MTN Nigeria said following a resolution of its dispute with the Central Bank of Nigeria (CBN), its business in the country has resumed dividend payments to shareholders.
It said it expects to report an almost double earnings for last year when it releases its figures on March 7.
The news came as Huawei announced it has concluded a business innovation agreement with MTN Group, extending a working relationship which dates back 17 years.
A statement said the pair will work in areas spanning data service growth, rich media services, mobile financial services, enterprise and wholesale propositions. The agreement is said to “move MTN and Huawei beyond the traditional trading relationship” to include strategic research, business scenario planning, joint product development and joint go-to-market.
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COO of MTN, Jens Schulte-Bockum, said: “In the historical cooperation between MTN and Huawei, Huawei helped MTN build a top-quality network with leading technologies, excellent quality, and zero network security incidents.”
Noting the company’s work in emerging markets, he continued: “To further eliminate the digital divide in these countries, improve people’s lives, and achieve the vision of Digital MTN, it is willing to work with Huawei to bring benefits to the public and society.”
