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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

12,569.87ZAc
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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

MTN Group sees FY basic headline loss per share of 285-255 cents
Thursday, 4 Aug 2016 01:51am EDT 

MTN Group Ltd : Update on trading statement for the six months ended June 30 2016 . MTN expects to report for HY 2016 a basic headline loss per share of between 285 cents and 255 cents . In total net effect of Nigerian regulatory fine on current period was a negative impact of 474 cents per share for first half . Underlying operational results for HY 2016 were further affected by under-performance of MTN Nigeria . Says HY earnings were further negatively impacted by foreign exchange losses of 135 cps .Relatively weaker operational performance of MTN South Africa, which is expected to report a decline in EBITDA margin, impacted by marked increase in handsets sold during HY 2016.  Full Article

MTN Group says MTN Nigeria to list during 2017
Thursday, 28 Jul 2016 02:30am EDT 

MTN Group Ltd : MTN Nigeria takes steps towards listing and appoints transaction advisors .At present, MTN Nigeria is targeting that listing takes place during 2017.  Full Article

MTN sees negative H1 HEPS due to Nigeria fine
Tuesday, 19 Jul 2016 03:32am EDT 

Mtn Group Ltd : JSE: MTN - trading statement for the six months ended 30 June 2016 . Expects to report negative basic headline earnings per share (HEPS) and basic earnings per share (EPS) for HY2016 . Expected decline in heps primarily as a result of regulatory fine imposed on MTN Nigeria following a resolution with federal government of Nigeria on 10 june 2016 . HY2016 results are further expected to be negatively impacted by under-performance of MTN Nigeria and MTN South africa . Nigerian regulatory fine is expected to have an estimated negative impact of 474 cents on HEPS and EPS, respectively. .MTN South Africa expected to report a decline in EBITDA margin, impacted by marked increase in handsets sold during HY2016.  Full Article

MTN Group says CFO Brett Goschen to leave co; effective Sept. 30
Monday, 4 Jul 2016 01:05am EDT 

MTN Group Ltd : Brett Goschen, group CFO, will be leaving MTN effective 30 September 2016 to pursue other interests . Gunter Engling will assume position of acting group CFO on Brett's departure until a permanent CFO is appointed . Appointment of Stephen Van Coller as vice president of strategy and mergers & acquisitions effective 1 October 2016 . We expect to announce a deputy head of mergers & acquisitions shortly .Gunter Engling is currently CEO of MTN Rwanda.  Full Article

MTN says Nigeria unit wins 2.6 GHz auction
Wednesday, 29 Jun 2016 09:58am EDT 

MTN Group Ltd : MTN nigeria wins 2.6 GHz auction, commits to continued investments in Nigeria's broadband infrastructure . Nigerian communications commission declared MTN as winner of latest auction for a ten-year frequency spectrum licence for 2.6GHz band Further company coverage: [MTNJ.J] (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

UPDATE 3-MTN returns to first-half profit after turbulent 2016

JOHANNESBURG, Aug 3 MTN Group, Africa's biggest mobile phone operator, on Thursday returned to profit in the first half of the year, helping the company to move on from a turbulent 2016 that highlighted the risks of its emerging markets strategy.