Sunday, November 18, 2018

Tag "MTN"

    Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda Utilities Regulatory Authority (RURA) has fined MTN Rwanda, a division of the South African telecommunications company, $8.5 million for hosting its IT services outside the country.In a statement on its website, the telecommunications regulator said MTN breached its license by running its IT services in Uganda."MTN Rwanda provided services in contravention of enforcement notice and directives issued by the [...]

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    GSM operators lost 1.66m subscribers in March

GSM operators lost 1.66m subscribers in March

The Nigerian Communications Commission (NCC) says Global System for Mobile Communications (GSM) network operators in Nigeria lost 1.66 million subscribers in March.According to the subscriber data released on the commission's website, all GSM operators, excluding Globacom recorded a decline in subscribers.NCC said the active telecommunications service customers, which was 154,120,484 in February, declined to 152,467,198 in March 2017.A total of [...]

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    MTN Nigeria revenue jumps by 11.6% despite drop in customers

MTN Nigeria revenue jumps by 11.6% despite drop in customers

Despite a 2.3 percent decline in MTN Nigeria subscriber base, the company's revenue has increased by 11.6 percent in the first quarter of 2017.MTN Nigeria says it "had a strong start to the year with an 11.6% increase in total revenue, supported by a 71.3% boost in data revenue".It adds that while the momentum is encouraging, the ongoing review of [...]

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    MTN: Why we sacked some of our workers

MTN: Why we sacked some of our workers

MTN, telecommunications giant, says it sacked some of its workersin order to increase opportunities for professionals with fresh perspectives.There had been reports that the company terminated the appointments of over 200 workers.In a statement signed by Funsho Aina, company's spokesman, MTN said the workers who have worked with the company for more than five years were allowed to pursue other [...]

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    MTN: UNIPORT is a breeding ground for future leaders

MTN: UNIPORT is a breeding ground for future leaders

MTN Nigeria says the University of Port Harcourt (UNIPORT) is one of Nigeria's foremost breeding grounds for future leaders, assuring students and leadership of the university of its unwavering support.During a visit to the school, Mohammad Siddiqui, chief operating officer of the telco, pledged the commitment of the company to supporting the development of the country’s education sector.Siddiqui said education [...]

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    MTN ‘pays another N30bn’ to FG

MTN ‘pays another N30bn’ to FG

MTN has remitted N30 billion to the federal government in part settlement of a N330 billion fine imposed on the telecoms group for not disconnecting unregistered SIM cards, Reuters said quoting a source.Having paid N80 billion in December, the current payment brings the amount paid out of the fine to N110 billion.The fine is due for payment in six instalments [...]

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    NCC queries MTN, Airtel, Etisalat over poor service

NCC queries MTN, Airtel, Etisalat over poor service

The Nigerian Communications Commission (NCC) has queried the major mobile network operators -- MTN, Airtel and Etisalat -- on the deteriorating quality of service.It has also appealed to the central bank to make forex available for the operators to address the issue of network failures.In a statement on Monday, Tony Ojobo, director public affairs of the NCC, said Umar Danbatta, [...]

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    NANS gives MTN, DSTV 48-hour ultimatum to leave Nigeria

NANS gives MTN, DSTV 48-hour ultimatum to leave Nigeria

The National Association of Nigerian Students (NANS) has given 48 hours ultimatum to all South African companies in Nigeria to relocate over the xenophobic attacks on Nigerians in South Africa.The students gave the ultimatum at a peaceful demonstration at some South African companies in Abuja on Thursday.During the march the students carried a banner, which read: ‘NANS Against Xenophobic Attacks [...]

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    Protesters attack MTN office in Abuja

Protesters attack MTN office in Abuja

Angry protesters broke into the MTN  office located at 4 Madiera street, off Shehu Shagari way, Maitama, Abuja, on Thursday.Some members of staff of the organisation and customers were said to have been attacked, while valuables were stolen.A witness, who simply identified himself as Oscar, told journalists that, but for the intervention of policemen, the protesters would have destroyed the building."The [...]

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    Shoprite: Growth has slowed down due to lack of retail space in Nigeria

Shoprite: Growth has slowed down due to lack of retail space in Nigeria

The management of Shoprite, popular South African retailer, says it will only open two stores in Nigeria over the next 15 months due to lack of retail space.Pieter Engelbrecht, the retailer's chief executive, told Reuters in an interview that it could have opened as much as 13 stores but for space constraint."Look, at Nigeria with the new legislation there where [...]

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    More GSM subscribers, less for internet… How telecoms companies fared in Q4

More GSM subscribers, less for internet… How telecoms companies fared in Q4

The number of mobile telecommunication subscribers in Nigeria increased by 1.24 million to stand at 154.53 million in December 2016.This is according to figures released by the Nigerian Bureau of Statistics (NBS) on Tuesday.In its report, the NBS said that although growth in the telecommunications sector remained positive, year on year growth dropped in real terms from 1.5% in the [...]

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    Shittu: We must encourage MTN, not scare them away

Shittu: We must encourage MTN, not scare them away

Adebayo Shittu, minister of communications, wants Nigerians to encourage MTN, a telecommunications company, and not scare it away from the country.Shittu said MTN is important to Nigeria and the presumption is that they are innocent of the latest allegations levelled against the company.After being fined N330 billion for failing to deactivate more than 5 million unregistered sim cards, MTN faces another potential hefty fine [...]

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    MTN describes Oyagbola’s resignation as a big loss

MTN describes Oyagbola’s resignation as a big loss

Fredi Moolman, MTN Nigeria’s chief executive officer (CEO), has described the resignation of Amina Oyagbola as a big loss to the telecommunications company.Before her resignation, Oyagbola was in charge of the company's human resource and corporate services.Moolman commended her for the expertise she brought to the job."MTN has again commended the immense dedication and passion for excellence which Amina Oyagbola [...]

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    MTN has paid N80bn of N330bn fine, says FG

MTN has paid N80bn of N330bn fine, says FG

The federal government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards.Adebayo Shittu, minister of communications, disclosed this at a forum organised by NAN in Abuja.He said the company paid the sum for the first year.MTN was initially fined 5.2 billion dollars (N1.04 trillion) but [...]

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    EXCLUSIVE: NCC directs mobile operators to increase data tariffs

EXCLUSIVE: NCC directs mobile operators to increase data tariffs

The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase.In a letter to mobile operators dated November 1 and seen by TheCable, the regulator stated that the interim floor price for data services was 0.90k/MB for big operators, and that "this rate will [...]

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    ‘Cheaper connectivity’ as MTN tests Facebook’s voyager

‘Cheaper connectivity’ as MTN tests Facebook’s voyager

The MTN group says it is the first mobile operator in the world to use the open optical packet transport platform, known as Voyager, after joining the Telecom Infra Project (TIP) earlier this year.According to MTN: "The TIP initiative, which was launched in February 2016, is a global endeavour which brings together key stakeholders in the telecoms and technology space [...]

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November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
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