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MTN Nigeria gets $5.2bn fine

2015-10-27 01:00:00| Total Telecom industry news

Nigerian telco says it was hit with hefty NCC fine due to timing of SIM card disconnections.

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MTN confirms USD 5.2 bln fine in Nigeria

2015-10-26 16:30:00| Telecompaper Headlines

(Telecompaper) MTN Group has confirmed that the Nigerian Communications Commission (NCC) has imposed a fine equivalent to USD 5.2 billion on its subsidiary in Nigeria. In a statement to its shareholders, MTN said this fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September for failure to register their personal details. The fine is based on an amount of NGN 200,000 for each unregistered subscriber. MTN Nigeria said it's in discussions with the NCC "to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers".

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MTN lowers FY subscriber growth outlook

2015-10-22 13:11:00| Telecompaper Headlines

(Telecompaper) Africa and Middle East mobile operator MTN has cut its guidance for net subscriber additions this year, hurt by required customer registration processes in Nigeria and Cameroon. It now expects to add a net 14.8 million new customers this year, compared to its guidance in June of 16.75 million. In Nigeria, the forecast was cut to 4.5 million from 5.0 million, after MTN already disconnected around 5.1 million Sims in the third quarter for failed registration. The forecast in Cameroon was slashed to 750,000 from 1.15 million. Overall, MTN managed to grow its customer base 0.9 percent quarter-on-quarter in Q3, to a total 233.05 million at the end of September. Mobile Money subscribers reached 36.5 million, up 12.7 percent from three months earlier. Data traffic rose 120 percent year-on-year, and data revenue at constant currency rates was up 27.0 percent, accounting for 23.2 percent of total revenue. 

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Fabege: Green framework for Nya SFFa s MTN programme

2015-10-07 18:15:31| Appliances - Topix.net

Jointly with SEB, Nya Svensk FastighetsFinansiering AB has developed a Green Framework for the company's MTN programme. To ensure that Nya SFF's framework meets stringent environmental standards, it has been reviewed by the Center for International Climate and Environmental Research , an independent research institute based at the University of Oslo.

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MTN Ghana rolls out HSPA in six regions

2015-10-06 13:07:00| Telecompaper Headlines

(Telecompaper) MTN Ghana has completed deployment of its High Speed Packet Access (HSPA) mobile broadband systems in the 900 MHz band (UMTS900) to enhance internet service in six regions of Ghana. They are the Northern, Upper East, Brong Ahafo, Volta, Central and Eastern Regions. MTN is poised to extend the benefits of mobile broadband through its 3.5G network to more and more rural and semi-urban areas in the country. The system supports a bandwidth of just 4.2 MHz to provide UMTS service while working with the existing GSM network.

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