MTN Archives - AM Business

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes

MTN South Africa to offer 4G smartphones to 1.2m customers

Alex Omenye MTN South Africa has announced a major initiative to distribute 4G smartphones to 1.2 million of its prepaid customers at heavily subsidized prices, as the country prepares to phase out 2G and 3G networks by the end of 2027. The telecoms giant said on Monday it will sell smartphones for as little as […]

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5th May 2025
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Telecommunications

MTN hits ₦1tn revenue in Q1 after February tariff increase

MTN Nigeria reported a revenue of N1 trillion in the first quarter of 2025, driven largely by the tariff increment implemented in mid-February. This marks a 40.5% increase compared to Q1 2024, despite the tariff adjustment’s full impact yet to be fully reflected in the results. MTN returned to profitability in Q1 2025, reporting a […]

monwubukepdnlimited-com
30th April 2025
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MTN confirms cyberattack, says core systems remain unaffected

Africa’s largest telecom operator, MTN Group has disclosed a cybersecurity breach that exposed personal data belonging to some customers in select markets. However, the company assured the public that its core infrastructure remains secure. In a statement released on Thursday, MTN said an unknown third party had gained limited access to parts of its systems. […]

aomenyepdnlimited-com
25th April 2025
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MTN has been given the approval to take over the Enugu-Onitsha Expressway construction under the road Infrastructure Tax Credit Scheme of around ₦202.8 billion.

MTN challenges Netflix, Showmax with launch of streaming platform

One of Africa’s leading telecommunications providers, MTN Group, has entered a strategic partnership with UK-based video software firm Synamedia to create a new streaming platform for mobile and fixed broadband users across the continent. The collaboration aims to enhance digital content accessibility and meet the changing preferences of African audiences. MTN Group’s Chief Commercial Officer, […]

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7th April 2025
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MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1

News

MTN, Airtel cut $1.2bn debt to reduce FX burden

MTN Nigeria Communications Plc and Airtel Africa have significantly reduced their foreign debt, repaying a total of $1.2 billion in 2024. This move aims to ease the burden of foreign exchange volatility and support their return to profitability. After the naira’s sharp depreciation in 2023, MTN Nigeria and Airtel Africa recorded $1.56 billion in foreign […]

monwubukepdnlimited-com
10th March 2025
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News

MTN partners auto manufacturers to boost local content

MTN Nigeria has partnered with automobile manufacturers Nord and GAC Motors to support local content policy and promote made-in-Nigeria products. As part of the collaboration, the company procured 33 vehicles for its customer-facing teams in Lagos and the North, including 22 locally assembled cars. The remaining 11 vehicles further strengthen MTN’s operational initiatives, the company […]

monwubukepdnlimited-com
9th March 2025
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Nigeria’s telecom records growth as mobile subscriptions rise to 169.3m

News

NCC grants 10-year renewal for MTN’s first 800MHz license

MTN Nigeria Communications Plc has announced that the Nigerian Communications Commission has approved the renewal of its 800MHz spectrum band license (Channel 1) for another 10 years. The renewal, effective from January 1, will extend until December 31, 2034, according to a corporate notice filed on the Nigeria Exchange Limited on Tuesday. Additionally, the NCC […]

monwubukepdnlimited-com
22nd January 2025
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News

MTN exits Guinea, sells operations to govt

MTN Group, Africa’s largest network operator by subscriber base, has confirmed the completion of the sale of its Guinea operations (MTN Guinea-Conakry) to the State of Guinea. This was disclosed in a statement by the mobile operator on its website on Thursday. The deal, finalized on December 30, 2024, aligns with MTN’s portfolio optimization and […]

monwubukepdnlimited-com
3rd January 2025
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MTN Nigeria plans public offer to sell 11% stake

News

MTN to pay N15m damages over unsolicited messages

The Court of Appeal in Abuja has upheld a customer’s right to privacy, ordering MTN Nigeria Communications Limited to pay N15 million in general damages for unsolicited messages and caller tunes. The judgment, delivered on Friday, recognized the violation of Barrister Ezugwu Emmanuel Anene’s privacy and his right to enjoy airtime without disturbance. The judgment […]

monwubukepdnlimited-com
20th December 2024
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News

MTN extends internet to rural African communities

Africa’s largest mobile operator, MTN is exploring partnerships with low-Earth orbit satellite providers to extend internet connectivity to rural and remote regions across the continent, the company’s Group CEO, Ralph Mupita, announced on Monday. The move comes as satellite internet has gained traction in Africa, with providers like Starlink, operated by Elon Musk’s SpaceX, offering […]

aomenyepdnlimited-com
18th November 2024
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News

MTN seeks additional payment licenses for MoMo

MTN Nigeria has applied for Payment Service Solutions Provider and Payment Terminal Service Provider licenses for its fintech subsidiary, MoMo Payment Service Bank, signaling its deepening focus on digital payments in Nigeria. With a PSSP license, MoMo PSB will be able to operate payment gateways, develop financial solutions, and provide services like merchant aggregation and […]

aomenyepdnlimited-com
5th November 2024
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News

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1

MTN Nigeria Communications Plc and Airtel Nigeria collectively reported revenues of approximately N3.67 trillion from their data and voice services in the first half of 2024, according to an analysis of their financial results. MTN, Nigeria’s largest telecom operator with nearly 80 million subscribers, generated N1.27 trillion during this period, fueled by a substantial increase […]

aomenyepdnlimited-com
11th October 2024
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Tag: MTN

MTN South Africa to offer 4G smartphones to 1.2m customers

MTN hits ₦1tn revenue in Q1 after February tariff increase

MTN confirms cyberattack, says core systems remain unaffected

MTN challenges Netflix, Showmax with launch of streaming platform

MTN, Airtel cut $1.2bn debt to reduce FX burden

MTN partners auto manufacturers to boost local content

NCC grants 10-year renewal for MTN’s first 800MHz license

MTN exits Guinea, sells operations to govt

MTN to pay N15m damages over unsolicited messages

MTN extends internet to rural African communities

MTN seeks additional payment licenses for MoMo

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1

DMO raises N4.28bn from FGN savings bonds in.

xAI updates Grok S’Africa’s ‘white genocide’ remarks controversy

Humanoid robots will aid, not replace, human workers.

OpenAI tipped to join UAE mega data center.

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