In a statement, it said it had completed its conversion, describing the exercise as a legal requirement and key milestone preparatory to its listing by introduction on the Exchange’s floor.
The listing is one of the final settlement conditions for the huge fine imposed on MTN by the Nigerian Communications Commission for subscribers’ identity module registration infraction. “It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. We look forward to continuing our engagement with the Securities and Exchange Commission and NSE to take forward the listing process.”Last month, the telco unveiled its earnings for the 2018 financial year, recording growth above inflation in full service revenue and the addition of nearly six million new subscribers to the network.
It added 4.5 million active data customers during the year, delivering data revenue growth of 39.3per cent and expanding to 18.7 million the number of people that it connects to the possibilities that the internet provides.
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