Edition:
United Kingdom

MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

8,328.00ZAc
15 Oct 2018
Change (% chg)

-177.00 (-2.08%)
Prev Close
8,505.00
Open
8,499.00
Day's High
8,630.00
Day's Low
8,259.00
Volume
4,518,028
Avg. Vol
8,404,060
52-wk High
14,000.00
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6,907.00

Latest Key Developments (Source: Significant Developments)

MTN Applies For Injunctive Relief Against Central Bank Of Nigeria, Attorney General
Monday, 10 Sep 2018 

Sept 10 (Reuters) - MTN Group Ltd ::JSE: MTN - FURTHER ANNOUNCEMENT REGARDING CENTRAL BANK OF NIGERIA AND THE ATTORNEY GENERAL OF THE FEDERAL REPUBLIC OF NIGERIA.MTN - APPLIED IN FEDERAL HIGH COURT OF NIGERIA FOR INJUNCTIVE RELIEF RESTRAINING CBN, AGF FROM TAKING FURTHER ACTION IN RESPECT OF THEIR ORDERS.MTN GROUP LTD - "REMAIN RESOLUTE THAT MTN NIGERIA HAS NOT COMMITTED ANY OFFENCES AND WILL CONTINUE TO VIGOROUSLY DEFEND ITS POSITION".  Full Article

MTN Believes It Fully Settled All Tax Amounts Owed After Nigeria Cen. Bank Demand
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - MTN Group Ltd ::MTN - ANNOUNCEMENT REGARDING CENTRAL BANK OF NIGERIA AND NIGERIA AG LETTER AND RENEWAL OF CAUTIONARY ANNOUNCEMENT.MTN GROUP LTD - BASED ON DETAILED REVIEW PERFORMED, MTN NIGERIA BELIEVES IT HAS FULLY SETTLED ALL AMOUNTS OWING UNDER TAXES IN QUESTION.MTN GROUP LTD - IN AUGUST 2018 MTN SUBMITTED COMPREHENSIVE DOCUMENTATION TO OFFICE OF AG.MTN GROUP - SHAREHOLDERS ARE ADVISED TO CONTINUE TO EXERCISE CAUTION WHEN DEALING IN COMPANY'S SECURITIES UNTIL A FURTHER ANNOUNCEMENT IS MADE.MTN - MTN NIGERIA COMPLETED INITIAL ASSESSMENT OF FULL PERIOD INDICATING PAYMENTS MADE TO TAX AUTHORITIES FOR FOREIGN IMPORTS & PAYMENTS ARE $700 MILLION.  Full Article

MTN Group Concludes Sale Transaction Of 100 Pct Of MTN Cyprus to Monaco Telecom
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - MTN Group Ltd ::MTN CONCLUDES THE SALE TRANSACTION OF 100% OF MTN CYPRUS TO MONACO TELECOM.MONACO TELECOM TRANSACTION IS NOW CONCLUDED FOR PROCEEDS OF R4.5BN (EUR 262M), PAID UPFRONT IN CASH.  Full Article

MTN Ghana Completes IPO
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - MTN Group Ltd ::JSE: MTN - MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO).  Full Article

Nigeria orders MTN to return $8.1 bln sent abroad
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - MTN Group Ltd ::SAYS NIGERIA CENTRAL BANK DEMANDS $8.1 BILLION OF HISTORIC DIVIDENDS BE REFUNDED.MTN NIGERIA STRONGLY REFUTES THESE ALLEGATIONS AND CLAIMS.MTN SAYS: NO DIVIDENDS HAVE BEEN DECLARED OR PAID BY MTN NIGERIA OTHER THAN PURSUANT TO CERTIFICATES OF CAPITAL IMPORTATION ISSUED BY OUR BANKERS AND WITH THE APPROVAL OF THE CBN AS REQUIRED BY LAW.MTN SAYS: THE RE-EMERGENCE OF THESE ISSUES IS REGRETTABLE AS IT DAMAGES INVESTOR CONFIDENCE.MTN SAYS: WE WILL ENGAGE WITH THE RELEVANT AUTHORITIES AND VIGOROUSLY DEFEND OUR POSITION ON THIS MATTER.  Full Article

