Edition:
India

MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

10,507.00ZAc
16 Sep 2019
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4,935,047
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11,445.00
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6,907.00

Latest Key Developments (Source: Significant Developments)

MTN Group Says MTN Zambia CEO Philip Van Dalsen To Leave By September-End
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - MTN Group Ltd ::CURRENT MTN ZAMBIA CEO, PHILIP VAN DALSEN WILL BE LEAVING MTN AT END OF SEPTEMBER.MTN RWANDA CEO, BART HOFKER, WILL TAKE OVER FROM VAN DALSEN, EFFECTIVE OCTOBER.MITWA KAEMBA NG'AMBI HAS BEEN APPOINTED AS NEW CEO OF MTN RWANDA.CEO OF MTN COTE D'IVOIRE FREDDY TCHALA WILL BE LEAVING MTN AT END OF SEPTEMBER.  Full Article

MTN Group HY HEPS 195 Cents
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - MTN Group Ltd ::JSE: MTN - CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE 6 MONTHS ENDED 30 JUNE 2019.MTN GROUP LTD - INTERIM DIVIDEND OF 195 CENTS PER SHARE IN LINE WITH GUIDANCE, UP 11,4%.MTN GROUP LTD HY SUBSCRIBERS INCREASED BY 7,7 MILLION TO 240 MILLION FROM 31 DECEMBER 2018.MTN GROUP LTD - HY SERVICE REVENUE GREW BY 9.7%.MTN GROUP LTD HY REPORTED GROUP HEPS AT 195 CPS.MTN GROUP LTD HY REPORTED GROUP EPS AT 247 CPS.MTN GROUP - EXPECT LOWER WHOLESALE REVENUE IN MTN SOUTH AFRICA TO BE DRAG ON SERVICE REVENUE AFTER END OF NATIONAL WHOLESALE DEAL WITH TELKOM ON 28 JUNE.MTN GROUP - REITERATE GUIDANCE FOR MEDIUM TERM (3 TO 5 YEARS) OF DOUBLE-DIGIT GROWTH IN GROUP SERVICE REVENUE IN CONSTANT CURRENCY TERMS.MTN GROUP - REITERATE GUIDANCE FOR MEDIUM TERM (3 TO 5 YEARS) OF DOUBLE-DIGIT GROWTH IN MTN NIGERIA'S SERVICE REVENUE.MTN GROUP - REITERATE GUIDANCE FOR MEDIUM TERM (3 TO 5 YEARS) OF MID-SINGLE-DIGIT GROWTH IN SERVICE REVENUE FROM MTN SOUTH AFRICA.MTN GROUP LTD - EXPECT TO CONTINUE TO INCREASE GROUP EBITDA MARGIN OVER MEDIUM TERM (3 TO 5 YEARS).MTN GROUP LTD - BOARD REMAINS COMMITTED TO TARGETING GROWTH OF 10% TO 20% IN DIVIDEND OVER MEDIUM-TERM.MTN GROUP LTD - PLAN TO DISPOSE OF SHAREHOLDING IN MASCOM WIRELESS BOTSWANA FOR A CONSIDERATION OF US$300 MILLION IS IN PROGRESS.MTN GROUP LTD - PLAN TO LAUNCH MOMO IN SOUTH AFRICA IN SECOND HALF OF YEAR.MTN GROUP LTD - EXPECT GROUP CAPEX INTENSITY TO STEADILY IMPROVE OVER MEDIUM TERM.  Full Article

MTN Group Says HY EBITDA For MTN Nigeria Grew By 40% To N304.9 Billion
Friday, 26 Jul 2019 

