South African telecommunications provider, MTN and the Central Bank of Nigeria (CBN) are on the verge of striking a deal and coming to an amicable resolution in their dispute over the repatriation of $8.1 billion, according to Nigeria’s Minister of ...
Telecom
Oct 19, 2018 | Nigeria: Central Bank and MTN to Strike a Deal in $8.1Bn Dispute
Oct 08, 2018 | Nigeria: Central Bank Slaps MTN Nigeria With A Counterclaim
The Central Bank of Nigeria has responded with a counterclaim to MTN Nigeria’s request for an order to stop the bank that is forcing it to repatriate a staggering amount of USD8.1 billion that CBN claims was illegally sent out ...
Oct 03, 2018 | MTN May Stop Proposed IPO Over $10Bn Demand By Nigeria
In the midst of facing a combined $10 billion in claims from the Nigerian authorities, MTN Group Ltd said there might no longer be a need to raise capital through an initial public offering on Nigeria’s stock exchange. Africa's mobile ...
Sep 25, 2018 | MTN Operating Licence Will Be Renewed In Uganda - UCC
Uganda Communications Commission will reinstate the operating licence of the local unit of the MTN Group, a South African telecom company, albeit coming with “new stricter terms.” According to Mr Frank Tumwebaze, Uganda's Minister of ICT, MTN was given the ...
Nigeria: CPC And NCC Collaborates To Protect Telecom Subscribers
The Consumer Protection Council (CPC) together with Nigeria Communications Commission (NCC) has joined forces to investigate the practices of call masking in the country. NCC's Executive Vice Chairman, Professor Umar Garba Danbatta who spoke at the meeting between both government ...
Nigeria: MTN In Suspense Over NCC's Decision To Review Visafone Licence
The plans of leading telecommunications company MTN Nigeria to acquire Visafone's license, frequencies and subscribers, has been suspended by the Nigerian Communications Commission (NCC) to enable the commission to examine the acquisition more closely. The network regulator released a statement, ...
Nigeria: NCC Introduces Spectrum Acquisition Palliatives To Encourage Emerging Telecom Operators
The Nigerian Communications Commission, (NCC) through the Executive Vice Chairman, Prof. Umar Danbatta, has disclosed that new measures have been approved to accommodate all telecom operators in the country. According to the Prof Danbatta: "There are palliatives for spectrum, reduction ...
MTN Group To Introduce New Products In Namibia
Giant telecoms provider MTN has announced plans to introduce new services in Namibia by August 2018. According to MTN Namibia Executive, Hester Marais, MTN will be using Namibia’s state-owned network for its services, with further plans to also make its ...
Ethiopia Plans To Sell Stakes Of National Telcom
The government of Ethiopia's has announced its decision to open up its telecoms market to international investors. The country's Prime Minister, Abiy Ahmed who made this announcement said that 5 percent of the equity in each company would be opened ...
Nigeria: Lawmakers Orders The 'Expulsion' of Samsung Chief Executive
Samsung Managing Director Mr Young Ho Jo has been expelled from Nigeria back to South Korea for entering the country without accurate documentation, it is being reported. The Nigerian Senate ordered the removal of Mr Young Ho Jo, after the ...
Nigeria: MTN Looking To Sell Some 30 Percent Share Capital To The Public
Reports are indicating that the leading mobile network operator, MTN Nigeria, may sell about 30 percent ordinary shares to Nigerians in a much-awaited initial public offering (IPO). Interested parties in the IPO indicated that MTN Nigeria could sell the said ...
Malawi Kicks Off SIM Registration Exercise After Suspension
A new deadline of September 30 has been announced by The Malawi Communications Regulatory Authority (MACRA) for all mobile subscribers in the country to register their SIM cards, while all newly purchased SIMs would have to register within seven days ...
Nigeria: Mobile Telecom Subscribers To Enjoy Data Roll-Over From June 2018
Following constant complaints from subscribers, The Nigerian Communications Commission (NCC) has given a directive to mobile network operators in the country to start data rollover from the 26th of June 2018. Before now, any subscriber's unfinished or unused data subscription ...
Uganda: MTN Receives License Renewal Conditions
The Uganda Communications Commission (UCC) has released a policy which states that for MTN Uganda to renew its licence, it must widen its current 4G coverage in urban areas and cover all other areas with 3G. The leading telecom provider ...