South African telecoms group MTN said yesterday its Nigerian business is likely to report about $955 million in annual profit after tax.
"Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press, is 190 billion naira ($955 million), which is within the current estimate," the company said in a statement.
Africa's largest mobile operator has been fined $3.9 billion in Nigeria for failing to disconnect users of unregistered SIM cards.
MTN, which makes about 37 percent of its revenue from Nigeria, has filed a court challenge over the fine, which equates to more than twice its annual average capital spending over the past five years.
MTN Nigeria Eyes $955m FY Profit
Comms Week20 Jan 20160 Comments
South African telecoms group MTN said yesterday its Nigerian business is likely to report about $955 million in annual profit after tax. "Profit after tax figure for MTN Nigeria for the period ended…
C
Published by
Comms Week
Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.
You May Like
MTN Nigeria Endorses eWorldForum and Book Launch as GSM Revolution Turns 25
MTN Nigeria's ₦1.62 trillion network Investment builds 100 million subscribers using more data than ever
FG Plans Regulation of Internet Access for Nigerians below 16 Years
The Leadership Reset Powering West Africa’s Customer Experience Revolution
Digital Parks, Master Power Plan New Data Centre Facility in Lagos
