MTN Group has noted reports out of Nigeria about the fine imposed on MTN Nigeria by the Nigerian Communications Commission (NCC).
MTN has previously advised shareholders not to make decisions based on press reports and MTN again urges its shareholders to refrain from doing so.
MTN continues to engage with Nigerian authorities in an attempt to ensure an amicable resolution to this matter in the interests of MTN Nigeria, its stakeholders and the Nigerian authorities. To this end, we shall await clarity and further guidance on the fine from the Federal Government of Nigeria.
Shareholders are therefore advised to continue to exercise caution when dealing in the company’s securities until a further announcement is made by MTN.
