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Tag: MTN

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.
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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, […]

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

MTN Nigeria to build infrastructure for network platform
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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 […]

How FG can boost Nigeria's digital growth - Analyst
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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 […]

MTN Nigeria to build infrastructure for network platform
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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 […]

MTN Nigeria plans public offer to sell 11% stake
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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 […]

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
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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 […]

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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
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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 […]

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