Key Developments: MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

24,595.00ZAc
9:59am EDT
Price Change (% chg)

115.00c (+0.47%)
Prev Close
24,480.00c
Open
24,400.00c
Day's High
24,658.00c
Day's Low
24,309.00c
Volume
1,708,526
Avg. Vol
3,457,106
52-wk High
24,679.00c
52-wk Low
17,650.00c

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Latest Key Developments (Source: Significant Developments)

MTN Group Ltd Announces Resignation And Appointment Of Director (Group Chief Financial Officer)
Tuesday, 23 Jul 2013 01:55am EDT 

MTN Group Ltd announced that Mr. Nazir Patel, the Group Chief Financial Officer and executive financial director on the Board of Directors of MTN Group, resigned with immediate effect. Mr. Brett Goschen has been appointed as Group Chief Financial Officer and executive financial director on the Board, with immediate effect.  Full Article

MTN Group Ltd Bid For Telecom Licence In Myanmar-Business Standard
Wednesday, 5 Jun 2013 04:30am EDT 

Business Standard reported that apart from Airtel consortium, there are ten other bidders in the race for two new licences in Myanmar, which include Axiata, Digicel, France-Tel, KDDI CORP, Millicom, MTN Group Ltd, QTel, SingTel, Telenor and Viettel. A consortium of Vodafone and China Mobile decided to opt out of the bidding process. The winners are expected to be announced on June 27. The licences are for 2x5 MHz on 900 MHz and 2x10 MHz on 2,100 MHz. Overall, the Myanmarese government will award four licences, two new ones and two for the existing local operators, MPT (the incumbent) and Yatanarpon Teleport (YT).  Full Article

MTN Group Ltd Appoints Former Chief Executive Officer Nhleko As Chairman-Reuters
Tuesday, 28 May 2013 10:27am EDT 

Reuters reported that South Africa's MTN Group Ltd had named former Chief Executive Officer (CEO) Phuthuma Nhleko as Chairman, replacing Cyril Ramaphosa who has stepped down in order to return to politics.  Full Article

Myanmar Names MTN Group Ltd And Other Bidders In Race For Two Mobile Licences-Reuters
Thursday, 11 Apr 2013 09:07am EDT 

Reuters reported that Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets. The companies include Bharti Airtel Ltd, China Mobile Ltd, KDDI CORP, MTN Group Ltd, Singapore Telecommunications Ltd, Telenor ASA and Digicel, a group backed by billionaire George Soros. The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013. The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said. China Mobile has teamed up with Vodafone Group Plc, while France Telecom SA is working with Marubeni Corporation, and Africa's MTN with M1 Telecom and Amara Communications. SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's SUMITOMO CORP and Myanmar Information and Communication Technology Development Corp. Other pre-qualifiers are Axiata Group Bhd, Millicom International Cellular SA, Qatar Telecom QSC and Viettel Group. The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5%-10%, compared with rates of over 100% in many developed markets.  Full Article

MTN Group Ltd Announces Final Dividend
Wednesday, 6 Mar 2013 02:00am EST 

MTN Group Ltd announced that a gross final dividend of 503 cents per share for the period to December 31, 2012 has been declared payable to MTN shareholders. The record date is on March 28, 2013 and the payment date is on April 2, 2013.  Full Article

MTN Group Ltd Via Its Subsidiary To Acquire Whole Stake in MTN Cyprus
Wednesday, 6 Feb 2013 01:45am EST 

MTN Group Ltd, through its wholly owned subsidiary, MTN Dubai, has agreed to acquire a 50% equity interest in MTN Cyprus from its local partner, Amaracos Holdings. The transaction will increase MTN’s ownership interest to 100%. The acquisition is subject to approval by the Commission for Protection of Competition of the Republic of Cyprus. MTN Group Ltd acquired its initial investment in MTN Cyprus in 2006.  Full Article

South Africa's MTN lifts H1 profit 9 pct, data unit robust

JOHANNESBURG, Aug 7 - South African wireless carrier MTN Group reported a 9 percent rise in first-half profit on Thursday, as strong demand for its high-margin data services offset slow voice growth at home.

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