0
Wireless

MTN Nigeria IPO to raise USD 1 billion - report

Tuesday 6 September 2016 | 10:52 CET | News
The MTN Group and minority shareholders in its Nigerian business are seeking to raise about USD 1 billion in an initial public offering, a condition tied to the settlement of a record fine imposed by the Nigerian government, reports Bloomberg.

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: Nigeria
::: 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 Group seeks to raise USD 500 mln from IPO in Nigeria

Published 08 Feb 2018 09:16 CET | Nigeria
MTN Group plans to raise about USD 500 million from the sale of shares in its Nigerian business during the first half of the ...

MTN preparing for Nigerian IPO - CEO

Published 02 Nov 2017 08:31 CET | Nigeria
MTN Group says it is focused on laying the groundwork for an initial public offering (IPO) of its Nigerian business and should ...

Senate probes MTN Nigeria on USD 12 bln repatriation claims

Published 26 Sep 2016 09:23 CET | Nigeria
Nigeria's Senate has agreed to investigate an allegation that MTN Nigeria repatriated USD 12 billion out of the country over a ...

MTN Nigeria offers 6 months double data with smartphones

Published 19 Sep 2016 10:51 CET | Nigeria
MTN Nigeria has begun rewarding its subscribers with a 100 percent bonus on any data purchased over a period of six months. The ...

MTN Nigeria sounds out potential interest in bond

Published 08 Sep 2016 10:03 CET | Nigeria
MTN Group plans to gauge investor interest in a possible bond offering as it seeks funds to pay for dividends, capital ...

Airtel Nigeria considering listing on stock exchange

Published 02 Sep 2016 15:44 CET | Nigeria
Airtel Nigeria has hinted at a possible listing on the Nigerian Stock Exchange (NSE), reports Daily Trust. CEO Segun Ogunsanya ...

MTN Nigeria subscribers fall 3.7% in H1, revenue down 4.8%

Published 05 Aug 2016 10:51 CET | Nigeria
MTN Nigeria reported a 3.7 percent decrease in the number of subscribers to 58.9 million in the first half ended 30 June. There ...

MTN Nigeria appoints transaction advisors for listing

Published 28 Jul 2016 09:42 CET | Nigeria
MTN Nigeria announced its board has resolved to proceed with preparations for a listing of its shares on the Nigerian Stock ...

Nigeria relaxes fine against MTN to boost investments

Published 20 Jun 2016 09:35 CET | Nigeria
The Nigerian government has reduced the penalty against MTN Nigeria after realizing the negative impact the burden could have on ...

MTN Nigeria agrees to pay NGN 330 bln fine over 3 years

Published 10 Jun 2016 15:39 CET | Nigeria
MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Amazon Q4 2019
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan FCC meeting
30 Jan The Things Conference
31 Jan KDDI fiscal Q3
::: More Calendar Items