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MTN Resumes Trading On South Africa Stock Exchange

MTN Resumes Trading On South Africa Stock Exchange

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MTN is trading again on the Johannesburg Stock Exchange (JSE) in South Africa.

Trade was suspended earlier in the day after the mobile phone giant’s shares fell sharply amid speculation that it had agreed to pay Nigeria a $5.2bn (£3.3bn) fine for failing to cut off unregistered users.

MTN said in a statement it was in talks with the Nigerian presidency, internal security agency and telecom regulator to resolve the matter, Reuters reports.

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