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Tag: MTN

MTN Group seeks more investors for MoMo
Investment

MTN Group seeks more investors for MoMo

MTN Group has unveiled a bold plan to enlist three additional investors for its fintech arm, MoMo. This revelation came on the heels of a significant development in the telecom giant’s playbook – a groundbreaking deal with payments processor Mastercard, securing a minority stake in MoMo. The financial prowess of MoMo has been underlined by […]

Mastercard cuts ties with Binance
News Tech

Mastercard to buy minority stake in MTN’s Momo

Global leader payment solutions provider, Mastercard Inc. has agreed to acquire a minority stake in the fintech unit of MTN Group, valued at $5.2 billion. “Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday. Over 46 million […]

MTN launches 5G in Uganda
Business

MTN launches 5G in Uganda

Alex Omenye Foremost telecommunications, MTN has launched its 5G network in Uganda. The first 5G network in East Africa was launched on Friday by the telecom company MTN Uganda, a branch of the MTN Group in South Africa. With almost 15 million subscribers, MTN has Uganda’s largest customer base. It mostly contends with a Bharti […]

MTN to invest $3.5bn in Nigeria's economy
Telecommunications

MTN to invest $3.5bn in Nigeria’s economy

The MTN Chief, Mcebisi Jonas, has revealed that the company plans to invest $3.5 billion in the Nigerian economy over the next five years. He made this known during the meeting at the State House in Abuja where the president of Nigeria, Bola Tinubu, reassured investors in the telecoms industry of his administration’s resolve to remove barriers […]

Friendly market policies'll boost Nigeria's credit profile - NGX
Business

PHOTOS: Tinubu receives MTN chair, NCC boss at Aso Villa

President Bola Tinubu met with the Executive Vice Chairman of the Nigerian Communications Commission, Dr. Umar Garba Danbatta,  and the Group Chairman of MTN, Mr. Jonas Mcebisi, who was accompanied by his team. The meeting took place on Friday in the State House in Abuja, with negotiations taking place behind closed doors. MTN is one of Nigeria’s top […]

NCC dismisses rumors of telecom tariff increase
featured Telecommunications

Phone users hit 233m, add 2.5trn to GDP – NCC

The National Communications Commission has stated that as of April 2023, there were 223.8 million mobile phone customers in Nigeria, and in the first quarter of 2023, telecommunications and ICT services contributed N2.508 trillion to the country’s GDP. According to Nairametrics, the NCC’s director of public affairs, Reuben Muoka, revealed this in a statement on Tuesday. […]

Telecommunications

MTN to build new $320m fiber network

The largest mobile network provider in Africa, MTN Group Ltd., plans to invest $320 million in an inland fiber cable that will link 10 countries as the continent’s population continues to rise. Independent News reported that MTN has revealed that in the fourth quarter, the Johannesburg-based company will begin construction on the East2West link through […]

MTN, Apple Music offer free subscription to Nigerians
News

MTN, Apple Music offer free subscription to Nigerians

MTN Nigeria, the country’s leading telecom services provider, has teamed with the US-based digital music platform, Apple Music, to provide free access to a premium selection of songs as part of efforts to ensure consumers can enjoy excellent entertainment on the move. Customers of MTN who sign up for the service will have access to […]

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.
Business featured

MTN to merge Momo, Yello financial subsidiaries

Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries – Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. The Punch reported that this was disclosed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. According to the company, the merger “hold the Payment […]

News

Airtel, Dangote, other most valuable Nigerian companies in 2022

Telecommunication company, Airtel, led other companies in the Nigerian most valuable companies ranking. According to Nairametrics, Dangote cement was ranked second with MTN, occupying the third position. This was established by using publicly available values of publicly traded companies based on their market worth. This contrasts with the valuations of many privately held businesses, which […]

Telecommunications

Debt: MTN, Airtel, others to disconnect banks’ USSD code

  Chairman of the Association of Licensed Telecoms Operators of Nigeria, Gbenga Adebayo, has revealed that network operators will detach banks from the Unstructured Supplementary Service Data code. The banks have failed to remit commission from the costs of the USSD utilized by bank account holders for electronic transactions, according to ALTON, the umbrella organization […]