“Globalisation is here” – MTN Group President and CEO Ralph Mupita
BizNews interviews MTN Group President and CEO Ralph Mupita at WEF 2023 in Davos – covering globalisation and market challenges.
MTN Group
IHS: Potential for Africa’s biggest IPO to be offered in the US
IHS Holding is considering the possibility of an IPO. The deal could potentially be the biggest ever listing of an African company in the US.
MTN Uganda CEO deported; fourth exec this year
MTN’s Uganda business head was deported over what police called a national security matter, the latest in a string of headaches that Africa’s biggest wireless carrier has had around the continent.
Letter shows MTN received Nigerian approval to repatriate funds last year
MTN and four lenders won approval from Nigeria’s central bank to repatriate funds in a ruling last year, indicating Africa’s largest wireless operator is at least now complying with regulations it’s accused of flouting prior to 2015.
MTN slumps as Iran troubles resurface and net debt surges
MTN fell the most in six months after Africa’s biggest mobile-phone company by sales warned that the reinstatement of economic sanctions in Iran had tied up cash in its second-biggest market while debt rose by 22 percent.
MTN’s Iranian plans are said to hit wall of new US sanctions
Trump’s decision to withdraw from an international nuclear deal with Iran and reimpose an embargo on energy and financial sectors is proving a headache for MTN and other international companies.
Cell C swaps Vodacom for MTN for certain roaming services
MTN will replace some of the services provided by its cross-town rival Vodacom in a network-sharing deal with Cell C, South Africa’s third-largest mobile-phone operator.
MTN sees return to profit after $1bn loss from Nigeria fine
MTN, Africa’s biggest mobile-network operator by sales, said it returned to profit in 2017, recovering from a $1 billion fine it paid for its Nigerian business in the prior period.
MTN focused on preparing for Nigerian IPO in next 6 months – CEO Rob Shuter
MTN is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months.
MTN appeals to court to dismiss $4.2bn Turkcell case
MTN Group has asked South Africa’s High Court in Johannesburg to dismiss a $4.2bn damages claim by Turkcell, the latest in a long-running battle.