Tag: MTN Group

Orange Announces Acquisition of 75 Million-Euro Stake in Africa Internet Group

April 5, 2016/Orange Orange (www.Orange.com) announces the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket Internet. Through this investment, which will be accompanied by a series of strategic partnerships between the subsidiaries of the two […]

South Africa’s MTN says Nigeria lifts suspension of regulatory services

Tue Mar 15, 2016/Reuters Nigeria’s telecoms regulator has restored “regulatory services” to MTN Group , the South African mobile phone operator said on Tuesday. The Nigerian Communications Commission prevented MTN from raising tariffs and launching promotions in October last year when it fined the company $5.2 billion for failing to […]

MTN Offers $1.5 Billion to Settle Nigeria Fine-Reuters

By InvestAdvocate Lagos (INVESTADVOCATE)-South African telecoms firm, MTN Group has offered $1.5 billion to settle a $3.9 billion fine slammed on it by the Nigerian Communications Commission (NCC) for not complying with the deadline to disconnect unregistered SIM card users, according to a Reuters reporting quoting a document sighted. MTN […]