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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

13,201.30ZAc
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

MTN Group confirms government requests on MTN Benin CEO to leave country
Friday, 17 Nov 2017 07:12am EST 

Nov 17 (Reuters) - MTN GROUP LTD ::CONFIRMS THAT STEPHEN BLEWETT, CEO OF MTN BENIN HAS RECEIVED OFFICIAL NOTIFICATION FROM GOVERNMENT OF BENIN, REQUESTING TO LEAVE THE COUNTRY BY 24 NOV 2017‍​.REASON CITED FOR THIS REQUEST IS BLEWETT’S ENGAGEMENT IN “ACTIVITIES DETRIMENTAL TO SECURITY AND PUBLIC ORDER”.SAYS CO HAS TAKEN NOTE OF THE GOVERNMENT’S CONCERNS, HOWEVER REFUTES THESE ALLEGATIONS.BLEWETT WILL ABIDE BY THE GOVERNMENT’S REQUEST AND WILL LEAVE BENIN BY THE DATE STIPULATED BY LOCAL AUTHORITIES.  Full Article

MTN Group says ‍MTN benin receives notification from ARCEP on Nov 8
Thursday, 9 Nov 2017 10:30am EST 

Nov 9 (Reuters) - Mtn Group Ltd :‍MTN BENIN RECEIVED NOTIFICATION FROM ARCEP ON NOV 8 THAT A PROCESS WAS INITIATED TO REVIEW OUTSTANDING INVOICES ON FREQUENCY FEES FOR 2016 AND 2017​.‍WILL CONTINUE TO ENGAGE WITH REGULATORY AUTHORITIES IN BENIN TO FIND AN AMICABLE SOLUTION TO THIS MATTER​.  Full Article

MTN Group provides ‍quarterly update for period ended Sept. 30
Tuesday, 24 Oct 2017 01:05am EDT 

Oct 24 (Reuters) - Mtn Group Ltd :‍QUARTERLY UPDATE FOR PERIOD ENDED 30 SEPTEMBER 2017​.‍QTR GROUP SUBSCRIBERS DECLINED MARGINALLY BY 0,7% QUARTER-ON-QUARTER (QOQ) TO 230,2 MILLION​.‍QTR ACTIVE MTN MOBILE MONEY CUSTOMERS INCREASED QOQ BY 10,6% TO 19,8 MILLION​.QUARTER ‍VOICE TRAFFIC (BILLABLE MINUTES) INCREASED BY 9% AND DATA TRAFFIC CONTINUED TO GROW STRONGLY UP BY SOME 125% YEAR-ON-YEAR (YOY)​.‍ON A CONSTANT CURRENCY BASIS GROUP TOTAL REVENUE INCREASED BY 6,9%​ IN QUARTER.‍YEAR-TO-DATE CAPITAL EXPENDITURE WAS R18 BILLION, UP 1,1%​.‍WORKING ON REDUCING OUT-OF-BUNDLE DATA PRICING ACROSS MARKETS WHICH IS EXPECTED TO HAVE SHORT-TERM IMPACT ON DATA REVENUE GROWTH.‍REMAIN ON TRACK TO MEET OUR FINANCIAL YEAR 2017 GUIDANCE DESPITE CONTINUED CHALLENGING ECONOMIC GROWTH ACROSS OUR MARKETS​.  Full Article

MTN Group says on track to meet FY 2017 guidance
Thursday, 3 Aug 2017 01:05am EDT 

Aug 3 (Reuters) - MTN GROUP LTD ::MTN GROUP LTD - ON TRACK TO MEET FINANCIAL YEAR 2017 (FY2017) GUIDANCE COMMUNICATED IN MARCH 2017.HY GROUP REVENUE IN CONSTANT CURRENCY GREW BY 6,7%* TO R64 315 MILLION, UNDERPINNED BY 10,8%* GROWTH IN REVENUE IN NIGERIA.MTN GROUP LTD - MACRO-ECONOMIC CONDITIONS REMAIN "CHALLENGING ACROSS A NUMBER OF OUR MARKETS".HY DATA REVENUE INCREASED BY 31,9%* TO R13 952 MILLION, SUPPORTED BY IMPROVED QUALITY AND CAPACITY OF OUR DATA NETWORKS IN KEY MARKETS.MTN GROUP LTD - DURING PAST SIX MONTHS MANAGEMENT TEAM UNDERTOOK A THOROUGH REVIEW OF GROUP STRATEGY.HY DIGITAL REVENUE INCREASED BY 24,7%*, DRIVEN MAINLY BY MOBILE FINANCIAL SERVICES (MFS).HY SUBSCRIBER NUMBERS IN PERIOD DECREASED BY 3,6% TO 231,8 MILLION IMPACTED BY A DECLINE IN SUBSCRIBER NUMBERS IN MTN NIGERIA AND MTN GHANA.MTN GROUP LTD - HY REPORTED HEADLINE EARNINGS PER SHARE (HEPS) WERE 217 CENTS COMPARED TO A 271 CENTS HEADLINE LOSS PER SHARE IN COMPARABLE PERIOD.IN IRAN, WE EXPECT TO BENEFIT FROM GROWTH IN IRANIAN ECONOMY AND FROM COUNTRY'S YOUTHFUL POPULATION, PARTICULARLY IN DIGITAL SERVICES SPACE.MTN GROUP LTD - REDUCED CAPEX GUIDANCE FOR 2017 TO R30,0 BILLION FROM PREVIOUS GUIDANCE OF R34,8 BILLION.MTN GROUP LTD - EXPECT TO ACCELERATE EXPENDITURE IN SECOND HALF AND MEET REVISED CAPEX GUIDANCE FOR FULL YEAR.BOARD HAS DECLARED AN INTERIM DIVIDEND OF 250 CENTS PER SHARE.DIVIDEND IN LINE WITH FY2017 GUIDANCE OF 700 CENTS PER SHARE COMMUNICATED IN MARCH 2017.  Full Article

MTN Group expects interim 2017 basic HEPS between 210-230 cents
Thursday, 27 Jul 2017 01:05am EDT 

July 27 (Reuters) - MTN GROUP LTD ::SHAREHOLDERS ARE ADVISED THAT MTN EXPECTS TO REPORT INTERIM 2017 BASIC HEADLINE EARNINGS PER SHARE OF BETWEEN 210 CENTS AND 230 CENTS.MTN EXPECTS TO REPORT INTERIM 2017 BASIC EARNINGS PER SHARE OF BETWEEN 280 CENTS AND 300 CENTS.  Full Article

MTN expects to report improvement of at least 20 pct in HY 2017 HEPS, EPS
Friday, 14 Jul 2017 11:15am EDT 

July 14 (Reuters) - Mtn Group Ltd :Expects to report an improvement of at least 20% in both headline earnings per share (HEPS) and earnings per share (EPS) for HY ended 30 June 2017​.Negative performance in prior year period was due to non-reccurring costs, including Nigeria regulatory fine of 474 cps.  Full Article

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

Benin regulator reviewing MTN's non-payment of $213 mln

JOHANNESBURG, Nov 9 South African telecoms giant MTN Group said on Thursday Benin's regulator was reviewing its local unit's reasons for not paying $213 million in frequency fees for 2016 and 2017.