MTN Group lifted first quarter pretax profit by 21.1% year on year, supported by service revenue growth amid demand for data and financial services.
Browsing: Ralph Mupita
MTN Group CEO Ralph Mupita expects consolidation in the markets in which the group operates as high capital investment requirements make it increasingly difficult for smaller operators to keep up.
MTN Group CEO Ralph Mupita earned total remuneration in the 2021 financial year of R84.2-million – and he wasn’t the only top executive handsomely rewarded.
MTN South Africa is aiming to reach 25% coverage of South Africa’s population with next-generation 5G services by the end of the year, and 60% by 2025.
MTN Group will look for minority investors in its African fintech unit after separating the division from its traditional telecommunications business.
MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.
MTN Group’s share price topped R200/share on Wednesday, the first time the JSE-listed telecoms giant has touched these levels in nearly seven years.
MTN Group has raised gross proceeds R4.3-billion through the sale of shares in its Nigerian subsidiary that has seen its stake in reduced to 75.6%.
MTN Group, the largest pan-African telecommunications operator, said on Monday that it plans to implement a Covid-19 vaccine mandate.
MTN Group said on Tuesday that it has secured regulatory approval for a public offer of ordinary shares in its Nigerian subsidiary.