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.
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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.
MTN Group has exited its investment in Yemen. Its departure from the troubled country is line with its strategy to leave the Middle East and focus on its investments in Africa.
MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria.
MTN Group has reported a 19.1% improvement in service revenue on the back of strong performances in data and mobile money.
South African telecommunication companies are trying to settle a wireless spectrum auction dispute with the industry regulator out of court to avoid a prolonged legal battle.
MTN Group has decided to pull the plug on its operation in war-torn Syria after it lost control of the business. It has booked a loss of R4.7-billion on the “deconsolidation” of the subsidiary.