MTN Group has released a statement warning its shareholders not to take media reports coming out of Nigeria into consideration before making decisions regarding the company.
Telecom giant warns shareholders against media reports out of Nigeria
MTN Group strongly advised its shareholders to continue to exercise caution in dealing with the company's securities
The company stated that it was aware of reports about the fine imposed on it by the NCC, but advised its shareholders to ignore said reports when making business decisions on the company's securities.
MTN Group strongly advised its shareholders to continue to exercise caution in dealing with the company's securities, adding that it was in negotiations with the Federal Government.
"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," the company said, according to the statement.
The NCC has fined MTN Nigeria $5.1 billion back in October for failing to deactivate unregistered SIMs.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or: