Company Data
| Last traded |
R133.15 |
| Change |
R0.85 |
| % Change |
0.64% |
| Cumulative volume |
3.39m |
| Market cap |
R250.98bn |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 25 2012 17:09
Clients hoping to cash in their end of month paychecks at Absa received a nasty surprise after the online banking system fell over.
Johannesburg -
MTN Group [JSE:MTN] Africa’s largest telecoms firm, plans to spend more than $1bn this year on its Nigerian network, an official said on Thursday, as it looks to meet regulatory demands to improve service.
A spokesperson for MTN Nigeria, Akinwale Goodluck, told Reuters in an email the company had invested $1bn on network infrastructure in 2011 and was planning to spend more in 2012.
MTN, whose biggest market is Nigeria, was reprimanded last year by the Nigerian Communications Commission for failing to meet quality of service requirements.
MTN has said it must meet regulatory targets for improved service in Nigeria or face financial penalties.
The company has more than 40 million subscribers in Nigeria.