Latest Telecoms News about Nigeria

Etisalat Sues to Block MTN's Use of CDMA Radio Spectrum

  Etisalat Nigeria has launched legal action to block rival network MTN from using 800Mhz spectrum that it gained access to when it bought the CDMA network operator, Visafone....

Related Tags: etisalat, mtn, visafone, cdma


MTN Seeks Court Order Overturning $3.9 Billion Fine

  South Africa based MTN says that it is to appeal against the huge US$3.9 billion fine imposed on it by Nigeria's telecoms regulator back in October....

Related Tags: mtn, ncc


MTN Debt Ratings Downgraded on Weak Home Market/Nigerian Fine

  The downgrade follows the recent rating action on South Africa's sovereign ratings, which is considered together with the impact from recent announcements from the group regarding the fine from NCC, the Nigerian telecoms regulator....

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Vodafone Brand to Enter Nigeria and Benin

  Vodafone and Globacom have announced a new, non-equity partnership agreement that covers Nigeria and the Republic of Benin....

Related Tags: vodafone, globacom


Fitch Revises MTN Group's Outlook to Negative on Nigerian Fine

  The Negative Outlook reflects the risk of a significant cash outflow due to a substantial fine imposed on MTN's Nigerian operations, which could increase leverage and pressure MTN's credit metrics. ...

Related Tags: mtn, fitch-ratings


MTN Hit with Massive US$5.2 Billion Fine

  Nigeria's telecoms regulator has imposed a massive US$5.2 billion fine on the local arm of MTN, for failing to disconnect unregistered SIM cards....

Related Tags: mtn


Smile Raises USD365 Million to Accelerate its LTE Network Expansion in Africa

  Smile Telecoms Holdings, which owns and operates LTE networks in the 800MHz band in Nigeria, Tanzania and Uganda, announced that it raised USD365 million of debt and equity financing....

Related Tags: smile-telecoms-holdings


Nigerian President investigating Nitel Sale

  The sale of the former state-owned telco, Nitel, and its miniscule mobile subsidiary has been put into question following the intervention of the newly elected President....

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Etisalat Nigeria Sells Key Towers to IHS

  Etisalat Nigeria has transferred a further 555 towers to IHS Towers under a management agreement signed back in August 2014....

Related Tags: etisalat, ihs-towers


Fitch Affirms Helios Towers Nigeria at 'B'; Outlook Stable

  HTN's rating reflects the political and macroeconomic uncertainty of the Nigerian market as well as the company's revenue visibility and strong growth prospects...

Related Tags: helios-towers