authorities would not reduce the $5.2bn fine.

Zim telcos rush to avoid MTN's Nigerian mistake

2015-11-16 21:45

Zimbabwean telecommunications firms are rushing to avoid MTN's compliance mistakes in Nigeria, with Econet Wireless reportedly disconnecting 1 million unregistered users.

Nigeria waives MTN deadline for R74.8bn fine payment

2015-11-16 07:54

MTN says it remains in talks with Nigerian regulators about a fine for failing to disconnect unregistered customers and that a payment deadline has been waived.

MTN chief in Nigeria ahead of $5.2bn fine deadline

2015-11-15 09:37

MTN's executive chairman Phuthuma Nhleko has been in Nigeria in a bid to deal with the mega-fine before a fast-approaching deadline.

How cellphone network providers 'drop the call' on rural patients

2015-11-13 11:31

Op-Ed: Cellphone network coverage can literally be a matter of life or death for patients in many rural health facilities where cellphone reception remain virtual “dead zones”.

Top money managers agree – no time to punt MTN; and SA’s most underrated CEO

2015-11-12 16:12

Alec Hogg has been talking about the relative merits of share investments over the dinner table with two of SA’s smartest money managers.

MTN mimics Apple with return of ex-boss

2015-11-10 16:29

Africa’s biggest mobile-phone company is following in the footsteps of Apple and Dell and turning to the person who brought it the most success: Phuthuma Nhleko.

What could MTN have done differently?

2015-11-10 14:44

Brand reputation adviser Solly Moeng looks at the Nigeria debacle and finds MTN could have done much more to show that it takes its stakeholders seriously.

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