0
Wireless

MTN biggest shareholder pushes board shake-up - report

Wednesday 5 June 2019 | 10:41 CET | News
MTN Group's biggest shareholder, South Africa's Public Investment Corp (PIC) is pushing for changes at Africa's largest mobile company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years, Bloomberg reported citing unnamed sources. The PIC had a 26 percent stake in MTN in November 2018 and used that to call for the replacement of chairman Phuthuma Nhleko, people familiar with the matter said.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN
Countries: Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN Nigeria makes changes to its board as tenures expire

Published 25 Jul 2019 10:16 CET | Nigeria
MTN Nigeria has announced the retirement of chairman Pascal Dozie and five other non-executive directors of its board, and has ...

MTN Group dismisses reported board pressure from shareholder

Published 06 Jun 2019 10:45 CET | Africa
MTN Group has refuted recent media stories that the PIC is pushing for changes to the board of MTN. The company said that ...

MTN Group explains reasons for setting up international advisory board

Published 10 May 2019 10:43 CET | Africa
MTN Group has explained its recent decision to set up an International Advisory Board (IAB). It said the construct of an IAB is ...

MTN Group announces changes to board, sets up advisory board

Published 03 May 2019 15:37 CET | Africa
MTN Group has announced significant changes to the group board and the establishment of an International Advisory Board (IAB). ...

MTN plans asset sales, improves targets after rise in FY results

Published 07 Mar 2019 08:55 CET | Africa
MTN Group increased its subscriber base by 16 million in 2018 to 233 million customers across 21 markets in Africa and the Middle ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Wi-Fi NOW International
13 Nov Sunrise Q3 2019
13 Nov Japan Display fiscal Q2
13 Nov Altice Europe Q3 2019
13 Nov TIP Summit
13 Nov Cable Congress
13 Nov 5G Expo North America
14 Nov Westell fiscal Q2
14 Nov Ice Group Q3 2019
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov TDC Q3 2019
14 Nov Vodafone Idea fiscal Q2
14 Nov Telechoice Q3 2019
18 Nov Bezeq Q3 2019
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connections Europe
20 Nov Poly investors day
20 Nov Netgear analysts meeting
20 Nov Line developer day
20 Nov Sigfox Connect 2019
20 Nov NexTV Series Central Europe
::: More Calendar Items