Showing posts with label MTN may put off plans to list its Nigerian operation until 2018. Show all posts
Showing posts with label MTN may put off plans to list its Nigerian operation until 2018. Show all posts

Friday 20 January 2017

MTN may list in Nigeria only in 2018 as it tackles claim of corruption

A Nigerian senator has alleged that the telecommunication company illegally moved $14bn out of the country.Davos/Johannesburg — MTN may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery in the continent’s most populous country.It’s a work in progress and hopefully within the 12 to 18 month period we will be able to do it,’’ MTN chairman and acting CEO Phuthuma Nhleko said at the annual meeting of the World Economic Forum in Davos, Switzerland. "Regulatory issues need to be resolved, and the macro conditions need to have improved."