MTN plans a strategic push into East Africa to rebalance its footprint and spur growth, according to its group CEO.
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MTN’s international operations are outperforming its home market of South Africa, where it is facing stiff competition.
MTN has cemented its lead as the biggest network operator in Africa, becoming the first to reach 300 million subscribers.
MTN Group said on Thursday that it expects to report a huge growth in earnings in the first half of its 2025 financial year.
MTN Group customer numbers are nearing 300 million as it talks of an “encouraging acceleration in operational momentum”.
MTN Group chief operating officer Jens Schulte-Bockum will leave the operator when his contract expires in March.
MTN Group will invest the equivalent of R18-billion in Ghana over the next five years after the government exempted its Ghanaian unit from tax claims.
MTN Group said a R13-billion tax bill it received from the Ghanaian government has been scrapped.
Foreign minister Naledi Pandor at the weekend called on MTN Group and the Ghana Revenue Authority to find a solution to their tax dispute.
MTN Group plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise back-tax bill it received last week fail.