Risk analysis firm, Moody’s, may ‘downgrade’ MTN amidst fresh Nigeria fines
On Tuesday, the Nigerian government slammed the firm with a $2 billion tax demand.
On Tuesday, the Nigerian government slammed the firm with a $2 billion tax demand.
Airtel, MTN and Globacom gained more internet subscribers during the month under review while 9mobile was the biggest loser.
MTN is yet to be listed on the Nigerian Stock Exchange.
The Nigerian government last week ordered MTN to repatriate $8.1 billion that the CBN said was illegally sent abroad.
As at noon Thursday, the company shares had plunged by as much as 23 per cent.
NLC is picketing facilities of the communication service provider across Nigeria for alleged anti-union practices.
Currently the state-owned operator, MTC, dominates in Namibia, a country of two million people.
''The plaintiff confirms he has been paid at the resumed hearing...''
The South African operator says about 200 million euros of its money remains in Iran.
The firm, however, outlined increases in dividend in the next three to five years.
The growth was marginal over November.
Total active voice subscriptions fell by 8.73 per cent from third quarter 2016.
The data shows an increase of 931,369 from October.
The figure shows an increase by 861,440 from September
The lawmakers however cleared MTN of wrongdoing, saying the firm broke no law.
MTN calls Turkcell's $4.2 billion claim "opportunistic".
The regulatory agency says 92.97 million out of the 93 million internet users were on GSM network while 30,309 users ...
MTN pledges to address the issues raised by the NLC.
The discussion has been on for two months.
The results were bolstered by the absence of charges related to a $1.1 billion fine imposed by Nigerian authorities.
Overall, internet users across Nigeria increased to 91.6 million.
The brands may have to inject more funds into local league
Active telecommunications service customers declined by 3,217,688 in April, as against 152,467,198 in March.
A court condemned the action of the telecommunication giant and awarded cost against it.
The court ruled on Monday that it had jurisdiction on the matter.
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