MTN Nigeria Becomes Public Company Ahead of Listing
The Mobile Telephone Network, MTN, has changed its company status from a private company to a public liability company (PLC), ahead of listing on the Nigerian Stock Exchange, Ferdi Moolman, the company's Nigeria CEO has said. This move comes after MTN Nigeria was embroiled in a legal battle with the government after being slapped with a heavy fine for not complying with the SIM card registration for all mobile phones, and fined again for allowing funds to leave the country in breach of foreign exchange laws.
Guardian, 25 April 2019
MTN Nigeria Communications Plc (MTN), has completed its conversion from a private company to a public company (Plc).The Telecommunications firm explained that the conversion to a… Read more »
Vanguard, 24 April 2019
The Mobile Telephone Network, MTN, has changed it company status from a private company to a public liability company, PLC. Read more »
An MTN facility in Abuja.
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