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Wetinhappen Magazine (blog)

MTN Nigeria deal fails to motivate shares as more trouble feared

MTN [JSE:MTN] executives may have expected investors to cut them a little slack after they got potential liabilities of $8.1bn in Nigeria reduced to $53m last month. Not so. MTN stock has risen just 2.8% since the settlement on December 24, still 20 ...

- Wetinhappen Magazine (blog)

Business Day

MTN Nigeria deal fails to fuel shares as more trouble feared

MTN stock has risen just 2.8% since the settlement on December 24, still 20% below its price in late August. That is when Nigeria's central bank first alleged that the Johannesburg-based wireless carrier had illegally repatriated funds from its biggest ...

- Business Day

Fin24

MTN Nigeria deal fails to fuel shares as more trouble feared

MTN stock has risen just 2.8% since the settlement on December 24, still 20% below its price in late August. That's when Nigeria's central bank first alleged that the Johannesburg-based wireless carrier had illegally repatriated funds from its biggest ...

- Fin24

TechCentral

Why investors remain nervous about MTN

MTN Group executives may have expected investors to cut them a little slack after they got potential liabilities of US$8.1-billion in Nigeria reduced to $53-million last month. Not so. MTN stock has risen just 2.8% since the settlement on 24 December ...

- TechCentral

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Business Day

MTN looks at ways around Lagos IPO

Africa's largest mobile carrier was considering other ways to have its stock traded in Lagos, including what is known as an introduction, in which existing shares are listed, CFO Ralph Mupita said in an interview in Johannesburg. MTN's board still had ...

- Business Day

Fin24

MTN considers scrapping Nigerian IPO as dispute weighs on shares

MTN [JSE:MTN], the wireless carrier facing a combined $10bn in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering (IPO) on the country's stock exchange. Africa's largest mobile phone company ...

- Fin24

Independent Online

MTN reconsiders Nigerian IPO amid dispute

INTERNATIONAL – MTN Group, the wireless carrier facing a combined $10 billion (R142bn) in claims from authorities in Nigeria, said it might no longer seek to raise capital through an initial public offering (IPO) on the country's stock exchange. Africa ...

- Independent Online

TechCentral

MTN talks of scrapping Nigeria IPO

MTN Group, facing a combined US$10-billion (about R140-billion) in claims from Nigerian authorities, has said it may no longer seek to raise capital through an initial public offering on the country's stock exchange. Africa's largest mobile phone ...

- TechCentral

Moneyweb.co.za

MTN considers scrapping Nigerian IPO as dispute weighs on shares

MTN, the wireless carrier facing a combined $10 billion in claims from authorities in Nigeria, said it may no longer seek to raise capital through an initial public offering on the country's stock exchange. Africa's largest mobile carrier is ...

- Moneyweb.co.za

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Developing Telecoms (blog)

MTN Nigeria has not filed for IPO, says Stock Exchange

MTN has not submitted an application for an IPO in Nigeria, according to officials from the country's Securities and Exchange Commission (SEC). The announcement deflates reports in the local Business Daily that the operator group was ready to launch ...

- Developing Telecoms (blog)

AllAfrica.com

Nigeria: MTN Nigeria Yet to File Application for Initial Offer, Says SEC

MTN Nigeria is yet to formally submit any application in respect of its planned initial public offer (IPO), the Securities and Exchange Commission (SEC) said on Sunday. This is contrary to recent media reports that the capital market regulator had ...

- AllAfrica.com

ITWeb

MTN Nigeria yet to file for IPO, says regulator

"Neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding the said IPO," the regulator said. The firm also needs to convert itself from a private to a public company before it can then sell ...

- ITWeb

The East African (press release) (blog)

MTN Uganda says customer data safe despite security raid

“There were several attempts by the intruders to log into MTN Uganda's servers over a period of two hours. The efforts were unsuccessful because of the company's robust information security systems, and no data was accessed or compromised by the ...

- The East African (press release) (blog)

ITWeb

MTN Uganda says govt raided its data centre

MTN Uganda is the country's largest telecommunications firm with a subscriber base of 11 million. The firm has been operating in Uganda since 1998 when it acquired a 20-year licence, which is due for renewal later this year. In the letter the company ...

- ITWeb