Browsing: MTN Nigeria

Currencies hit MTN, but group making progress

Fluctuating exchange rates have hit MTN’s numbers for the third quarter hard, with reported group total revenue and group service revenue reducing by 13.4% and 14% respectively year on year. However, in constant currency terms, the

MTN grows SA subscribers by 1.5%

MTN has increased its South African subscriber base by 1.5% to 31.2m, with revenue rising by 1.6%, the telecommunications group said on Thursday. “MTN South Africa delivered an encouraging performance, supported

MTN plunges 10% as profit disappoints

MTN Group, Africa’s biggest mobile-network operator by sales, fell the most in more than a year after a return to first-half profit after a $1bn regulatory fine fell short of analyst expectations. Headline earnings per share

MTN provides guidance on earnings

MTN said on Thursday that it expects to have swung back into a profitable position in the first six months, with headline earnings per share of between R2.10 and R2.30, compared to a headline loss a year ago

MTN agrees to pay Rwanda fine

MTN has reportedly agreed to settle a fine of $8.5m with the Rwandan government after negotiations over the fine broke down. The fine was imposed on the Rwandan subsidiary of the Johannesburg

Airtel bets on 4G to best MTN in Nigeria

Bharti Airtel’s Nigeria unit said a partnership with China’s ZTE to provide 4G high-speed broadband will see it add subscribers and narrow the gap with market leader MTN Group in Africa’s most populous country

MTN hit by regulatory fine in Rwanda

A Rwandan regulator has imposed a fine equivalent to R112m on MTN, the JSE-listed telecommunications group said on Wednesday. The fine, a tiny fraction of the one imposed on its by

MTN bosses rake in millions

MTN’s interim group executive chairman, Phuthuma Nhleko, took home more than R72m in the 2016 financial year, during which time he acted as CEO and as chairman of the crisis-hit emerging markets telecommunications

Shuter takes reins at troubled MTN

MTN Group’s new CEO, Rob Shuter, begins work on Monday morning, taking the reins from interim executive chairman Phuthuma Nhleko at a time of considerable operational challenges at Africa’s biggest telecommunications operator. Shuter, until

1 3 4 5 6 7 15