It declared a N3.50 per share interim dividend in June, which brings its total dividend for 2020 to N9.40 per share or N191.332 billion altogether. MTNN paid shareholders N7.92 per share for 2019. Telco giant MTN Nigeria Communications PLC (MTNN), whose revenue touched a new high of N1.346 trillion in 2020, has announced a final dividend of...
MTN Nigeria is at an advanced stage in renewing its operating and spectrum licence in Nigeria for another 10 years from September, the local unit of South Africa’s MTN Group said on Sunday. The Nigerian Communications Commission (NCC) has approved the renewal of the 900MHz and 1.8GHz bands due to expire in August 2021. The spectrum...
MTN Nigeria’s Mobile Money (MoMo) service ballooned in the year ended December 2020, as the mobile operator drives its fintech business in Africa’s most populous nation. The telco, which has been seeking to reposition itself and push into new sources of revenue, recorded increased uptake in its fintech business, which includes MoMo, insurance, airtime lending...
Over 37.2 million MTN subscribers in Nigeria (representing 48.7% of the company’s subscriber base) have submitted their National Identification Numbers (NINs). This is according to the company’s results for the financial year ended 31 December 2020. CEO Ferdi Moolman reiterated the telco’s position regarding the Nigerian Communications Commission (NCC) directive regarding SIM registration. “In view...
Ghanaian consumers are increasingly demanding on the quality of services. They also want more offers that look like them. The transformation of telecom operators is essential to meet these needs. In Ghana, MTN announced its intention to become “ a digital operator in 2023 ”. Through this profound transformation, Sam Addo the president and CEO, who revealed it on Sunday...
MTN has unveiled a range of features and offerings giving subscribers access to affordable data rates under its recently revamped Pulse proposition for Nigerian youth. This is part of the company’s commitment to support Nigerian youths with platforms that will ignite their passion and creativity. A statement explained that the new Pulse plans include Instagram...
Mastercard and MTN today announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach...
Fintech products have proved essential during the global Covid-19 crisis for the majority of the African population still unbanked. The sector which shows continued growth is attracting more interest. Mobile operator MTN Rwanda has big ambitions for the mobile and online financial services market. For this purpose, the telecoms company wants to create a subsidiary specifically dedicated...
MTN is demanding over R170 million from SA’s largest independent cellular service provider GloCell for unpaid airtime purchases. The mobile operator has since issued summons as it attempts to recover the monies accumulated and held by GloCell. GloCell, which counts some local banks as shareholders, was founded by CEO Alessandro Mariola. It was appointed by...
MTN Uganda has launched its first fibre-to-the-home (FTTH) services for home users, adding to its existing range of business fibre services. Fibre access is available in selected areas of Kampala and other main cities. While the MTN website has still to confirm pricing, a report from Techjaja says that a 10Mbps service for home users will cost UGX179,000...
