The MTN Group has announced plans to sell 575 million shares in MTN Nigeria. This is contained in a notice signed by the Company Secretary, Mrs Uto Ukpanah on Thursday in Lagos. The statement said the public offer would be by way of book build to institutional investors and fixed prices to retail investors. “Today Read More…
Telecommunications
Airtel Africa eyes broadband and mobile money boost after bumper first half
In picture above: A general view shows customers and employees inside a mobile phone service centre operated by Kenyan telecom operator Airtel Kenya at the Sarit Centre within the Westlands district of Nairobi, Kenya January 29, 2021. REUTERS/Thomas Mukoya NAIROBI, Oct 28 (Reuters) – Airtel Africa expects a boost from growing demand for mobile broadband Read More…
MTN plans to pump N600bn into Nigerian network infrastructure over 3 years
Telecom giant, MTN Nigeria Communications plans to pump over N600bn into network infrastructure across Nigeria over the next three years. The move is expected to improve telecommunications services across the country. This was revealed by the Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, at the company’s 20th anniversary celebration held in Lagos on Sunday. Read More…
Telcos withdraw shortcodes for bank transfers from Monday
An unresolved squabble between banks and Mobile Network Operators (MNOs) over accumulated service debt may cause consumers to stop enjoying the use of Unstructured Supplementary Service Data (USSD) codes otherwise known as shortcodes from Monday, 15th March. In a press statement issued by the MNOs under the umbrella of the Association of Licensed Telecommunications Operators Read More…
MTN announces new MTN Nigeria CEO and MTN Group chief risk officer
The MTN Group on Monday announced two important new appointments: that of chief executive officer of major subsidiary MTN Nigeria Communications Plc and that of MTN Group chief risk officer, a new group executive committee (exco) position. Both are effective from 1 March 2021. Karl Olutokun Toriola, current vice president for MTN Group’s West and Central Read More…