MTN Group on Wednesday posted a near 18% jump in first quarter revenue, led by double-digit growth in commercial operations across South Africa, Nigeria and Ghana.
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MTN’s Ghana unit said on Tuesday it was withdrawing a legal challenge it had filed to the supreme court over the market regulator’s move to designate it a significant market power.
MTN Group’s unit in Ghana has sought review from the supreme court after a high court this week dismissed its challenge to a move by the regulator aimed at exposing it to greater competition.
A high court in Ghana has dismissed the local MTN Group unit’s challenge to a move by the national telecoms regulator aimed at exposing it to greater competition.
MTN Group has boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.