MTN Nigeria Communications Plc has successfully renegotiated the terms of its infrastructure sharing and master lease agreements with IHS. This strategic move follows the company’s Extraordinary General Meeting (EGM) held in April 2024, where it outlined plans to bolster its capital position. This was one of the initiatives outlined at …
Read More »Award of Tower Contract to ATC for 2,500 Sites is Final – MTN Nigeria
MTN Nigeria has taken note of media reports saying that IHS Towers has offered the company improved terms for the lease of 2,500 sites that match the terms of ATC, which recently won the contract following a highly competitive bidding process. These reports are not true and MTN has not received any …
Read More »IHS Cleared to Acquire 5,713 MTN Mobile Towers
IHS Towers won regulatory approval for a plan to acquire 5,713 towers from MTN Group in South Africa, although stringent conditions were imposed because of various competition and public interest concerns raised by the regulator. The Competition Commission voiced concerns about the possible exclusion of rival independent tower operators and …
Read More »Telecoms Workers Threatens Three Days Strike Over Anti-labour Practices
Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has mobilised its members for a three-day warning strike on Tuesday, June 15 (tomorrow) at midnight over alleged violation of labour laws and disregard for decent conditions of employment. In a statement, the association disclosed that the decision was reached …
Read More »MTN Nigeria, IHS Renegotiate to Expand Network Connectivity
MTN Group has announced a partnership amendment with IHS Holding Ltd to expand connectivity in rural areas and amend the currency conversion provision for tower services. The companies agreed to move the reference rates for conversions to Naira from the Central Bank of Nigeria’s official rate (CBN) to the Nigerian …
Read More »NCC slams N25m fine on CWG for infractions
Nigerian Communications Commission (NCC) has fined CWG Plc, an integrated information and communications technology company, N25m for violating some provisions of the Nigerian Communications Act. The telecom industry regulator said during its enforcement activities in the second quarter of the year, it discovered that DCC Satellite Limited transferred its licence …
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