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MTN Nigeria to Raise Another N200 Billion Via Bond Issuance

MTN Nigeria Communications Plc has announced plans to raise another N200 billion from the capital market via bond issuance.

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MTN Nigeria Communications Plc has announced plans to raise another N200 billion from the capital market via bond issuance.

The leading telecommunication company announced in a statement signed by Uto Ukpanah, Company Secretary.

According to MTN, the Securities and Exchange Commission (SEC) has registered the new bond issuance programme. It should be recalled that the company first announced this new bond in July 2022.

MTN Nigeria has now received SEC’s approval to launch the Series I (Tranche) 4-Year Fixed Rate Bond and Series I (Tranche B) 10-Year Fixed Rate Bond (the “Issuance”) under the programme. The issuance continues to reinforce MTN Nigeria’s strategy of diversifying its funding sources in line with its corporate objectives.

MTN Nigeria will launch the book build in respect of the Series I (Tranche A and B) Bond on 15 September 2022.

In the statement released in July 2022, the company described the new bond as a follow-up to the N200 billion debut bond issued in 2021 under the company’s N110 billion 13% 7-year series I bonds due 2028 and N90 billion 12.75% 10-year series II bonds due 2031.

The telecoms giant said the fund raised from the bond issuance will be used to finance capital expenditures like network expansion, working capital management, and general corporate purpose.

“The company will decide on issuances under the Second Bond Issuance Programme in due course subject to prevailing market conditions and obtaining relevant regulatory approvals,” the company concluded.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Telecommunications

MTN Partners With Ericsson on 5G Internet Connection

The largest Telecommunication company in Africa, MTN has partnered with Ericsson for its 5G network in Nigeria. 

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MTN Nigeria has partnered with a world-renowned telecommunications hardware, software and service provider, Ericsson to launch 5G technology and Radio Access Network in Nigeria. 

The Chief Executive Officer (CEO) of MTN Nigeria, Karl Toriola said that MTN will combine the strength it used to expand its 2G, 3G and 4G networks to expand its 5G network across the country in the coming months. 

Toriola also recognised the Minister of Communication and Digital Economy, Professor Isa Pantami for his role and leadership in his capacity as minister which has been beneficial to the telecommunication industry.

It will be recalled that in December 2021, MTN and Mafab Communications Limited won the bid for the 5G spectrum auctioned by the Nigerian Communications Commission at the Transcorp Hilton Hotel in Abuja.

The partnership with Ericsson will help MTN to provide revolutionised 5G network services to its numerous customers in Nigeria. The 5G network will be critical in unlocking the potential of the Internet of Things (IoT), Artificial Intelligence (AI) and Virtual Reality for millions of users in Nigeria. 

Hossam Kandeel, Vice President of Ericsson Middle East and Africa was quoted to have said ” We (Ericsson) are proud to be a part of Nigeria’s 5G digital transformation that has only just begun.

“With connectivity being the backbone of digitization, we are committed to delivering the best service to our partners at MTN Nigeria to support them in this thrilling journey.”

On his part, MTN Chief Technical Officer (CTO), Mr Muhammed Rufai who also witnessed the event said “5G will revolutionise the way we live and communicate across industries. With the speed 5G offers, we will be able to experience the Internet with low latency, which means no lag, making our virtual interactions more real.

“At MTN, we will continue to pursue the rollout of 5G technology to revolutionise Internet access across the continent.” 

 

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NCC Projects N500 Billion Revenue From 5G Spectrums License

The Nigerian communication commission (NCC) has revealed plans to generate N500 billion in revenue from the auctioning of the 5G spectrums in 2023.

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The Nigerian communication commission (NCC) has revealed plans to generate N500 billion in revenue from the auctioning of the 5G spectrums in 2023.

This disclosure was made by the Executive Vice Chairman of the NCC, Prof. Umar Danbatta, who spoke in an interactive meeting on the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP), organized by the Senate Committee on Finance.

He stated that the projected revenue would be realized from the auctioning of two 5G spectrums, adding that the commission had already begun the bidding process for auctioning of the spectrums.

Prof. Danbatta disclosed that in the first quarter of 2022, the commission generated N257 billion while it remitted N195 billion to the government coffers.

The NCC boss added that from April to August, N318 billion was generated while N214 billion was remitted. He revealed that the funds raised by the commission were occasioned by the auctioning of two 5G spectrums at the rates of $263 million and $273 million.

He said “The NCC from 2017 to 2021 had generated N799bn and remitted N423bn to the government.

“The target was to hit 75 percent penetration in 2025. Hopefully, we will achieve 50 percent penetration by end of 2022.”

Prof. Danbatta further advised Nigerians not to hesitate to make use of the 112 emergency national numbers in case of any emergency incident, such as fire outbreaks, or accidents, among others, and a toll-free number, 622, to lodge complaints on issues relating to drop calls.

Prof. Danbatta last year disclosed the readiness of the commission to deploy its mandate to boost the nation’s economy and ensure national development from the 5G spectrum, adding that the commission will launch a book to provide more insight into the workings of NCC under his watch.

The Chairman of the Committee, Senator Olamilekan Adeola, added that the Senate would continue to encourage NCC to improve its revenue generation profile to the Federal Government.

He further stated that the expected NCC revenue in 2023 would help reduce the deficit proposed in the 2023 budget.

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Airtel Overtakes MTN Nigeria in Internet Speed in Q2 2022

Airtel Nigeria has reportedly surpassed MTN Nigeria in Internet speed in the second quarter (Q2) of 2022

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Airtel Nigeria has reportedly surpassed MTN Nigeria in Internet speed in the second quarter (Q2) of 2022.

Data from speedtest intelligence after analyzing the internet speed of four mobile service providers across 10 countries in sub-Saharan Africa, revealed that Airtel Nigeria delivered faster median download and upload speeds in Nigeria in the second quarter.

After the Internet speed test analysis was carried out in Sub-Saharan Africa, South Africa came top as the country with the best internet speed as a result of the deployment of the 5G technology by different operators in the country.

In the country, Johannesburg led the pack of cities with the fastest internet speed, having a median download speed of 66.54 Mbps, followed by Cape Town at 49.22 Mbps download speed.

The four telecommunications operators singled out for the tests were —MTN, Airtel, Vodacom, and Orange which commanded a combined majority of 62% of total subscriptions in sub-Saharan Africa. While the selected 10 countries accounted for 59% of the region’s connections.

In a head-to-head performance between Airtel and MTN across the three countries they operate in, Airtel surpassed MTN in Nigeria, both in terms of median download and upload speed in Q2 2022, while in Uganda and Rwanda there were no winners.

In terms of users, in Q2 2022, MTN Nigeria commanded 38.9% of Nigeria’s mobile users with its 74.1 million subscribers almost double that of Airtel’s 46.0 million.

Yet, when it comes to mobile performance, Airtel Nigeria was ahead of MTN. Airtel Nigeria in 2021, was rated the fastest network in the telecom broadband category.

In the second quarter of this year, the telecommunications company recorded a median download speed of 30.35 Mbps and a median upload speed of 10.28 Mbps, both of which topped those of MTN (26.30 Mbps download and 9.13 Mbps upload).

Those speeds are set to increase as both companies have invested heavily into network infrastructure, with a combined investment of N208.5 billion ($502 million).

The investment translates into an increase in 4G Availability as well. In Q2 2022, MTN had 83.8% 4G Availability compared to Airtel’s 77.9%.

It should be recalled that Investors King had recently reported that MTN launched its 5G technology in Nigeria, as it promises to change communication forever.

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