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Tag: MTN

MTN winds down BEE scheme, pay out modest returns to investors
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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 […]

MTN launches microinsurance arm 'Cover by MoMo' in Uganda
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 […]

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

News

MTN, IHS Nigeria renew tower agreements to 2032

IHS Nigeria, a subsidiary of IHS Holding Limited, and MTN Nigeria have stated the renewal and extension of their Nigerian tower Master Lease Agreements until December 2032. A statement released on Wednesday stated that the agreement includes over 13,500 tenancy contracts, of which about 2,500 MTN Nigeria leases were scheduled to expire in 2024 and […]

MTN Nigeria plans public offer to sell 11% stake
News

MTN’s MoMo PSB CEO, CCO step down

CEO of MTN’s MoMo Payment Service Bank, Eli Hini and Elsa Muzzolini, Chief Commercial Officer, have both left the company. Muzzolini has taken up a new role as CEO of M-PESA Ethiopia, Safaricom’s mobile money business, effective July 15, 2024. Muzzolini announced her resignation to employees in a note on July 12 and updated her […]

News

Abuja high court grants MTN’s petition against NCC

The Federal High Court in Abuja on Monday granted the Office of the Attorney General of the Federation the authority to take over and evaluate an alleged copyright infringement case against MTN Nigeria Communications Limited and its CEO, Karl Toriola, in response to a plea filed by the latter. It was previously reported that MTN […]

Telecommunications

MTN blocks 8.6m lines amid NCC deadline extension

Telecommunication giant, MTN Nigeria have said that 8.6 million lines were completely blocked from the network by the directory of the Nigerian Communications Commission on Sims not linked to the National Identification Number of the users This was disclosed by MTN Nigeria in its 1st quarter of 2024 Financial Report, stating that it affected its […]

News

MTN ranked most valuable South African brand

MTN, Africa’s largest mobile network operator has again been announced as the most valuable South African brand, as well as the top South African brand by ‘sustainability perceptions value’ by Brand Finance South Africa. This was disclosed in a statement on its website on Wednesday. According to the statement, MTN was assigned a brand value […]

MTN internet subscription declines over NIN-SIM linkage
News

MTN internet subscription declines over NIN-SIM linkage

In January, MTN Nigeria experienced a decline in internet subscribers as it worked to adhere to the Nigerian Communications Commission’s directive to link all SIM cards with a National Identity Number. As the country’s largest telecom operator, MTN witnessed a drop of over 2.8 million subscribers from its internet service, reducing the total to 67.8 […]

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