July 26 (Reuters) - MTN Group Ltd ::HY EBITDA FOR MTN NIGERIA (NOT TOTAL CO) GREW BY 40.0% TO N304.9 BILLION, OR 16.2% TO N253.0 BILLION ON IAS 17 BASIS.SUMMARY OF MTN NIGERIA UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019.HY MTN NIGERIA MOBILE SUBSCRIBERS INCREASED BY 3.3 MILLION TO 61.5 MILLION.MTN NIGERIA CHIEF FINANCIAL OFFICER ADEKUNLE AWOBODU HAS INDICATED HIS INTENTION TO RESIGN FROM POSITION OF CFO.MTN NIGERIA BOARD HAS APPROVED A MAIDEN INTERIM DIVIDEND AS A LISTED COMPANY, OF N2.95 KOBO PER SHARE.  Full Article

MTN Group Says Listing Of MTN Nigeria On Nigerian Stock Exchange
Wednesday, 15 May 2019 

May 15 (Reuters) - MTN Group Ltd ::LISTING OF MTN NIGERIA ON THE NIGERIAN STOCK EXCHANGE.INTENDS TO RECOMMEND TO MTN NIGERIA BOARD TO APPROVE LISTING OF MTN NIGERIA, BY WAY OF INTRODUCTION ON PREMIUM BOARD OF NSE ON 16 MAY 2019.LISTING BY INTRODUCTION MEANS THAT EXISTING SHARES OF MTN, NIGERIAN INVESTORS, OTHERS TO BE LISTED WITHOUT ADDITIONAL PUBLIC SALE OF SHARES.COMMENCEMENT LISTING PRICE WAS SET AT N90 PER ORDINARY SHARE.COMMENCEMENT LISTING PRICE SET AT N90 PER ORDINARY SHARE, DETERMINED WITH PRIVATE SHARE SALE DEALS BY MTN NIGERIA SHAREHOLDERS OVER PAST 180 DAYS.  Full Article

MTN Group Qtrly Group Subscribers Up QoQ By 4 Mln To 236,6 Mln
Thursday, 9 May 2019 

May 9 (Reuters) - MTN Group Ltd ::QUARTERLY GROUP SUBSCRIBERS INCREASED QUARTER-ON-QUARTER (QOQ) BY 4,0 MILLION TO 236,6 MILLION.QUARTERLY ACTIVE DATA SUBSCRIBERS INCREASED QOQ BY 2,6 MILLION TO 81,3 MILLION.QUARTERLY GROUP SERVICE REVENUE INCREASED YEAR-ON-YEAR (YOY) BY 10,0%.REMAIN COMMITTED TO ACHIEVING MEDIUM-TERM TARGETS.NOTE PROVISIONAL FINDINGS AND RECOMMENDATIONS OF COMPETITION COMMISSION IN ITS DATA SERVICES MARKET INQUIRY.WILL ENGAGE WITH COMMISSION CONSTRUCTIVELY, AHEAD OF SUBMITTING RESPONSE IN JUNE 2019.REMAIN OF VIEW THAT SIGNIFICANT REDUCTIONS IN DATA PRICING HAVE ALREADY BEEN IMPLEMENTED SUBSEQUENT TO DATA ANALYSED IN REPORT.REMAIN OF VIEW THAT URGENT RELEASE OF HIGH DEMAND SPECTRUM WILL RESULT IN LOWER COST OF DATA SERVICES.  Full Article

