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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

19 Jan 2018
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-535.00 (-3.85%)
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Latest Key Developments (Source: Significant Developments)

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

MTN Group names Ralph Mupita as group CFO
Monday, 31 Oct 2016 09:10am EDT 

MTN Group Ltd : Appoint Ralph Mupita to position of group chief financial officer and executive director with effect from 3 April 2017. . Gunter Engling, currently acting group CFO, will assume position of deputy chief financial officer, with effect from 3 April .Says Ralph Mupita is currently chief executive of Old Mutual Emerging Markets.  Full Article

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 assigns $231 mln shareholder loan to African phone tower group

JOHANNESBURG, Dec 28 MTN Group, Africa's biggest mobile phone operator, said on Thursday it had assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits.