MTN Group has warned it expects its headline earnings per share for the 2023 financial year to plunge by up to 80%.
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MTN’s two most important operating units have embarked on a programme to modernise their core networks.
At the heart of the exodus is a scarcity of the dollars international businesses need to repatriate earnings.
Executives at MTN Group have received millions of rand in shares as part of the firm’s performance share plan.
Promoted | People need stable, high-quality broadband to work, learn, find job opportunities and access entertainment.
MTN Group expects Nigeria to overcome the short-term “pain” of President Bola Tinubu’s economic reforms by next year.
Covid-19 accelerated the transition among Africa’s 54 countries to wireless, remotely engaged commerce.
JSE-listed MTN Group said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes.
MTN Group said American Tower Corporation will take over its Nigerian tower operations from IHS Holding from 2025.
MTN Group CEO Ralph Mupita earned almost R15-million less last year than he did in 2021, but still walked away with R69.3-million in remuneration.