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Nigeria extends MTN fine deadline

2015-11-16 01:00:00| Total Telecom industry news

Telco still negotiating with officials over $5.2 billion penalty for not disconnecting unregistered SIM cards.

Tags: fine nigeria extends deadline

 

MTN Group CEO resigns over Nigeria fine

2015-11-09 08:53:00| Telecompaper Headlines

(Telecompaper) MTN Group CEO Sifiso Dabengwa has resigned with immediate effect. A statement from the company said Phuthuma Nhleko, the current non-executive chairman has agreed to act as executive chairman for up to six months while the company identifies a successor for Dabengwa. In his resignation, Dabengwa said "due to the most unfortunate prevailing circumstances occurring at MTN Nigeria," he has in the interest of the company and its shareholders tendered his resignation with immediate effect. Nhleko was CEO until March 2011 when Dabengwa took over. Alan van Biljon will continue to serve as the Lead Independent Director on the MTN board of directors whilst Nhleko takes over executive responsibility. 

Tags: group fine ceo nigeria

 
 

MTN chief Sifiso Dabengwa quits over Nigeria fine

2015-11-09 01:00:00| Total Telecom industry news

South Africa-based telco appoints former CEO Phuthuma Nhleko to serve as executive chairman for next six months.

Tags: fine chief nigeria mtn

 

MTN chief in Nigeria over $5.2bn fine

2015-11-03 01:00:00| Total Telecom industry news

Sifiso Dabengwa reportedly hopes to negotiate smaller penalty in meeting with senior officials.

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MTN shares suspended after $5.2bn fine

2015-11-02 12:22:10| BBC News | Business | UK Edition

Shares in Africa's biggest mobile operator, MTN, are suspended in the wake of a huge fine imposed by Nigerian regulators.

Tags: fine shares suspended mtn

 

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