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.
MTN Become Public Company Ahead of Share Listing
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 »
Why We Converted to a Public Company - MTN
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.
The Senate has expressed concern over an alleged plan by the government to reduce the U.S.$8.1 billion fine imposed on the telecommunication giant MTN to U.S.$800 million. MTN ... Read more »
A Lagos judge has adjourned a hearing in an U.S.$8.1 billion dispute between telecoms firm MTN and Nigeria's Central Bank until 12 December, after lawyers said they wanted to ... Read more »
South Africa's MTN and Nigeria's Central Bank have been locked in a dispute over the company's transfer of funds, which the bank said was sent abroad in breach of foreign exchange ... Read more »
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.