Sifiso Dabengwa News

Phuthuma Nhleko, Executive Chairman, MTN Group

MTN Chairman sells $8.8 million of shares before arrival of new CEO

MTN Group Ltd. Executive Chairman Phuthuma Nhleko sold shares worth about 123 million rand ($8.8 million).

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

MTN's latest turnaround strategy involves poaching top executives from its arch rival

MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

Phuthuma Nhleko, Executive Chairman, MTN

MTN settles Nigeria fine & looks at listing on the Nigerian Stock Exchange

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.7 billion) in a settlement with the Nigerian government of a long-running dispute over unregistered SIM cards, sending shares in the South African telecoms group soaring.

A man walks past an MTN notice board in Lagos, on October 27, 2015 (AFP Photo/Pius Utomi Ekpei)

Telecoms giant MTN pays $250M in Nigeria fine dispute

South African telecoms giant MTN said Wednesday it had paid $250 million to the Nigerian government in a dispute over a $3.9 billion fine imposed last year for failing to disconnect unregistered users.

Nigeria has reduced its record MTN fine to $3.4 billion

Nigeria cuts record MTN fine 35% to $3.4 billion

The Nigerian government has agreed to reduce the hefty fine imposed on MTN to $3.4 billion following lengthy negotiations between the two parties.

Sifiso Dabengwa, former CEO, MTN Group

South Africa's MTN suffers first high profile casualty over Nigeria fine

Mobile operator, MTN’s chief executive officer, Sifiso Dabengwa has resigned as a the fallout over a Nigerian fine of $5.2 billion continues to haunt Africa’s largest mobile operator.

Mteto Nyati, CEO, MTN South Africa

MTN appoints Mteto Nyati to be CEO of South African business

MTN Group Ltd. appointed Mteto Nyati to lead its South African business, promoting the former Microsoft Corp. executive to run the wireless carrier’s second-biggest unit.

Ahmad Farroukh, former CEO of MTN South Africa

Ahmad Farroukh, CEO of MTN's 2nd largest market South Africa, resigns amid declining sales

MTN Group Ltd. said Ahmad Farroukh, the chief executive officer of the wireless carrier’s South African unit, has resigned amid strikes and declining sales in the company’s second-biggest market.

MTN appoints Suren Sooklal as Group Chief Business Risk Officer

MTN appoints Suren Sooklal as Group Chief Business Risk Officer, replacing Shauket Fakie

MTN has appointed Suren Sooklal as group chief business risk officer, replacing Shauket Fakie, who is retiring after eight years with the group.

Mteto Nyati, Chief Enterprise Officer, MTN

MTN appoints former Microsoft South Africa MD Mteto Nyati as new Group Chief Enterprise Officer

MTN has appointed former Microsoft South Africa MD Mteto Nyati as its new group chief enterprise officer. The appointment is effective 1 October.

Mobile Network Towers

MTN Nigeria to transfer up to 9,151 towers to IHS-MTN joint venture

In line with continued efforts to further raise service levels for its customers in Nigeria, MTN has reached an agreement in principle with IHS Holding Limited (“IHS”) for the transfer of its towers business, comprising of up to 9,151 of MTN’s mobile network towers in Nigeria.

E-Commerce

MTN to invest $225M in Africa Internet Group (AIG)

MTN Group has announced it will invest approximately EUR 168 million into AIG in the next two to four years after acquiring 33.3% of the JV between Rocket Internet and Millicom.

MTN Nigeria

MTN Sees Double-Digit Sales Growth as Nigeria Customers Rise

MTN Group Ltd., Africa’s largest wireless operator, posted double-digit revenue growth in the first four months of this year as the number of subscribers in its biggest market of Nigeria climbed.