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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

MTN Group Says MTN Nigeria Continues To Engage With Nigerian Authorities
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - MTN Group Ltd ::RENEWAL OF CAUTIONARY ANNOUNCEMENT.MTN NIGERIA COMMUNICATIONS CONTINUES TO ENGAGE WITH RELEVANT NIGERIAN AUTHORITIES TO ENSURE A MUTUALLY ACCEPTABLE RESOLUTION.RESOLUTIONS IN TALKS RELATE TO MATTERS CONCERNING CENTRAL BANK OF NIGERIA AND ATTORNEY GENERAL OF FEDERAL REPUBLIC OF NIGERIA.  Full Article

Blue Label Telecoms Says Cell C Concludes New Roaming Agreement With MTN
Tuesday, 29 May 2018 

May 29 (Reuters) - Blue Label Telecoms Ltd ::CELL C CONCLUDES NEW ROAMING AGREEMENT WITH MTN.AGREEMENT'S IMPLEMENTATION WILL COMMENCE IN JULY 2018.CELL C, OF WHICH CO HOLDS 45% OF ISSUED SHARE CAPITAL, HAS CONCLUDED A LONG TERM WHOLESALE NATIONAL ROAMING AGREEMENT WITH MTN.  Full Article

MTN Nigeria Posts Q1 Subscriber Net Additions Of 2.3 Mln
Monday, 7 May 2018 

May 7 (Reuters) - MTN Group Ltd ::MTN NIGERIA REPORTED STRONG SUBSCRIBER NET ADDITIONS OF 2,3 MILLION.IN Q1 OF 2018, MTN NIGERIA, INCREASED NAIRA SERVICE REVENUE BY 14,5% YEAR-ON-YEAR.IN Q1, MTN NIGERIA HAD A 62,2% INCREASE IN BILLED DATA VOLUMES.Q1 MTN NIGERIA ACTIVE MOBILE MONEY CUSTOMERS INCREASED TO 2,0 MILLION.Q1 MTN NIGERIA DATA REVENUE INCREASED BY 73,2% YEAR-ON-YEAR.Q1 MTN NIGERIA, EBITDA MARGIN INCREASED BY 332BP TO 41,8%.MTN NIGERIA INVESTED N17,9BN IN CAPEX IN Q1.  Full Article

UPDATE 1-MTN to list Nigerian unit towards April and May - MTN Nigeria CEO

LAGOS, March 13 South African telecoms firm MTN Group Ltd expects its Nigerian subsidiary to list on the local stock exchange "probably more towards April and May", the unit's chief executive said on Wednesday.