November 24, 2017 11:05 PM ET

Wireless Telecommunication Services

Company Overview of MTN Nigeria Communications Limited

Company Overview

MTN Nigeria Communications Limited provides cellular telecommunications services in Nigeria. It offers cellular network access and ICT solutions. The company also provides Internet services, such as video calling, data services and Internet browsing, mobile Internet, and mobile WiFi services. In addition, it offers international roaming services, including data roaming, in-flight roaming, and WiFi roaming services. Further, the company provides voice SMS, fashion and lifestyle tips, mobile TV, bulk SMS service, mobile newspaper, radio, back up, conference call, and missed call alert services. The company was founded in 2001 and is based in Lagos, Nigeria. MTN Nigeria Communications Limited o...

Maritime House

Apapa-Oshodi Expressway

Apapa

Lagos,  102241

Nigeria

Founded in 2001

Phone:

234 803 10188

Fax:

234 839 02961

Key Executives for MTN Nigeria Communications Limited

Chief Executive Officer
Age: 53
Chief Financial Officer
Head of Human Resources and Head of Regulatory & Corporate Affairs
Chief Marketing & Strategy Officer of MTN Group Ltd
Vice President of MENA
Age: 46
Compensation as of Fiscal Year 2017.

MTN Nigeria Communications Limited Key Developments

MTN Nigeria Announces Earnings Results for the Six Months Ended June 30, 2017; Revises Capital Expenditure Guidance for the Year 2017

MTN Nigeria announced earnings results for the six months ended June 30, 2017. For the period, the company reported total revenue of ZAR 18,037 million against ZAR 28,941 million a year ago. EBITDA was ZAR 6,906 million against ZAR 14,421 million a year ago. Capital expenditure was ZAR 2,749 million against ZAR 2,534 million a year ago. Total revenue increased by 10.8%, largely attributable to strong data revenue growth. For the year 2017, the company now expects capital expenditure of ZAR 6,966 million against previous guidance of ZAR 9,543 million.

MTN Nigeria To Digitalise IPO On Nigeria's Bourse

MTN Nigeria Communications Limited plans to list its shares through Initial Public Offering (IPO) later in 2017, the transaction is going to be paperless, its General Manager, Nikiwe Tsaagane, has said. Nikiwe Tsaagane made this known when he paid a courtesy visit to Ogbonnaya Onu, Minister of Science and Technology, in Abuja at the weekend.

MTN Nigeria Announces Lay Off 280 Workers

MTN Nigeria has laid off over 280 workers, from its workforce in a major job cut that affected about 15% of the company's entire Nigerian workforce. Those affected by the move include some 200 permanent employees and about 80 contract staff across various cadres, ranging from new graduates to senior managers. Most of the affected workers were the pioneer staff of MTN who joined the telecoms company in 2001 when MTN started business in Nigeria and they have been with the company till they were sacked on Friday.

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Recent Private Companies Transactions

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