Nigeria: With N3 Trillion Revenue, N857 Billion in Profit, MTN Makes It Big

August 29, 2011 | GSM

As MTN Nigeria Communications Limited turns 10, it has every reason to celebrate. The company’s shareholders in South Africa took a massive gamble on the Nigerian market when they decided to pay $285 million for a GSM licence following an auction held by the Nigerian Communications Commission in February 2001.
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