Key Developments: MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Intracom Holdings SA's Intracom Telecom Provides MTN Group Ltd With Point-to-Multipoint System
Monday, 11 Nov 2013 09:12am EST 

Intracom Holdings SA announced the signing of a Frame Agreement with MTN Group Ltd, to supply its Point-to-Multipoint wireless system, WiBAS. Intracom Telecom’s WiBAS system will enable MTN operators to decrease their annual spending on fees for operating frequencies, reduce the expenses for site rental and enhance their network coverage, and offer high-quality, reliable broadband services to its corporate subscribers across MTN’s countries of operation. The framework agreement covers all 22 countries served by MTN operators across Africa & Middle East while at this initial phase Intracom Telecom will deploy its WiBAS system to MTN and its subsidiaries in South Africa, Nigeria, Cameroon and Benin. The first systems under this Frame Agreement will be deployed in MTN’s network in South Africa within 2013.  Full Article

Cell C Lodges Competition Complaint Against MTN Group Ltd-Reuters
Wednesday, 9 Oct 2013 05:23am EDT 

Reuters reported that Cell C on Wednesday has lodged an antitrust complaint against MTN Group Ltd charging with "discriminatory pricing". Unlisted Cell C said in a statement it had lodged the complaint with South Africa's competition watchdog over the rates MTN charge their own customers for calling users of other networks. MTN offer discounts when customers call subscribers on the same network, but charge a premium for calls to other networks, Cell C CEO Alan Knott-Craig said in a statement. This amounts to discriminatory pricing and is without a doubt anti-competitive when adopted by dominant operators, he said. It was not immediately clear what action, if any, the Pretoria-based Competition Commission would take after receiving the complaint.  Full Article

MTN Group Ltd Announces Interim Dividend
Wednesday, 14 Aug 2013 01:30am EDT 

MTN Group Ltd announced that a gross interim dividend of 370 cents per share for the six months ended June 30, 2013 has been declared payable to shareholders of MTNs shares. The record date is on September 6, 2013 and the payment date is on September 9, 2013.  Full Article

MTN Group Ltd Issues H1 2013 EPS Guidance In Line With Analysts' Estimates
Thursday, 1 Aug 2013 05:00am EDT 

MTN Group Ltd announced that it expects an increase of between 20% and 25% in headline earnings per share (HEPS) for the first half of 2013 when compared against the first half of 2012. The Company reported EPS of ZAR5.37 for the first half of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of ZAR6.38 per share for first half of 2013.  Full Article

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

BRIEF-MTN Group posts 16.7 pct rise in reported data revenue

* Satisfactory subscriber growth of 1.8 pct quarter-on-quarter (qoq), adding 4.1 million subscribers

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