MTN GROUP LIMITED - Nigerian Telecommunications Operators Granted Approval for Tariff Adjustments

Nigerian Telecommunications Operators Granted Approval for Tariff Adjustments

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN Group)


Nigerian Telecommunications  Operators Granted Approval for Tariff
Adjustments

MTN Group announces that the Nigerian Communications Commission (NCC) has approved a 50% tariff
adjustment for telecoms operators in Nigeria. This development is a significant milestone in ensuring the long-
term sustainability of the telecoms industry in Nigeria, supporting the country's critical infrastructure and
services, while empowering millions of people and businesses and contributing to the country's overall economic
development.

MTN Group and MTN Nigeria deeply appreciates the support of the NCC and other relevant authorities, as well
as the industry body in Nigeria, in ensuring the telecoms sector remains sustainable in the country. The tariff
adjustment represents an important step towards addressing the impacts of the prevailing economic challenges
on MTN Nigeria and the industry as a whole. It will enable MTN Nigeria to maintain the critical investments
required to deliver reliable, high-quality services to its customers, as well as continue to support Nigeria's digital
transformation agenda, including driving inclusive growth for all stakeholders.



Fairland

21 January 2025

Lead Sponsor

J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor

Tamela Holdings Proprietary Limited

Date: 21-01-2025 04:26:00
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