Competition toughens as MTN, Airtel, Glo, 9Mobile trade 181,377 customers

Telcos fail in QoS test

Competition toughens as MTN, Airtel, Glo, 9Mobile trade 181,377 customers   Porting rises 56.5% YoY 9Mobile emerges highest gainer, Airtel highest loser   In a race to attract more telecoms consumers, Mobile Network Operators (MNOs) in Nigeria have exchanged among themselves a total of 181,377 subscribers via mobile number portability between January and November, 2020. Porting activities on the four MNOs, namely MTN, Globacom, Airtel and 9mobile, within the 11-month period were 56.5 per cent higher than 115,887 recorded in the same period of 2019. Also, the 11 months porting…

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NCC lists conditions for e-SIM trial as MTN, 9mobile get approval

The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs), MTN Nigeria and 9Mobile, to carry out a trial on the workability of embedded Subscriber Identification Modules (e-SIM) Service in Nigeria. The trial, approved to run for a period of one year, will involve testing 5,000 e-SIMs by the two networks, subject to compliance with a number of regulatory conditions, the NCC noted in a press statement signed Monday by Ikechukwu Adinde, its director of public affairs. “These conditions include full compliance by the MNOs with…

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MTN, 9mobile get NCC’s approval for national roaming service

NCC remits N362.34bn, economic economic diversification

As Commission encourages resource sharing ________________________ The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs) to carry out trial on National Roaming Service for a period of three months, commencing from August 1, 2020 and to end by October 31, 2020. The two telecoms companies are Mobile Telecommunication Network (MTN) Nigeria and the Emerging Markets Telecommunication Service Limited (EMTS), trading as 9Mobile in Nigeria. With this approval EMTS and MTN are expected to configure their networks to begin test and simulation for customer experience. The…

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FG Wades Into MTN, Union Dispute

How much MTN Group finally sells stake in Jumia

The Federal Government has waded into the trade dispute between MTN Nigeria Communication Plc and Private Telecommunication and Communications Senior Staff Association of Nigeria (PTECSSAN). Sen. Chris Ngige, Minister of Labour and Employment, made this known during a conciliation meeting between the management of MTN Nigeria and PTECSSAN on Tuesday in Abuja. The News Agency of Nigeria (NAN) reports that the union had issued a 14-day ultimatum to MTN Nigeria over allegations bordering on unfair labour practices and the union also threatened to embark on strike on Aug. 24, if…

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MTN Group to close operations in Middle East, focus on Africa

MTN Group to close operations in Middle East, focus on Africa

Telecommunications service provider, MTN Group has unveiled plans to pull out of the Middle East market to focus more on its operations in the African territory. In the last half year report released by the group, it envisages sustained growth in the medium term, despite the continued impact of COVID-19 on global markets. Rob Shuter, the group’s president said: “As part of our ongoing portfolio review, we believe the group is best served to focus in the future on our pan-African strategy.” According to him, MTN will therefore be exiting…

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MTN Group to pull out $243m stake in Jumia

MTN Group to pull out $243m stake in Jumia

MTN Group plans to sell part or all of its $243 million (R4.1bn) interest in Jumia Technologies as part of its strategy to pay off its debts and expand into new markets. The group, which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142 per cent this year, recovering from a dip in 2019, one of the people involved told Bloomberg. It was gathered that no final decisions about the sale had been made, the people said, asking…

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FMDQ admits N100bn MTN, N100bn Dangote Bonds on its platform

MTN, Dangote, Bola Onadele.Koko, FMDQ

Despite the amidst economic downturn and realities of the COVID-19 pandemic, Dangote Cement PLC and MTN Nigeria Communications PLC have successfully tapped the debt market, raising the largest corporate bond and commercial papers, respectively, so far recorded in the Nigerian debt capital market. FMDQ Holdings Plc, wholly owned subsidiary, FMDQ Securities Exchange Limited admitted for listing, the Dangote Cement Plc N100 billion Series 1 Bond under its N300.00 billion Bond Programme, and for quotation, the MTN Nigeria Communications Plc N100.00 billion Series 1 & 2 Commercial Paper (CP) notes  under…

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MTN to roll out commercial 5G in South Africa next week

5G, MTN, South Africa

Africa’s largest telecommunications operator, MTN has said it is ready to launch its fifth-generation (5G) network on a commercial scale in South Africa next week. With the development, the network would be joining Vodacom Group and Rain in the race to expand fifth-generation technology in the country. The firm said on Wednesday it is hosting a virtual launch event on June 30, where MTN South Africa CEO Godfrey Motsa will be present with other officials. Last November, Swedish mobile telecoms equipment maker Ericsson announced that it had been selected by…

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Uganda: MTN pays $100m to extend operation by 12 years

MTN, Uganda, MTN Group, Licence

Pan African telco, MTN Group, has paid $100 million to renew its telecoms licences in Uganda for the next 12 years, according to reports in the press. MTN Group’s licence originally expired in October 2018, with the South African headquartered firm initially offering less than $50 million to renew its licences, according to a report in the Ugandan Observer. Uganda’s president rejected the initial offering, insisting that MTN Group must pay a fair rate for delivering services in the country. Since October 2018, MTN Group has been operating under a revolving…

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MTN completes N100bn commercial paper issuance

MTN Nigeria records N1.346 trillion revenue in 2020

Listed telecoms company, MTN Nigeria, has completed the issuance of its series I and II notes, under its N100 billion commercial paper debt programme. The company announced the issuance in a notice to the Nigerian Stock Exchange and the investing public in a corporate filling signed Wednesday by Uto Ukpanah, the Company Secretary. According to the second most capitalized stock at the NSE, it priced the Series I 180-day CP at an effective yield of 4.90 per cent for N20 billion size and the Series II 270-day CP, sized at…

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