MTN expands operations

Telecommunications giant MTN announced on Thursday morning that it would make a capital investment of $1,6 billion (about R23,5 billion at current exchange rates) in Nigeria over the next three years to expand its operations and network in the country.

MTN Group chair and former SA deputy finance minister, Mcebisi Jonas, recently led a delegation to meeting with Nigerian President Muhammadu Buhari. Other members of the delegation included MTN Nigeria chair Ernest Ndukwe, group CEO Rob Shuter and MTN Nigeria CEO Ferdi Moolman.

Earlier in January, MTN Nigeria withdrew its legal action against Nigeria’s Attorney General Nigeria and the Minister of Justice in a matter that saw the Nigerian authorities seek to recover around $2 billion in back taxes from the wireless carrier. MTN said it would be dealing with Nigeria’s tax authorities instead. — Fin24.

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Posts

Suspected fraudster applies for discharge in US$18 000 swindle
Suspected fraudster applies for discharge in US$18 000 swindle

  Prosper Dembedza Herald Correspondent A suspected Harare fraudster who allegedly defrauded his fellow businessman of US$18 000 after deceiving him into investing in a fraudulent gold trading partnership that…

Continue reading
Govt commits to the protection of children
Govt commits to the protection of children

  Freeman Razemba Senior Reporter The protection and welfare of children remain a key priority for the Government, and every child has a right to care, protection, education, health, nutrition,…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *