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MTN optimistic about its Iran business despite renewed US sanctions

By: Natasha Odendaal     24th August 2018 Telecommunications group MTN remains optimistic over prospects in Iran, despite the recently renewed US sanctions blocking further attempts at repatriating funds due to it from 49%-owned joint venture MTN Irancell. In May, the US withdrew from the Joint Comprehensive Plan of Action (JCPOA)... 

MTN posts lower H1 profits, reports improved operational performance

By: Natasha Odendaal     8th August 2018 Telecommunications giant MTN on Wednesday posted improved financial results on a constant currency basis for the first half of 2018, with growth achieved in service revenue and an increase in margins on earnings before interest, taxes, depreciation and amortisation (Ebitda). For the six months... 

MTN announces Ghana IPO

By: Creamer Media Reporter      29th May 2018 Telecommunications giant MTN’s Ghana subsidiary Scancom, or MTN Ghana, has launched its initial public offer (IPO) with the intention of listing on the Ghana Stock Exchange (GSE). The listing formed part of the localisation requirement as part of the awarding to MTN Ghana of a fourth-generation... 

MTN’s subscriber base, revenue grow in Q1

By: Marleny Arnoldi     3rd May 2018 Mobile network operator MTN’s subscribers increased by 1.9% quarter-on-quarter with net additions of 4.1-million in the first quarter of this year, while active MTN mobile money users increased by 3.9% quarter-on-quarter to 22.7-million.  

MTN returns to FY profitability

By: Natasha Odendaal     8th March 2018 JSE-listed MTN on Thursday posted a turnaround in its earnings for the year ended December 31, with a full-year return to profitability after plunging into the red last year for the first time in its two-decade history. Reported headline earnings per share (HEPS) for the year under review climbed... 

Huge Group appoints new Huge Telecom MD

By: Natasha Odendaal     28th November 2017 JSE-listed Huge Group has appointed MTN deputy CFO Gunter Engling MD of Huge Telecom. His appointment will be effective April 1, 2018, following the completion of his notice period with MTN. 

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

MTN sets out to prove it’s the best custodian of emerging market assets after H1 recovery

By: Natasha Odendaal     3rd August 2017 As telecommunications giant MTN starts to recover from a turbulent 2016, new CEO Rob Shuter is laying the growth foundation to leverage future opportunities through an enhanced six-pillar strategy. Shuter, who took the reins in mid-March, unveiled the development of a new growth plan – dubbed... 

Prepaid market pushes MTN S Africa subscriber base to 29.1m

By: Natalie Greve     22nd October 2015 Telecommunications group MTN has boosted its overall subscriber base by 0.9% quarter-on-quarter in the three months ended September 30, benefitting from a 2% growth in the South African market that emerged largely from the prepaid segment and pushed the domestic subscriber base to 29.1-million.... 

MTN Cameroon wins US$100 000 prize to invest in community projects

20th October 2015 MTN Group today announced that MTN Cameroon will receive US$100 000 to invest in community projects, as recognition of the outstanding and selfless work of employees in that country, during the Group’s annual employee volunteer programme. MTN Cameroon employees rallied together during the 21 Days... 

MTN SA rallies in Q3

By: Natasha Odendaal     23rd October 2014 Mobile operator MTN South Africa has gained some ground in winning back customers during the quarter to September 30 after a delayed reaction to the price war last year saw the JSE-listed group fall behind its rivals. The group’s South African operation added 1.4-million net subscribers during... 

MTN restructures management after Patel’s exit

By: Natasha Odendaal     25th July 2013 Telecommunications group MTN embarked on a management restructure following the surprise exit of MTN CFO Nazir Patel this week amid undisclosed allegations emerging from internal investigations. MTN Nigeria CEO Brett Goschen replaced Patel, who resigned on Monday. Goschen also took on the role of... 

MTN CFO resigns

By: Idéle Esterhuizen     22nd July 2013 Telecommunications group MTN on Monday announced that its group CFO and executive FD Nazir Patel had resigned with immediate effect. The group stated that Patel had indicated that he did not wish his continued employment to prejudice the company in respect of certain allegations made against him.... 

Company Announcement: Quarterly update for the period ended 30 September 2012

25th October 2012 MTN delivered a satisfactory set of results for the quarter ended 30 September 2012, increasing subscriber numbers by 3.8% to 182,7 million 

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