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LequteMan
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MTN Group's Executive Chairman Phuthuma Nhleko, has said the firm might list its Nigerian unit on the Nigerian Stock Exchange after it has settled a disputed $3.9 billion fine with Nigerian authorities.
He added that the firm has set aside 9.3 billion rand ($600 million) to cover a potential settlement of the fine imposed on it last year for failing to cut of unregistered SIM card users.
He said the $600 million set aside may not be the final amount it pays.
“Like most provisions, it’s based on prevailing circumstances. It is not a number of finality,” he said.
He added that the firm has set aside 9.3 billion rand ($600 million) to cover a potential settlement of the fine imposed on it last year for failing to cut of unregistered SIM card users.
He said the $600 million set aside may not be the final amount it pays.
“Like most provisions, it’s based on prevailing circumstances. It is not a number of finality,” he said.
