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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MTN says expects to report a loss for FY2016
Wednesday, 8 Feb 2017 01:30am EST 

MTN Group Limited : MTN expects to report a loss in basic headline earnings per share (heps) and basic earnings per share (eps) for FY2016 . In prior year comparable period MTN reported heps of 1,204 cents and eps of 746 cents. . Expected decline in heps and eps is mainly as a result of regulatory fine imposed on MTN nigeria . Nigerian regulatory fine is expected to have an estimated negative impact of approximately 474 cents on HEPS and EPS, respectively. .Fy2016 results are further expected to be negatively impacted by under-performance of MTN nigeria and MTN South Africa in first half of 2016.  Full Article

MTN Group to swap 51 pct interest in Nigeria Tower for additional IHS stake
Wednesday, 1 Feb 2017 02:02am EST 

MTN Group Ltd : Will exchange its 51 pct interest in Nigeria Tower Interco BV, for an additional shareholding in IHS Holding Limited . MTN's economic interest in IHS Group will increase from approximately 15 pct to approximately 29 pct .Transaction is expected to close once new shares in ihs group have been issued during Q1 2017.  Full Article

MTN Group announces senior management appointments
Wednesday, 7 Dec 2016 01:30am EST 

MTN Group Limited : MTN Group announces senior management appointments . Jens Schulte-Bockum will assume position of group chief operating officer . Jens will succeed Jyoti Desai, who is retiring . Oliver Fortuin will assume position of executive head of business enterprise, effective March 1, 2017 .Bernice Samuels has re-joined MTN as group executive of marketing, effective Jan. 1, 2017.  Full Article

MTN Group says MTN Zakhele raised about 1.094 billion rand
Tuesday, 22 Nov 2016 06:22am EST 

Mtn Group Ltd :MTN Zakhele Futhi public offer raised approximately 1.094 billion rand from more than 81,000 applicants from across South Africa.  Full Article

MTN Group names Ralph Mupita as group CFO
Monday, 31 Oct 2016 09:10am EDT 

MTN Group Ltd : Appoint Ralph Mupita to position of group chief financial officer and executive director with effect from 3 April 2017. . Gunter Engling, currently acting group CFO, will assume position of deputy chief financial officer, with effect from 3 April .Says Ralph Mupita is currently chief executive of Old Mutual Emerging Markets.  Full Article

MTN names Adcorp unit as preferred vendor for call centres
Friday, 30 Sep 2016 09:22am EDT 

MTN Group Ltd : MTN names preferred vendor for its outsourced call centre facilities . Rightsource, a subsidiary of Adcorp, has been named as preferred partner to manage MTN SA's outsourced call centres . Hybrid call centre model is going live on Oct. 1 2016 Further company coverage: [MTNJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

MTN South Africa names Enzo Scarcella as new chief operating officer
Wednesday, 31 Aug 2016 01:39am EDT 

MTN Group Ltd : MTN appoints new chief operating officer . MTN South Africa has appointed Enzo Scarcella as new chief operating officer, effective 01 December 2016. Further company coverage: [MTNJ.J] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

MTN says Communication Workers Union applied to court for interdict
Thursday, 25 Aug 2016 11:19am EDT 

Mtn Group Ltd : MTN can confirm communication workers union has applied to court for an interdict against MTN . Matter is currently set down to be heard on 31 august; intends to oppose application through normal court process Further company coverage: [MTNJ.J] (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

MTN Group says to address concerns raised by employees at meeting
Tuesday, 16 Aug 2016 08:00am EDT 

MTN Group Ltd : Have received a memorandum of demands from Communications Workers Union (CWU) . Scheduled meeting follows MTN SA's announcement that it will be outsourcing some of its call centre facilities . Can confirm that its management will be meeting with leadership of CWU on Tuesday, Aug.23 2016 . "We will continue to have discussions in good faith with integrity and transparency with CWU in a bid to reach an amicable resolution" Further company coverage: [MTNJ.J] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

MTN reports H1 headline loss, says in the process of review
Friday, 5 Aug 2016 01:20am EDT 

MTN Group Ltd : JSE: MTN - reviewed condensed consolidated interim financial results for the six months ended June 30 2016 . H1 revenue increased by 14.0 pct to R78.88 bln . Says H1 headline loss per share of 271 cents . Interim dividend of 250 cents per share . Says H1 EBITDA decreased by 3.3 pct (25.9 pct.) to 29.27 bln . Group subscribers remained flat at 232.6 million from Dec. 31 2015 . Nigeria regulatory fine re-measurement impact of r10.5 billion . Says depreciation of local currencies against U.S. dollar had a substantial impact on group's results . Brett Goschen, group Chief Financial Officer will be leaving MTN effective Sept. 30 2016. . Hopes to appoint a new cfo before year-end. . Will embark on a process of housing new revenue streams, particularly digital services, outside core business. . New revenue streams are expected to increase their contribution to revenue over next 12-18 months. . MTN aims to list MTN Nigeria on Nigerian Stock Exchange during 2017 . Says anticipate a positive growth trend in South Africa . Gunter Engling, currently CEO of MTN Rwanda and previously group finance executive, will assume position of acting group CFO . In process of undertaking, with external assistance, a deep and fundamental strategic review of its operations and processes . Says will also continue to seek value-accretive expansion opportunities in selected geographies across africa and middle east.  Full Article

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South Africa's MTN concerned over violence against its property in Nigeria

JOHANNESBURG, Feb 23 South Africa's mobile operator MTN Group said on Thursday it was concerned over the violence against its property in Nigeria, where protesters attacked and vandalised its head office.