MTN Group Says Mcebisi Jonas Appointed Chairman Designate
Friday, 3 May 2019 

May 3 (Reuters) - MTN Group Ltd ::JSE: MTN - CHANGES TO THE BOARD OF MTN GROUP.MCEBISI JONAS HAS BEEN APPOINTED CHAIRMAN-DESIGNATE.MCEBISI JONAS WILL ASSUME POSITION OF CHAIRMAN OF MTN GROUP EFFECTIVE ON 15 DECEMBER 2019.CHAIRMAN OF MTN GROUP, PHUTHUMA NHLEKO, WILL STEP DOWN FROM BOARD ON 15 DECEMBER 2019.PETER MAGEZA AND DAWN MAROLE WILL STEP DOWN FROM BOARD EFFECTIVE ON 30 APRIL 2020.ALAN HARPER, JEFF VAN ROOYEN AND KOOSUM KAYLAN WILL STEP DOWN FROM BOARD ON 15 DECEMBER.RESOLVED TO ESTABLISH AN INTERNATIONAL ADVISORY BOARD.LAMIDO SANUSI AND VINCENT RAGUE TO BE APPONTED TO BOARD WITH EFFECT FROM 1 JULY 2019.INTERNATIONAL ADVISORY BOARD WILL COMMENCE ON 1 JULY 2019.MTN - IAB WILL BE CHAIRED BY FORMER PRESIDENT OF SOUTH AFRICA THABO MBEKI.MTN GROUP SAYS "BOARD IS OF VIEW THAT MTN GROUP HAS ENTERED A MORE STABLE AND SETTLED PHASE, ENABLING IT TO NOW AFFECT AN EVOLUTION OF BOARD".  Full Article

MTN Group Says MTN Ghana Reported EBITDA Growth Of 38.6% For Qtr
Monday, 29 Apr 2019 

April 29 (Reuters) - MTN Group Ltd ::SUMMARY OF MTN GHANA UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 31 MARCH 2019.QTRLY MTN GHANA SERVICE REVENUE INCREASED BY 21,9% YEAR-ON-YEAR.MTN GHANA REPORTED EBITDA GROWTH OF 38,6% FOR THREE MONTHS ENDED 31 MARCH 2019.MTN GHANA ACTIVE DATA SUBSCRIBERS WERE 14,3 MILLION (6,7 MILLION ) FOR THREE MONTHS ENDED 31 MARCH 2019.  Full Article

MTN Sees Full-Year HEPS Growth Of Between 80-90 Pct
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - MTN Group Ltd ::FURTHER TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018.MTN GROUP LTD SEES FULL YEAR HEADLINE EARNINGS PER SHARE GROWTH OF BETWEEN 80% AND 90%.HEPS IMPACTED BY A NUMBER OF ONCE-OFF AND NON-CASH ITEMS TOTALING APPROXIMATELY 220 CENTS PER SHARE IN FINANCIAL YEAR ENDED 31 DECEMBER 2018.MTN GROUP LTD SEES FULL YEAR BASIC EARNINGS PER SHARE GROWTH OF BETWEEN 95% AND 100%.ADJUSTMENTS FOR YEAR INCLUDE COSTS RELATED TO NIGERIAN REGULATORY FINE.SEES FY HEPS OF 328 CENTS TO 346 CENTS AND EPS OF 480 CENTS TO 492 CENTS.ADJUSTMENTS FOR YEAR INCLUDE COSTS ALSO RELATED TO HYPERINFLATION ADJUSTMENTS, NET FOREX LOSSES, RESOLUTION PAYMENT TO CENTRAL BANK OF NIGERIA.  Full Article

MTN Nigeria Engaging With Nigerian Authorities To Reach Acceptable Resolution
Monday, 10 Dec 2018 

Dec 10 (Reuters) - MTN Group Ltd ::JSE: MTN - RENEWAL OF CAUTIONARY ANNOUNCEMENT.MTN GROUP - MTN NIGERIA CONTINUES TO ENGAGE WITH NIGERIAN AUTHORITIES IN ORDER TO REACH A MUTUALLY ACCEPTABLE RESOLUTION ON BOTH CBN AND AGF MATTERS.  Full Article

Syria's DSE Says MTN Syria Gets Initial Approval To List Shares
Monday, 26 Nov 2018 

Nov 26 (Reuters) - DAMASCUS SECURITIES EXCHANGE::SAYS MTN SYRIA GETS INITIAL APPROVAL FOR LISTING OF ITS SHARES ON DSE.  Full Article

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MTN Nigeria shares hit three-month high after partial reopening

ABUJA Shares of MTN Nigeria hit a three-month high on Friday after the telecoms company's offices partially reopened following a shutdown due to anti-South African attacks in the West African country.