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MTN Nigeria to pump $1.5bn into broadband
2021-08-03 02:00:00| Total Telecom industry news
On an analyst call yesterday, MTN Nigeria’s CEO Karl Toriola said that the company is planning to invest $1.5 billion over the next three years to enhance broadband access in Nigeria. Currently, MTN's 4G network covers 65.1% of the Nigerian population, up from 60.1% in December 2020. The Nigerian government wants to see 90% population coverage by 2025…read more on TotalTele.com »
Tags: nigeria
pump
broadband
mtn
MTN Nigeria revenue rises 17% in Q1, mobile subscribers fall by 5 mln
2021-05-03 09:59:00| Telecompaper Headlines
(Telecompaper) MTN Nigeria's revenue increased by 17.1 percent to NGN 385.3 billion in the first quarter ended 31 March compared with NGN 328.2 billion in the same period in 2020...
Tags: mobile
fall
revenue
nigeria
MTN Nigeria payment platform access restored but for how long?
2021-04-09 02:00:00| Total Telecom industry news
Last Thursday, Nigeria’s commercial banks disconnected MTN from their banking platforms, leaving its 77 million customers unable to purchase credit for their phones using apps, Unstructured Supplementary Service Data (USSD) codes, and even debit cards. The move came after MTN took the decision to cut the commission it pays to banks from 4…read more on TotalTele.com »
MTN Nigeria revenue rises 14% in first nine months, adds nearly 4 mln mobile subscribers
2020-10-29 09:40:00| Telecompaper Headlines
(Telecompaper) MTN Nigeria's revenue increased by 13.9 percent year-on-year to NGN 975.67 billion for the nine months to 30 September from NGN 856.55 billion in the same period of 2019. Service revenue increased by 13.9 percent to NGN 973.81 billion from NGN 854.94 billion in 2019. Mobile subscribers increased by 3.9 million to 75.0 million and active data users increased by 1.7 million to 30.7 million.
Tags: months
mobile
revenue
adds
MTN Nigeria denies improper repatriation of funds but advises share trading caution
2018-08-30 11:19:00| Telecompaper Headlines
(Telecompaper) MTN Nigeria has issued a trading caution to shareholders but denied any improper repatriation of funds, after the Central Bank of Nigeria (CBN) ordered the return of USD 8.1 billion it alleges the operator illegally moved out of the country. MTN said it received a letter on 29 August from CBN, alleging that Certificates of Capital Importation (CCIs) issued in respect of the conversion of shareholders loans in MTN Nigeria to preference shares in 2007, had been improperly issued.
Tags: share
trading
funds
nigeria