MTN Group Ltd (MTNJ.J)
18 Jun 2013
|Market Cap (Mil.):||R335,923.59|
|Shares Outstanding (Mil.):||1,881.93|
(The following statement was released by the rating agency) JOHANNESBURG/LONDON, June 04 (Fitch) Fitch Ratings has downgraded MTN Group Limited's (MTN) National Long-Term Rating to 'AA-(zaf)' from 'AA(zaf)'. The Outlook is Stable. Fitch has affirmed the National Short-Term Rating at 'F1+(zaf)'. Simultaneously, Fitch has affirmed MTN Holdings (Pty) Ltd's senior unsecured debt rating at 'AA-(zaf)'. The downgrade reflects the group's heightened business risk profile as a result of its growing
JOHANNESBURG, May 28 - South Africa's MTN Group said on Tuesday it had named former chief executive Phuthuma Nhleko as its chairman, replacing Cyril Ramaphosa who has stepped down in order to return to politics.
JOHANNESBURG, May 28 - South African telecoms operator MTN Group said revenue grew by nearly 6 percent in the first four months of the year, as it added more subscribers particularly in its key Nigerian market.
WASHINGTON - Turkish telecom company Turkcell dropped its multibillion-dollar U.S. lawsuit against rival African mobile phone group MTN Group, citing a recent U.S. Supreme Court ruling that hurt its case.
WASHINGTON, May 1 - Turkish telecom company Turkcell dropped its multibillion-dollar U.S. lawsuit against rival African mobile phone group MTN Group, citing a recent U.S. Supreme Court ruling that hurt its case.
JOHANNESBURG, April 25 - South Africa's MTN Group said on Thursday its subscribers increased by 3 percent in the first quarter of the year, bringing its customer base to 195.4 million people across Africa and the Middle East.
JOHANNESBURG, April 18 - The chief executive of South African telecom MTN Group on Thursday hailed a U.S. Supreme Court ruling as a major boost to its defence against a $4.2 billion lawsuit from rival Turkcell.
JOHANNESBURG, April 18 - The chief executive of South African telecom MTN Group hailed a U.S. Supreme Court ruling this week as major boost to its defence against a $4.2 billion lawsuit from rival Turkcell.
JOHANNESBURG - MTN Group , Africa's largest listed firm, could spend up to $8 billion on an acquisition and is looking for targets on the continent, the Middle East and Southeast Asia, its chief executive said on Wednesday.
JOHANNESBURG, March 15 - A Ugandan court threw out a tax fraud case against the chief executive and other senior officials of South Africa's MTN Group due to lack of evidence, MTN said on Friday.