Double blow for MTN in its two biggest markets
The MTN Group has been hit by a double whammy that could negatively affect its services in its two biggest markets‚ but it has continuity plans that would be implemented in a crisis‚ according to a media report. In Nigeria chronic fuel shortages brought telecoms firms‚ banks and flights to a standstill on Monday with MTN warning that this may lead to a network shutdown‚ while in SA a strike by employees over wages and bonuses has entered its second week and threatens service disruptions, the Business Day reported.Nigeria depends on fuel imports to meet more than 70% of its domestic needs and pays importers to guarantee cheaper local prices.According to Bloomberg‚ major fuel-marketing companies claim they are owed 200-billion naira in outstanding payments by the outgoing government of President Goodluck Jonathan...
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