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Business News of Monday, 9 August 2021

Source: punchng.com

MTN set to gift customers 20 cars for 20th anniversary

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MTN Nigeria Plc has said it will give 20 customers new Honda HRVs to commemorate its 20th year anniversary.

In a statement it issued on Sunday, the company said it gave free airtime and data to all its 68.9 million subscribers to celebrate the anniversary.

Chief Executive Officer, MTN Nigeria, Karl Toriola, was quoted to have said, “Ours has been a classic case of ‘together in progress’ and we are thankful to all Nigerians for standing by us and helping us get to this milestone.

“Indeed, anything we’ve achieved over the past 20 years is due to the support and faith of our customers – the people who sustain our network, the government and regulators who have been guides and allies in driving sector growth, all the contractors and partners who have worked by our side, and the thousands of investors who hold our stock.

“Finally, I must especially appreciate the people who helped shape our journey – MTN Nigeria’s Board of Directors and our staff, past and present; and reiterate our unwavering commitment to the advancement of this great nation, which we have humbly contributed to.”

In its half-year results, MTN had said it planned to participate in the restoration and rehabilitation of the Enugu-Onitsha Expressway through the Federal Government’s Road Infrastructure Tax Credit Scheme.

The company also said it would initiate plans for the construction of a purpose-built, state of the art Head Office, in Lagos as part of its 20th anniversary.

It also restated plans to sell 14 per cent of its shares to over two million Nigerian retail investors.

Another statement by BHM on behalf of the telecoms operator disclosed that the company paid about N2tn in taxes and levies in its 20 years’ of existence in Nigeria.