MTN Falls Most in 17 Years as Nigeria Operations Hurt Profit

  • Stock falls as much as 18%, most since Nov. 1998, on warning
  • 2015 earnings at least 20% lower; no progress on Nigeria fine

MTN Group Ltd. shares declined the most in more than 17 years after Africa’s biggest wireless company said 2015 earnings fell at least 20 percent and talks on a record $3.9 billion fine in Nigeria remain unresolved.

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