Tag: MTN
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MTN shares soar despite incomplete investors’ data
It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed.…
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Telcos increase tariffs over new NHIL, GETFund levies
Consumers are to pay more for telecom services starting November 1, 2018. It follows a decision by telecommunication companies, AirtelTigo, MTN and Vodafone to adjust their tariffs. The review of the tariffs was announced in a statement issued by the Ghana Chamber of Telecommunications. The Chamber says the upward adjustment of charges follows the implementation…
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MTN delights customers on Emirates Airbus A380
Five customers of MTN Ghana have been given upgraded services on Emirates Airbus A380 which landed in Accra on Tuesday [October 2, 2018]. A statement from MTN said, ‘MTN is set to delight its customers today as Ghanaians welcome for the first time the world’s largest passenger plane, the Airbus A380 to terminal 3 at…
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MTN launches 8th edition of i-Fest
MTN Ghana, the leading telecommunications service provider in Voice and Data and Mobile Money services is celebrating its annual Internet Festival dubbed i-Fest. The month-long festival which is in its eighth year, is to create awareness about the internet and the immense benefits of a brighter connected world. This year’s MTN i-Fest is being celebrated…
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MTN to list on Ghana’s stock market today
MTN is to list proceeds from its Initial Public Offering (IPO) on the Ghana Stock Exchange later today [September 5, 2018]. The company, in July, concluded its IPO which is to allow it cede thirty-five percent of its operations to the public. The IPO targeted 3.5 billion cedis, but it was able to raise 1.146…
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MTN raises GH¢ 1.146 bn from IPO
MTN has raised a total of 1.146 billion cedis from its Initial Public Offering (IPO). The amount realized from the IPO shows that MTN fell short of its target of 3.47 billion cedis by about 2.3 billion cedis. The telecom company however says the performance is highly commendable considering the volume of the offer. The…
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MTN freezes account of ponzi scheme over GH¢11m default
The Financial Intelligence Centre (FIC) is expected to direct MTN on how it could disburse about eleven million cedis (GH¢11,000,000) to customers whose monies have been locked up in the company’s mobile money services. About thirty thousand (30,000) customers have had their monies locked up after being lured into a ponzi scheme operated by Savanna…
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SMEs skeptical of mobile money services (Audio)
Businesses are still skeptical of the use of mobile money despite the boom in patronage of the service. Citi Business News’ checks with some small scale business owners show mixed reactions to the use of mobile money services. This means more needs to be done to increase patronage. In the build up to the Financial…
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MTN launches its IPO today
MTN will today launch its Initial Public Offering (IPO) to allow it raise some amount of money from the public. The company is by this exercise give at least thirty-five percent access to the general public to own a stake in its operations. The move is also to allow the telecom company fulfill a regulatory…
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Fibre cuts major cause of poor telecom services
Fibre optic cables have aided the connection of platforms for improved service delivery by telecom operators. However the challenge of dealing with their regular destruction, has left most telecom operators desperate. The phenomenon not only drains resources but creates a gloomy picture for improved services. Citi Business News has been engaging industry players and they…