Tags / MTN Group

MTN’s Nigerian IPO in jeopardy?

MTN Group’s plans to launch a IPO process for its Nigerian unit may be under threat following an order by the Nigerian central bank to pay US$8.1bn that the latter claims was sent abroad illegally. The amount is over half of MTN’s market cap and the allegations sent the telecoms group’s shares plummeting 25%, marking a nine-year low.

According to Reuters reports, the demand from the central bank will affect market conditions and in turn affect MTN’s plans to IPO by the end of the year, or at all.

Ugandan telco to list operations

Uganda has asked the local unit of South African telecoms

MTN Group halts Iran fibre plan

MTN Group's US$750m plan to extend home fibre broadb

MTN Group halts Iran fibre plan

MTN Group's US$750m plan to extend home fibre broadband connections to Iranian cities has been put on hold due to the potential economic sanctions imposed by US President Donald Trump, Bloomberg reports.

As previously reported, MTN planned last year to buy a stake in state-owned broadband provider Iranian Net. However, the Iranian government has not been able to contribute funding so far, the report says.

MTN set to raise debt in Nigeria

MTN Group plans to borrow as much as NGN400bn (US$1.1bn)

MTN, ZTE to launch 5G across MEA

South Africa-based MTN Group has partnered with Chinese f

MTN to list Nigerian unit this year

MTN Group plans to raise about US$500m from the sale of s

MTN Ghana CEO promoted

After two years as MTN Ghana CEO, Ebenezer Asante has bee

MTN Nigeria IPO in progress

MTN Group should complete the listing of its Nigeria unit

MTN SA CEO leaves

MTN Group announced that Mteto Nyati will be stepping dow

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