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India

MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

10,490.00ZAc
23 Jul 2018
Change (% chg)

-265.00 (-2.46%)
Prev Close
10,755.00
Open
10,724.00
Day's High
10,724.00
Day's Low
10,479.00
Volume
5,981,812
Avg. Vol
5,060,379
52-wk High
14,000.00
52-wk Low
10,201.00

Latest Key Developments (Source: Significant Developments)

South Africa's MTN Sells MTN Cyprus To Monaco Telecom For 4,1 Bln Rand
Monday, 16 Jul 2018 

July 16 (Reuters) - MTN Group Ltd ::MTN GROUP LTD - MTN SELLS 100% OF MTN CYPRUS TO MONACO TELECOM FOR APPROXIMATELY R4,1BN.MTN GROUP LTD - NET SALE PROCEEDS OF EUR 260 MILLION (APPROXIMATELY R4,1 BILLION) WILL BE PAID UPFRONT IN CASH.MTN GROUP LTD - MTN HAS AGREED TO ALLOW MONACO TELECOM TO USE MTN BRAND IN CYPRUS FOR UP TO THREE YEARS IN RETURN FOR A COMMERCIAL FEE.MTN GROUP LTD - TRANSACTION VALUES MTN CYPRUS AT APPROXIMATELY 8X REPORTED 2017 EBITDA.MTN GROUP LTD - EXPECTS TRANSACTION, WHICH IS NOT SUBJECT TO ANY COMPLETION CONDITIONS, TO CLOSE WITHIN Q3 OF 2018.  Full Article

Mtn Group Says Mtn Ghana Commenced Offer For Shares In Ghana
Tuesday, 29 May 2018 

May 29 (Reuters) - MTN Group Ltd ::MTN GHANA HAS COMMENCED OFFER FOR SHARES IN GHANA.OFFER IS EXPECTED TO BE OPEN FOR NINE WEEKS AND CLOSE ON 31 JULY 2018.SECURITIES AND EXCHANGE COMMISSION (SEC) AND GSE HAVE APPROVED IPO AND LISTING RESPECTIVELY.  Full Article

MTN Group Remains Committed To Group's Stated Dividend Policy
Thursday, 24 May 2018 

May 24 (Reuters) - MTN Group Ltd ::MTN GROUP LTD - REMAIN COMMITTED TO DELIVERING OUR MEDIUM-TERM GUIDANCE OF UPPER-SINGLE-DIGIT CONSTANT CURRENCY SERVICE REVENUE GROWTH FOR GROUP.MTN GROUP LTD - REMAIN COMMITTED TO DELIVERING MEDIUM-TERM GUIDANCE OF EXPANSION IN GROUP'S EBITDA MARGIN..MTN GROUP LTD - ALSO REMAIN COMMITTED TO GROUP'S STATED DIVIDEND POLICY..MTN GROUP LTD - BOARD ANTICIPATES DECLARING A TOTAL DIVIDEND OF 500 CENTS PER SHARE FOR 2018, GROWING AT 10% TO 20% OVER MEDIUM TERM..  Full Article

Arrowhead Resources' Gaming Battle Ground Pty Partners With Africa's MTN GROUP
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Arrowhead Resources Ltd ::GBG PARTNERS WITH MULTINATIONAL TELCO.‍GAMING BATTLE GROUND PTY HAS EXECUTED CONTENT DISTRIBUTION AGREEMENT WITH MTN GROUP LTD, AFRICA'S MOBILE-NETWORK OPERATOR​.  Full Article

MTN Group confirms government requests on MTN Benin CEO to leave country
Friday, 17 Nov 2017 

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 

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 

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 names Adcorp unit as preferred vendor for call centres
Friday, 30 Sep 2016 

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 

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 

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

UPDATE 1-MTN's Dubai subsidiary sells MTN Cyprus for $304 million

JOHANNESBURG, July 16 South Africa-based mobile telecommunications company MTN Group Ltd said on Monday its Dubai subsidiary sold its Cyprus business to Monaco Telecom S.A for 260 million euros($304 million).