The Nigerian Communications Commission cut the fine imposed on MTN Group Ltd. to $3.4 billion from a record $5.2 billion as the chief executive officer in the country quit as part of broader changes to improve oversight at Africa’s biggest mobile-phone operator. “MTN has received a formal letter dated Dec. 2, 2015 from the NCC […]
Mr. Freedom Phuthuma Nhleko has assumed office as Executive Chairman of MTN following the resignation of MTN Group CEO Sifiso Dabengwa over the US$5.2bn fine by Nigeria’s Financial regulators. Freedom Phuthuma Nhleko (born 7 April 1960) is a South African businessman, former CEO of the MTN Group, which is an Africa-focused holding group involved primarily […]
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