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MTN Spends R40 Billion On Network Upgrades

MTN Spends R40 Billion On Network Upgrades

MTN has invested over R40 billion ($2,8 billion) in the past four years to build South Africa’s best network, the company disclosed as it announced it was developing a software-defined Wide-Area Network (SD-WAN) and re-purposing thousands of sites across the country. The move is aimed at harnessing narrowband internet of things (NB-IoT) as the rollout […]

The Story Corner : Awoof Data

The Story Corner : Awoof Data

A couple of days ago some people got on MTN cheat and got 120gb, 34,220gb. Guys, we know how expensive data is in this part of the world so you wouldn’t be surprised when this MTN cheat started rolling everywhere. Well, it all started with a guy who got the link to the cheat and […]

MTN Slashes Its Out Of Data Bundle Rates

MTN Slashes Its Out Of Data Bundle Rates

 MTN has slashed its out of bundle (OOB) data rate by up to 75 percent for prepaid customers. The mobile operator will also be doubling selected prepaid voice and data bundles for the next two months. Prepaid customers currently not making use of data bundles will pay just 29c per megabyte for their data usage, […]

MTN Documents May Cut $8.1 Billion Nigerian Claim, Emefiele Says

MTN Documents May Cut $8.1 Billion Nigerian Claim, Emefiele Says

MTN Group Ltd. and its bankers have provided more documents that may reduce Nigeria’s $8.1 billion claim on the South African wireless carrier, which could be resolved soon, Central Bank of Nigeria Governor Godwin Emefiele said. The central bank alleged in late August that MTN and four banks — Standard Chartered Plc, Citigroup Inc., Stanbic […]

MTN Receives Counterclaim From Nigeria’s Central Bank: MTN Lawyer

MTN Receives Counterclaim From Nigeria’s Central Bank: MTN Lawyer

MTN has received a counterclaim from Nigeria’s central bank to its request for an order to stop the bank forcing it to repatriate $8.1 billion it claims was illegally sent out of the country, the South African telecom’s lawyer said on Friday. MTN has received the central bank’s response to its court filing, Wole Olanipekun […]

CBN Uncovers Serial Fraud In Four Banks

CBN Uncovers Serial Fraud In Four Banks

Four commercial banks have been sanctioned by the Central Bank of Nigeria (CBN) for various forgeries in foreign exchange transactions between 2007 and 2015. For these infractions, they are to refund N5.87 billion to the apex bank. CBN’s Director, Corporate Communications, Isaac Okorafor, said yesterday in Abuja that investigations specifically revealed that $3.45 billion was […]

MTN Handover Gh¢5.5 Million Maternity Block To Tema General Hospital

MTN Handover Gh¢5.5 Million Maternity Block To Tema General Hospital

 MTN Ghana, yesterday handed over an ultra modern 40-bed maternity block worth GH¢5.5 million to the Tema General Hospital (TGH). The project constructed by the MTN Ghana Foundation, has a delivery ward, lying in ward, a theatre, nurses station and changing rooms, sluice rooms, two consulting rooms, restrooms, washrooms and reception. It also has equipment […]

MTN to Plan $500 Million Nigeria Share Sale in 2018

MTN to Plan $500 Million Nigeria Share Sale in 2018

MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Ltd. and Citigroup […]

MTN Takes on Vodacom as Africa’s Biggest Digital Bank

MTN Takes on Vodacom as Africa’s Biggest Digital Bank

MTN Group Ltd. is seeking to challenge rival Vodacom Group Ltd. as Africa’s biggest digital bank by tripling its customer numbers within three years. Already the continent’s biggest mobile-phone company by subscribers, Johannesburg-based MTN is adding about 500,000 active banking customers a month, Chief Executive Officer Rob Shuter, 50, said on Wednesday. About 20 million people use […]

MTN Focused on Preparing for Nigerian Unit IPO in Six Months

MTN Focused on Preparing for Nigerian Unit IPO in Six Months

MTN Group Ltd. is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, Chief Executive Officer Rob Shuter said. “We have a lot of advisers running around getting everything ready,” he said in an interview with Bloomberg TV on Wednesday. […]

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