Accra, Ghana
36°C

GSE Feed

Forex Rate

Telecoms/Technology

MTN to dispute huge Nigeria fine in Lagos court

mtn

MTN Group will challenge a $3.9bn Nigerian fine in court after resolving that the penalty that’s wiped 28% off the company’s value wasn’t within the powers of the country’s telecommunications regulator to impose. Africa’s biggest phone company will also continue to engage with the Nigerian authorities to try and ensure an amicable resolution, MTN said in a statement on Thursday. Pending the ...

Read More »

Vodafone, others worried over unfair treatment

Vodafone-Ghana’s-External-Affairs-Director-Gayheart-Mensah

Some players in the telecom industry are accusing the National Communications Authority (NCA) and policy makers of presiding over an unfair and a default telecommunications industry. Their concerns come days after Scancom Limited (MTN) emerged winner in the auction process for one of the frequency spectrum lot in the 800 MHz Band for mobile services. MTN which is the largest ...

Read More »

Nigerian regulator ‘backtracks’ on MTN fine reduction

MTN

Mobile network MTN said regulators in Nigeria have adjusted the company’s multi-billion dollar fine upwards again from $3.4bn (R48.9bn) to $3.9bn (R56bn). On October 26, MTN announced that it had been fined $5.6bn in Nigeria for failing to disconnect up to five million unregistered SIM cards in a timely manner. Then on Thursday, the mobile network – which is Nigeria’s biggest ...

Read More »

Industry appeal for tax cuts on ICT imports

seatec-staff-620x330

High taxes on imports have been cited as a major factor accounting for the low patronage of technology based applications by businesses in Ghana. This is the concern being raised by players in the ICT sector. According to them, the situation has also affected the larger economy as businesses are unable to expand and employ labour to contribute to the ...

Read More »

Local companies ‘no show’ at 800 MHz spectrum auction

local

Citi Business News has gathered local companies failed to take part in the 800 MHz band spectrum auction by the National Communication Authority (NCA) on Wednesday, 2nd December, 2015.. The local companies; Surfline, Goldkey and Migson communications represented by the ICT Chamber, had made arguments for the auction to be limited to only Ghanaian companies. But Citi Business News has learnt ...

Read More »

MTN fine slashed by $1.8bn as Nigeria CEO quits

mtn

Africa’s biggest mobile network MTN has announced that its Nigerian chief executive officer has resigned amid a multi-billion dollar fine in that country. The company announced in a statement on Thursday morning that Michael Ikpoki, its Nigerian CEO, has handed in his resignation with immediate effect. MTN Nigeria’s head of regulatory and corporate affairs, Akinwale Goodluck, has also resigned. The ...

Read More »

MTN wins 4G spectrum auction

MTN

Scancom Limited (MTN) has emerged as the winner in the auction process for one frequency spectrum lot in the 800 MHz Band for mobile services. The auction process which begun in May this year was finalized today. A statement from the National Communications Authority (NCA) on the matter said Scancom has been provisionally awarded one lot of 2 x 10 ...

Read More »

Gov’t shoots down ICT Chamber’s demands

ICT-Chamber-620x330

Government has shot down demands being made by the ICT Chamber for the National Communications Authority (NCA) to only allow Ghanaian companies to auction for the 800 MHZ spectrum license. Communications Minister, Dr. Omane Boamah, responding to the ICT Chamber’s demands said though ‘government will support Ghanaian companies, it will not go to the extent of cheating Ghanaians’. The Chamber had ...

Read More »

Massive resignations hit Glo Ghana

Nigerian telecom operator in Ghana Glo has been hit with massive resignations of its staff after the company begun shutting a number of its outlets across the country. The company has closed about 15 out of its 25 outlets across the country. Citi Business News has also gathered most of the staff who have tendered in their resignations were brought ...

Read More »

MTN hit with more fines in Nigeria

Apart from facing a $5.2bn fine in Nigeria, mobile network MTN has this year already paid millions of rands in other penalties, according to regulators. MTN announced in October that it’s been fined $5.2bn by the Nigerian Communications Commission (NCC) for failing to disconnect up to five million unregistered SIM cards in that country. Talks between the mobile network and ...

Read More »
Citi Business News