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MTN resolves $8.1 billion tax dispute in Nigeria
2019-01-02 01:00:00| Total Telecom industry news
MTN Group has reached an agreement with the Nigerian government over a high-profile taxation dispute that has weighed heavy on the pan-African telcos' share price for months. The Nigerian government originally accused MTN Group of improperly repatriating $8…read more on TotalTele.com »
Tags: tax
billion
nigeria
dispute
MTN agrees settlement with Nigerian Central Bank
2018-12-27 09:48:00| Telecompaper Headlines
(Telecompaper) MTN Group said it has reached an agreement with the Central Bank of Nigeria (CBN) over the repatriation of USD 8.1 billion from Nigeria to South Africa allegedly in breach of forex rules, and is withdrawing its cautionary share trading warning. It has agreed to pay a notional reversal of the 2008 private placement of shares in MTN Nigeria at a net cost of some NGN 19.2 billion (USD 52.6 million) but without admission of liability. The CBN said that certain certificates of capital importation (CCIs) used in the private placement had not been properly issued.
Tags: central
bank
settlement
agrees
PepsiCo unveils "endurance" Mountain Dew for gamers, Mtn Dew Amp Game Fuel
2018-12-07 12:17:00| Daily beverage news and comment - from just-drinks.com
PepsiCo is to launch a new Mountain Dew CSD that claims to give video gamers increased accuracy and alertness.
Africa's biggest wealth fund ups its stake in MTN Group
2018-12-04 01:00:00| Total Telecom industry news
One of Africa's largest investment funds has increased its stake in MTN Group, following the continued decline in the telcos share price. The Public Investment Corporation (PIC) increased its stake in MTN Group from 24 per cent to over 26 per cent…read more on TotalTele.com »
Orange, MTN launch mobile money interoperability across Africa
2018-11-23 08:39:00| Telecompaper Headlines
(Telecompaper) Orange Group and MTN Group have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost. Mowali will immediately benefit from the reach of MTN Mobile Money and Orange Money, bringing together over 100 million mobile money accounts and mobile money operations in 22 of sub-Saharan Africa's 46 markets.
Tags: money
mobile
africa
orange
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