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Nigeria says fines Airtel, others for poor service

Last Updated: Friday, February 28, 2014, 13:28

Nigeria`s telecoms regulator has fined mobile operators MTN, Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service, it said on Thursday.

Canara Bank raises $500 mn via medium term notes

Last Updated: Friday, October 11, 2013, 15:53

State-owned Canara Bank on Friday said it has raised USD 500 million through bonds under the USD 2 billion Medium Term Note (MTN) programme.

Airtel's Africa ops net loss widens to Rs 485 cr

Last Updated: Thursday, May 02, 2013, 16:52

The company had reported net loss of Rs 340.6 crore in the corresponding quarter last year.

Syndicate Bank to raise $500 million via MTN bond issue

Last Updated: Saturday, March 30, 2013, 21:19

Syndicate Bank on Saturday said it would raise USD 500 million to fund its London operations through the medium term note (MTN) bond issue.

Suicide bombers attack Airtel office in Nigeria

Last Updated: Saturday, December 22, 2012, 17:36

Suicide car bombers attacked the offices of a Nigerian subsidiary of Indian telecom major Bharti Airtel in the volatile city of Kano besides that of South African firm MTN, killing at least four.

Bharti Airtel seeking S African partner again: Report

Last Updated: Sunday, December 02, 2012, 18:08

With 8ta battling to gain a foothold, analysts felt that any bid by Bharti would be for Cell C instead, it added.

Bharti's alleged violation of SEBI rule under examination: Govt

Last Updated: Friday, August 17, 2012, 19:31

The government on Friday said the alleged violation of market regulator SEBI's takeover-related regulations by the promoters of telecom major Bharti Airtel is being examined.

Indian Overseas Bank raises $500 mn through MTN route

Last Updated: Tuesday, August 14, 2012, 21:11

State-owned Indian Overseas Bank (IOB) Tuesday said it has raised USD 500 million through Medium Term Notes (MTN) through its branch in Hong Kong.

MTNL targets 15% revenue from non-voice services this fiscal

Last Updated: Friday, July 06, 2012, 18:21

Telecom PSU MTNL looks to increase the contribution of non-voice services like Internet and SMSes to total revenue to 15 percent this financial year from 10 percent in the last fiscal.

Nigeria fines Airtel, 3 others $7.3 million for poor services

Last Updated: Sunday, May 13, 2012, 20:46

Nigeria Communications Commission spokesman Reuben Muoka said the call quality of the four companies were poor and they also delivered poor services leading to imposition of the USD 7.3 million fine on them.

BoI to raise money through MTN as Europe situation improves

Last Updated: Sunday, January 29, 2012, 13:40

The state-run lender, which had a MTN programme of raising around USD 5 billion in 2005, has raised USD 1.475 billion till now.

SBI doubles MTN programme size to $10 billion

Last Updated: Friday, September 23, 2011, 00:40

State Bank of India Thursday said it has doubled its Medium Term Note (MTN) programme to USD 10 billion to fund overseas business.