MTN Rwanda looking at share sale, network upgrades

2018-11-17 14:26

MTN’s Rwanda unit is looking at the possibility of a share sale on the country’s stock exchange and is raising funds for planned network upgrades.

MTN is said to close in on $800m Nigeria settlement

2018-11-14 14:42

MTN is close to reaching a $800m settlement with Nigerian authorities over a claim it illegally transferred $8.1bn funds out of the country, according to a person familiar with the situation.

MTN CEO shrugs off Nigeria dispute, lays out banking plans

2018-11-13 14:49

Is MTN on the verge of being chased out of its biggest market? Not a bit of it, according to Chief Executive Officer Rob Shuter.

MTN's $10bn feud in Nigeria could place SA at risk - Reserve Bank

2018-11-07 20:03

MTN Group’s fights with Nigerian authorities over $10bn in repatriated funds and back taxes could increase risk in South Africa’s financial system, depending on the outcome, the Reserve Bank has said.

MTN adds subscribers, vows to proceed with Nigerian listing

2018-10-29 10:34

The company, which has been embroiled in regulatory disputes in its largest markets, including Nigeria, Iran and Ghana, boosted customers to 225.4 million.

Icasa: How the VAT hike pushed up your data costs

2018-10-15 17:32

Vodacom has the most expensive standard voice tariffs for prepaid calls, according to a price analysis report released by Icasa.

Rising US Treasury yields continue to supress global stocks

2018-10-08 18:36

The drop on Monday was led by the Chinese mainland benchmark which reopened after a week-long holiday to trade significantly lower. The Shanghai Composite Index eventually closed 4.3% lower while the Hang Seng lost 1.39%.

MTN faces mounting pressure from Nigeria on $8bn claim

2018-10-05 10:17

Nigeria’s central bank says MTN should not be given an injunction that would stop the wireless carrier having to transfer $8.1bn back to the West African country.

Top Africa stories: Trump offered land in Zim, Lesotho opposition parties

2018-09-27 07:33

Zimbabwean leader Emmerson Mnangagwa says he had offered Donald Trump land to build a state of the art golf course, and Lesotho's opposition parties have reportedly pulled out of the SADC recommended reform process.

Nigeria's MTN attack fizzles as Standard Bank gets reprieve

2018-09-25 16:02

After coming out all guns blazing, Nigeria’s central bank surrendered more ground in its tussle with MTN by giving a reprieve to one of the banks accused of illegally moving $8.1bn out of the country.

 

New mobile data rules: Relief coming for consumers as Icasa settles case with Cell C, MTN

2018-11-15 19:41

Icasa says it has reached a settlement with Cell C and MTN over the implementation of data rules.

MTN moves closer to resolving $10.1bn Nigeria dispute

2018-11-14 07:58

It is in ongoing discussions with Nigeria’s central bank and other institutions, and is “narrowing down what the key issues are,” says its CEO Rob Shuter.

MTN is said to be nearing Nigeria deal over $8.1 billion claim

2018-11-09 06:15

The mobile operator is close to securing a deal with Nigeria’s central bank over an order to repay $8.1bn it is alleged to have illegally taken out of the country, according to a person familiar with the matter.

Telkom switching from MTN to Vodacom for roaming deal

2018-11-07 17:50

Vodacom and Telkom have signed a long-term, multi-billion rand deal that will see Telkom phasing out its roaming agreement with MTN and obtaining roaming and facilities leasing services from Vodacom.

Data won't fall if providers' costs don't fall, inquiry hears

2018-10-18 18:00

The high cost of data across all mobile service providers in South Africa has come under scrutiny at the 2nd day of public hearings into the Competition Commissions Data Market Inquiry on Thursday in Pretoria.

South Africa to start 4G spectrum auction by April 2019, says Cwele

2018-10-11 19:48

The sale is likely to attract interest from wireless carriers including Vodacom Group and MTN Group, which have long bemoaned a lack of opportunities to expand services.

MTN documents mean Nigerian claim could be resolved 'amicably' soon - Central Bank

2018-10-07 16:05

MTN and its bankers have provided more documents that may reduce Nigeria’s $8.bn claim, which could be resolved "amicably" soon, says Central Bank of Nigeria Governor Godwin Emefiele.

MTN considers scrapping Nigerian IPO as dispute weighs on shares

2018-10-01 16:50

MTN, the wireless carrier facing a combined $10bn in claims from Nigerian authorities, says it may no longer seek to raise capital through an initial public offering on the country’s stock exchange.

Nigeria adopts softer tone on MTN

2018-09-26 13:18

Nigeria appears to have taken a softer stance on Africa's leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 in dividends will be "resolved".

#RIPFreeTwitter trends as MTN pulls plug on free service

2018-09-22 14:38

A furore erupted on Twitter on Saturday after MTN announced that its free Twitter service will come to an end.

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