MTN messed up with R71 billion fine

High volume of trade right before the announcement, seems legit :whistling:
 
MTN really doesn't wanna be in business any more.
 
Insider knowledge without a doubt, someone new **** was going down.
 
“They have disobeyed several directives issued them”, a source told Technology Times on condition of anonymity citing that a letter communicating the sanction has been dispatched to the Lagos-based MTN Nigeria.

In a phone conversation with Technology Times, a top official of MTN Nigeria, who spoke on conditions of anonymity, confirmed that the letter communicating the sanctions has been received by MTN Nigeria.
Click to expand...

http://technologytimes.ng/unprecedented-telecoms-watchdog-imposes-n1-4-trillion-fine-mtn-nigeria/

https://twitter.com/techtimesng/status/658335654376558592
Posted to twitter: 2015-10-25 10:33

Posted to SENS: 2015-10-26 14:24 ?

Edit: earlier tweet:
https://twitter.com/techtimesng/status/658284072712597505
Posted to twitter: 2015-10-25 07:08
 
Last edited:
The scumbags turned out to be even scumbaggier than first assumed..
 
"MyBroadband asked MTN for comment regarding the issue, but the company did not respond by the time of publication."

Is this not the story of MTN always? I have yet to see them respond to a request for comment on anything. I am not surprised they were slow on informing the market.
 
maccaman said:
"MyBroadband asked MTN for comment regarding the issue, but the company did not respond by the time of publication."

Is this not the story of MTN always? I have yet to see them respond to a request for comment on anything. I am not surprised they were slow on informing the market.
Click to expand...

mtn is slow in general
 
Pity we have such a weak regulator, they regularly get away with worse than that in SA but seem to have 'connections' inside the ANC and can rip the public off to their heart's content with no consequences. I trust that the JSE is more independent and holds them accountable for insider trading.
 
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