MTN Nigeria Gets Letter From Central Bank On Shareholder Loan Issuance
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - MTN Group Ltd ::MTN NIGERIA RECEIVED LETTER FROM CBN ALLEGING CCI'S ISSUED ON SHAREHOLDER LOANS CONVERSION TO PREFERENCE SHARES IN 2007 WERE IMPROPERLY ISSUED.CLAIM THAT HISTORIC DIVIDENDS REPATRIATED BY MTN NIGERIA BETWEEN 2007 AND 2015 AMOUNTING TO $8,1 BILLION NEED TO BE REFUNDED TO CBN.MTN NIGERIA STRONGLY REFUTES THESE ALLEGATIONS AND CLAIMS.NO DIVIDENDS DECLARED OR PAID BY MTN NIGERIA OTHER THAN PURSUANT TO CCI'S ISSUED BY BANKERS AND WITH APPROVAL OF CBN AS REQUIRED BY LAW."WILL ENGAGE WITH RELEVANT AUTHORITIES AND VIGOROUSLY DEFEND POSITION ON THIS MATTER".  Full Article

MTN Is Said To Mull Sale Of Shares In $1 Bln-Rated Jumia- Bloomberg
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - :MTN IS SAID TO MULL SALE OF SHARES IN $1 BILLION-RATED JUMIA- BLOOMBERG, CITING SOURCES.  Full Article

Mtn Group Sees 2018 Capex Guidance Of 25.51 Bln Rand
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - MTN Group Ltd ::HY BASIC HEPS OF 215 CENTS.INTERIM DIVIDEND OF 175 CENTS PER SHARE DECLARED.IN NEXT FEW YEARS EXPECT TO WIDEN GROUP EBITDA MARGIN.HY SERVICE REVENUE UP 10,2PCT.EXPECT GROUP CAPEX INTENSITY TO MODERATE OVER MEDIUM TERM TO WITHIN A TARGET RANGE OF 20PCT TO 15PCT.SUBSCRIBERS AT 223,4 MILLION, ACTIVE DATA USERS AT 71,2 MILLION AT HY-END."IMPROVING GROUP MARGINS AND DECLINING CAPEX INTENSITY ARE EXPECTED TO SUPPORT IMPROVED CASH FLOW GENERATION FOR GROUP".MTN GROUP EXPECTS THAT ANY REDUCTION IN ITS OWNERSHIP OF MTN NIGERIA WILL BE LIMITED.MTN NIGERIA EXPECTS TO LIST ON NIGERIAN STOCK EXCHANGE BEFORE END OF 2018.HY DATA REVENUE UP 26,7 PERCENT.COMMITTED TO PLANS TO DECLARE A TOTAL DIVIDEND OF 500 CENTS PER SHARE FOR 2018 AND IS TARGETING GROWTH OF 10PCT TO 20PCT OVER MEDIUM TERM.SEES 2018 TOTAL CAPEX GUIDANCE OF 25,510 MILLION RAND.HY REVENUE 505.67 BILLION RAND VERSUS 432.28 BILLION RAND.HY DIGITAL REVENUE INCREASED BY 17,9PCT.  Full Article

South Africa's MTN Sells MTN Cyprus To Monaco Telecom For 4,1 Bln Rand
Monday, 16 Jul 2018 

July 16 (Reuters) - MTN Group Ltd ::MTN GROUP LTD - MTN SELLS 100% OF MTN CYPRUS TO MONACO TELECOM FOR APPROXIMATELY R4,1BN.MTN GROUP LTD - NET SALE PROCEEDS OF EUR 260 MILLION (APPROXIMATELY R4,1 BILLION) WILL BE PAID UPFRONT IN CASH.MTN GROUP LTD - MTN HAS AGREED TO ALLOW MONACO TELECOM TO USE MTN BRAND IN CYPRUS FOR UP TO THREE YEARS IN RETURN FOR A COMMERCIAL FEE.MTN GROUP LTD - TRANSACTION VALUES MTN CYPRUS AT APPROXIMATELY 8X REPORTED 2017 EBITDA.MTN GROUP LTD - EXPECTS TRANSACTION, WHICH IS NOT SUBJECT TO ANY COMPLETION CONDITIONS, TO CLOSE WITHIN Q3 OF 2018.  Full Article

Mtn Group Says Mtn Ghana Commenced Offer For Shares In Ghana
Tuesday, 29 May 2018 

May 29 (Reuters) - MTN Group Ltd ::MTN GHANA HAS COMMENCED OFFER FOR SHARES IN GHANA.OFFER IS EXPECTED TO BE OPEN FOR NINE WEEKS AND CLOSE ON 31 JULY 2018.SECURITIES AND EXCHANGE COMMISSION (SEC) AND GSE HAVE APPROVED IPO AND LISTING RESPECTIVELY.  Full Article

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Nigeria's central bank head to meet MTN and banks over $8.1 billion repatriation row -sources

LAGOS Nigeria's central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said.