MTN share price down on news of $1.8 billion fine reduction

Nigeria’s Communications Commission (NCC) has reduced the fine that MTN has to pay from $5.2 billion to $3.4 billion.

Nigeria is MTN’s largest market in Africa.

The NCC imposed the fine on MTN due to the company’s failure to meet a deadline to disconnect 5.1 million unregistered users.

MTN's share price ended the day down 4.61%.

The Money Show’s Bruce Whitfield interviewed Duncan McCleod, Editor of Tech Central.

Scroll down for quotes from the audio below.

The negotiations are not over yet.

Duncan McCleod, Editor of Tech Central

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : MTN share price down on news of $1.8 billion fine reduction


Recommended

by NEWSROOM AI
Read More
Working abroad? New rules are coming! You're probably breaking the existing ones

Working abroad? New rules are coming! You're probably breaking the existing ones

Bruce Whitfield interviews Warren Ingram, a Personal Financial Advisor and Executive Director at Galileo Capital.

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

Dr Adriana Marais was on her way to the Red Planet. Then Mars One collapsed

The Money Show’s Bruce Whitfield interviews Marais, a quantum biology researcher with dreams to live on Mars.

5 reasons why MTN lost its sparkle (according to TechCentral)

5 reasons why MTN lost its sparkle (according to TechCentral)

The sparkle is gone, says TechCentral Editor Duncan McCleod. Here’s why…

Can MTN’s new Executive Chair save the company?

Can MTN’s new Executive Chair save the company?

MTN CEO Sifiso Dabengwa is out. Phuthuma Nhleko is in. Bruce Whitfield interviews Nhleko about his plans to save one of SA’s largest companies.

Why the JSE suspended trade in MTN’s plummeting shares (and what'll happen now)

Why the JSE suspended trade in MTN’s plummeting shares (and what'll happen now)

MTN's culture makes it unsurprising that this has happened, says First Avenue Investment Management’s Hlelo Giyose.

Analysts agree: MTN is one of the best investments on the JSE

Analysts agree: MTN is one of the best investments on the JSE

For the second time in less than a month an analyst on The Money Show chose MTN as his stock pick of the week.

Popular articles
[LISTEN] Why is contemporary art booming in Cape Town?

[LISTEN] Why is contemporary art booming in Cape Town?

'Cape Town art eco-system is vibrant' says Mary Corrigall - Founder of Corrigall & Co

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

South Africa just became the world’s hottest destination for oil exploration

South Africa just became the world’s hottest destination for oil exploration

The Money Show’s Bruce Whitfield interviews Stephen Larkin, CEO at Africa New Energies.

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

Kieno Kammies speaks to Dr Ryan Noach Deputy Chief Executive at Discovery Health and Dr K who says his patients are suffering.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.