MTN stocks suspended in South Africa's stock exchange relating to $5.2bn fine
We have reports that the South African Stock Exchange has suspended trading of shares of telecoms gaint, MTN. A senior official at the exchange's surveillance department, Peter Redman said the suspension took effect from this morning. "Yes, trading in MTN shares has been suspended and the information was broadcast across the trading platform"
The giant telecoms company is facing a $5.2bn fine in Nigeria over failure to obey NCC's directive on the deactivation of unregistered sim cards.