South Africa's MTN Group may list its Nigerian unit on the stock exchange in Lagos once it has resolved a disputed $3.9 billion fine with Nigerian authorities, the company's executive chairman said on Thursday.
The company also said it has set aside R9.3 billion ($600 million) to cover a potential settlement of the fine imposed by Nigerian authorities last year for failing to cut of unregistered SIM card users.
"Like most provisions, it's based on prevailing circumstances. It is not a number of finality," Phuthuma Nhleko told reporters.
Africa's biggest wireless phone company is in talks with Nigerian authorities to reduce the $3.9 billion fine imposed.
MTN posted a more than 50 percent drop in annual profit on Thursday.
