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Tag: mtn
MTN mulls entry into India
2013-07-10 02:00:00| Total Telecom industry news
South African group's talks with Reliance Communications reportedly on hold, but a tie-up is not out of the question.
MTN Group targets 200m subscribers by mid-year
2013-05-28 02:00:00| Total Telecom industry news
South African telco reports 4% increase in customers in first four months of year.
Tags: group
targets
subscribers
200m
MTN grows subscriber base 3.2% to 195.4 mln in Q1
2013-04-25 10:15:00| Telecompaper Headlines
(Telecompaper) MTN Group increased its subscriber numbers by 3.2 percent over the first quarter to 195.4 million. Growth was led by Nigeria, where it added a net 3.9 million new customers in the three months, helping offset a net loss of 470,000 customers in its home market South Africa. Customer numbers were also up in Ghana (290,000), Cameroon (192,000), Ivory Coast (354,000), Uganda (248,000) and Syria (364,000). MTN maintained its guidance for net additions over the full year of 21 million.
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q1
MTN Ghana to spend $105m on fibre, mobile networks
2013-03-11 01:00:00| Total Telecom industry news
Ghanaian mobile operator details problems it faces, including power outages, fibre cable cuts and widespread fears over impact of mobile masts on health.
Tags: mobile
networks
spend
ghana
MTN grows FY revenue 10.9% to ZAR 135 bln
2013-03-06 08:57:00| Telecompaper Headlines
(Telecompaper) MTN Group reported revenue for 2012 up 10.9 percent to ZAR 135.1 billion, buoyed by solid organic growth in its home market South Africa (+7.1%). Although its largest market Nigeria had a difficult year (-0.8%), a number of operations continued to outperform, with strong organic revenue growth in Iran (+26.1%), Ghana (+21.3%), Uganda (+16.2%), Sudan (+28.3%) and Ivory Coast (+17.0%). Group subscribers increased 15.1 percent to 189.3 million at year-end. MTN's EBITDA rose 7.0 percent to ZAR 58.6 billion, helped by one-time profits on tower sales. Group depreciation increased by 11.8 percent and amortisation rose 10.3 percent after increased investment, limiting the rise in EPS to 0.6 percent at ZAR 11.26. HEPS rose 1.9 percent to ZAR 10.89, with growth held back by negative forex effects. MTN increased capex by 69.9 percent last year to ZAR 30.10 billion, which includes some equipment pre-ordered for roll-out this year. The company increased its annual dividend 10 percent to ZAR 5.03 per share and said it aims for a 5-15 percent increase in annual dividends in the coming three-year period. MTN said it expects continued organic growth in both revenue and EBITDA in 2013 and anticipates reaching 200 million subscribers by mid-year. Net subscriber additions for the full year are estimated at 21.0 million. The Nigerian operations are expected to recover in the course of this year, and this together with a lower tax rate and the benefits of network investment in 2012 should support growth in reported earnings.
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