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Earnings

MTN continues talks with Nigeria over $8.1 billion dispute

PUBLISHED: Tue, 23 Oct 2018 15:08:20 GMT

JOHANNESBURG (Reuters) – Telecoms firm MTN said on Tuesday that it was continuing to hold talks with Nigerian officials to find a mutually acceptable solution to a dispute over the alleged transfer of $8.1 billion of funds.

“Shareholders are advised to continue to exercise caution when dealing in the company’s securities until a further announcement is made,” MTN said in a statement on the Johannesburg Stock Exchange, where its shares are listed.

Reporting by Alexander Winning; Editing by Sunil Nair


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