Tag: MTN
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MTN, Airtel Cut their Foreign Exchange Debt by $867 Million
Despite resilient revenue growth, telecommunication companies are cutting back on their foreign exchange exposure as the sharp drop in the naira continues to result...
Telcos profit from massive infrastructure investment
Telecommunication companies appear to be benefiting from their large investments in network infrastructure based on the upward trend in data revenues.
Over time, the service...
MTN and Airtel’s FX-induced N511bn loss obscures strong Q1 performance
Strong underlying performances by Nigerian telecommunications businesses listed on the stock exchange in the first quarter of 2024 were overshadowed by foreign exchange losses.
Strong...
MTN Reports a Second Straight loss of N392.7 Billion due to Inflation and Weak Naira
MTN Nigeria Communications Plc announced a loss after taxes of N392.7 billion for the first quarter of 2024, but now the company has suffered...
MTN Challenges NCC’s Copyright Infringement Suit
MTN Nigeria Communications Limited has taken legal action against the Nigerian Copyright Commission (NCC), seeking to have the copyright infringement case brought against it...
