MTN Group Ltd

MTN Group Ltd. engages in the provision of voice, data, fintech, digital, enterprise, wholesale, and application programming interface services. It operates under the following geographical segments: MTN South Africa; MTN Nigeria; Southern and East Africa; West and Central Africa; and Middle East and North Africa. The company was founded on November 23,1994 and is headquartered in Fairland, South Africa.

MTN confirmed its medium-term targets despite a sharp drop in 2023 earnings and warning that elevated volatility increased headwinds and added material uncertainty to its outlook.

MTN Backs Midterm Views Despite Uncertain Outlook

(Reuters) -MTN Group Ltd plans to proceed with a public offer to sell up to 575 million shares in its Nigeria business, South Africa's biggest telecoms operator said on Thursday as it reported higher third-quarter revenue and core profit.

MTN to sell shares in Nigeria unit via public offer

MTN Group outlined some promising new medium-term initiatives at its recent Capital Markets Day event. With the Group on track for 20+% ROEs along with upside from Nigeria, fintech, and potential asset disposals, I see plenty of earnings growth ahead.

MTN Group: Capital Markets Day Event Reinforces Medium-Term Upside

Mobile operator MTN Group, headquartered in Johannesburg, Africa, reported first-quarter 2021 results that moved past medium-term guidance, driven in part by an uptick in data and FinTech revenue. MTN Group delivers voice, data, mobile financial services and digital products across 21 countries in Africa and the Middle East.

South Africa's MTN Group First-Quarter Revenue Up 18 Pct

MTN Group has credible drivers to build shareholder value, including ongoing growth in high-margin data and mobile money services, as well as an ongoing asset rationalization program. Regulatory and macroeconomic challenges have long been a problem, and that remains the case: Repatriating cash from Nigeria remains difficult and Ghana has imposed competition-boosting measures that hurt profitability.

MTN Group Still Offers Huge Potential - But That's Never Been The Issue

MTN Group Still Facing Profitability With No Prosperity

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