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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

11,254.00ZAc
27 Jun 2017
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Latest Key Developments (Source: Significant Developments)

MTN says MTN Rwanda gets fine notification Rwanda authority
Wednesday, 17 May 2017 06:20am EDT 

May 17 (Reuters) - MTN Group Ltd ::MTN acknowledges receipt of fine notification from Rwanda utilities regulatory authority.MTN Rwanda has received official notification of a fine equivalent to us$ 8,5 million from rwanda utilities regulatory authority (RURA).Fine relates to non-compliance with directives issued by regulator prohibiting inclusion of mtn rwanda in MTN South and East Africa (sea) it hub based in Uganda.MTN rwanda is currently studying official notification and will continue to engage with regulator on this matter.MTN has been engaging with regulator on this matter over past four months..  Full Article

MTN to invest 540 mln rand in Iranian Net
Monday, 8 May 2017 06:35am EDT 

May 8 (Reuters) - Mtn Group Ltd ::MTN Group signs non-binding preliminary agreement to invest in Iranian Net.Signed a non-binding preliminary agreement to invest approximately 540 mln rand into Iranian fixed broadband provider, Iranian Net, for a 49 pct stake.Agreement with further investments of approximately 3.4 bln rand in both equity and loans to facilitate Iranian Net meeting its rollout targets over next five years.  Full Article

MTN Group says qtrly group total revenue increased by 7.1%
Wednesday, 3 May 2017 01:05am EDT 

May 3 (Reuters) - MTN Group Ltd ::Says group total revenue increased by 7.1% with data revenues up 29.4% year-on-year yoy).MTN South Africa reported a solid performance with a 4,1% increase in service revenue.Group subscribers decreased by 1.5% quarter-on-quarter as result of restatements to subscriber numbers in Ghana, Rwanda and Zambi.MTN South Africa subscribers declined in quarter on traditional seasonality, but remain committed to net additions guidance of 630000.MTN Nigeria delivered continued positive operational momentum and reported an 11,6% increase in qtrly total revenue.  Full Article

MTN says Mteto Nyati to step down as CEO of MTN SA
Tuesday, 7 Mar 2017 10:40am EST 

MTN Group Ltd : Mteto Nyati will be stepping down as CEO of MTN SA with effect from 13 March 2017 .Godfrey Motsa will assume position of CEO of MTN SA with effect from 13 March 2017..  Full Article

MTN Group posts full-year headline loss of 77 c/shr
Thursday, 2 Mar 2017 12:17am EST 

MTN Group Ltd : Consolidated financial results for the year ended Dec. 31, 2016 . FY revenue increased marginally by 0.4 pct (2.9 pct.) to R146.894 billion . FY group subscribers increased by 3.3 pct to 240.4 million . FY headline loss per share of 77 cents . FY data revenue increased by 16.7 pct (19.7 pct.) to R39.546 billion . Final FY dividend of 450 cents per share . FY voice traffic decreased by 1.7 pct and data traffic increased by 143 pct . FY capex increased by 19.6 pct (28.7 pct.) to R34.920 billion . New revenue streams, particularly digital services, are expected to increase their contribution over next 18 months . MTN Nigeria continues to make progress with its preparations to list MTN Nigeria shares on Nigerian Stock Exchange . MTN Ghana is working with relevant regulators on its localisation transaction, which is expected to be completed during course of 2017 . In 2017, we expect mid-single-digit revenue growth and EBITDA margin expansion of between 50 and 100 bps yoy in S.Africa .Will continue to review infrastructure investment opportunities, including Iran.  Full Article

MTN Group expects to report FY basic HEPS 74-81 cents
Monday, 27 Feb 2017 12:05am EST 

MTN Group Ltd : MTN expects to report for fy2016 a basic headline loss per share of between 74 cents and 81 cents .results for year were impacted by nigerian regulatory fine, which had a 455 cents per share (cps) negative impact.  Full Article

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

More From Around the Web

UPDATE 1-South Africa's Naspers in talks with MTN over pay-TV deal

JOHANNESBURG, May 22 South African broadcaster Naspers is in talks with MTN Group to supply pay-TV content to the mobile operator's subscribers, Naspers said on Monday.