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MTN casts doubt on reports of Nigeria fine settlement

2016-03-11 01:00:00| Total Telecom industry news

South African telco does not confirm reports that it has offered US$1.5 billion to settle Nigeria SIM card matter.

Tags: reports fine doubt nigeria

MTN full-year profit tumbles

2016-03-04 01:00:00| Total Telecom industry news

Weak economy, fierce competition, Nigeria fine take their toll on South Africa-based telco's results.

Tags: profit mtn tumbles fullyear

MTN to cut dividend amid Nigerian market uncertainty

2016-03-03 10:05:00| Telecompaper Headlines

(Telecompaper) MTN Group has reported a 0.1 percent increase in revenue to ZAR 147.1 billion in 2015 from ZAR 146.9 billion in 2014. Revenue remained flat largely because of a decline in voice revenue in Nigeria and a reduction in handset revenue in South Africa after industrial action there. This was largely offset by an increase in data revenue across the business, though. MTN's basic headline earnings per share declined by 51.4 percent to ZAR 7.46, largely due the Nigerian regulatory fine provision (ZAR 9.29 billion). While MTN increased its annual dividend 5.2 percent to ZAR 13.10 per share, it forecast a sharp fall to ZAR 7 in 2016, due to the uncertainty in the Nigerian market.

Tags: market cut uncertainty dividend