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Airtel, GLO, 9mobile To List On NSE - NCC

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Following the successful listing of  MTN on the Nigerian Stock Exchange (NSE), the Nigerian Communications Commission (NCC) has announced that telecommunications providers such as Airtel, GLO, and 9mobile would soon be listed on the Nigerian Stock Exchange (NSE). The assertion was made by Sunday Dare, Executive Commissioner, Stakeholders Management in NCC.

He commended the recent official listing of MTN Nigeria on the Nigerian bourse, adding that it was a step in the right direction in the telecommunications industry.

It would be recalled that MTN Nigeria recently completed the registration of 20.3 billion ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC). It said the successful completion of the process set in motion the next steps in the company’s intended listing by introduction on the Nigerian Stock Exchange.

While fielding questions from journalists on the benefits of enlisting telecommunications operators on NSE, Dare said, “NCC is excited about the listing. It was direct fallout from the MTN fine.

Speaking on the listing of other telecoms operators, he said, “Yes, Airtel has announced that it is going to be enlisted on the London Stock Exchange.

“I think part of their plan is to get enlisted on the London Stock Exchange. The moment that MTN has done it, it is expected that the other operators will also follow suit.

“I know Airtel is talking to Securities and Exchange Commission (SEC). It is a process. We expect that the big four telecoms operators will be listed.”

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