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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)

Blue Label Telecoms Says Cell C, Mtn South Africa Concluded Term Sheet Regarding National Roaming Deal
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Blue Label Telecoms Ltd ::BLUE LABEL TELECOMS - CELL C AND MTN SOUTH AFRICA CONCLUDED A DETAILED TERM SHEET REGARDING A NATIONAL ROAMING AGREEMENT.BLUE LABEL TELECOMS - CELL C AND MTN SOUTH AFRICA ARE NOW NEGOTIATING A LONG FORM AGREEMENT.BLUE LABEL TELECOMS - AGREEMENT TO RESULT IN SUBSTANTIAL COST-SAVINGS FOR CELL C BY REDUCING NETWORK, CAPEX SPEND THROUGH EXTENSIVE ROAMING DEAL.  Full Article

MTN Group Says MTN Ghana Subscribers Up By 6.2% To 21.3 Mln
Monday, 5 Aug 2019 

Aug 5 (Reuters) - MTN Group Ltd ::JSE: MTN - SUMMARY OF MTN GHANA UNAUDITED RESULTS.MTN GROUP LTD HY MTN GHANA SUBSCRIBERS INCREASED BY 6.2% TO 21.3 MILLION (ACTIVE SUBSCRIBERS UP BY 6.1% TO 18.9 MILLION).MTN GROUP LTD - HY MTN GHANA DATA SUBSCRIBERS INCREASED BY 16.1% TO 18.2 MILLION.MTN GROUP LTD - EBITDA UP BY 50.3% TO GH¢ 1,202 MILLION (UP BY 23.8% TO GH¢ 990 MILLION UNDER IAS 17) FOR MTN GHANA.MTN GROUP LTD - INTERIM DIVIDEND FOR MTN GHANA OF GH¢0.02 PER SHARE..MTN GROUP - MTN GHANA'S SERVICE REVENUE FOR PERIOD TO JUNE 2019 IS UP BY 18.8% WHEN COMPARED TO PRIOR PERIOD.  Full Article

MTN Agreed To Sell All Of Interests In Investment Fund Amadeus
Tuesday, 28 May 2019 

May 28 (Reuters) - MTN Group Ltd ::MTN GROUP LTD - MTN HAS AGREED TO SELL ALL OF ITS INTERESTS IN INVESTMENT FUND AMADEUS.MTN GROUP LTD - ALSO AGREED TO SELL ASSOCIATED HOLDING IN TRAVELSTART TO HARBOURVEST FOR NET PROCEEDS OF APPROXIMATELY R1,2 BILLION.MTN GROUP LTD - MTN WILL MAINTAIN ITS COMMERCIAL RELATIONSHIP WITH TRAVELSTART GOING FORWARD.MTN GROUP LTD - TRANSACTION IS EXPECTED TO CLOSE WITHIN NEXT 3 MONTHS SUBJECT TO CUSTOMARY CLOSING CONDITIONS FOR A TRANSACTION OF THIS NATURE.  Full Article

MTN Group FY HEPS Up 85.2 Pct To 337 Cents Per Share
Thursday, 7 Mar 2019 

March 7 (Reuters) - MTN Group Ltd ::JSE: MTN - AUDITED SUMMARY GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018.MTN GROUP LTD - FY GROUP HEPS UP 85,2% TO 337 CENTS PER SHARE.MTN GROUP LTD - FY GROUP HEPS (AFTER ADJUSTMENTS) 565 CENTS PER SHARE.MTN GROUP LTD - FINAL DIVIDEND OF 325 CENTS PER SHARE.MTN GROUP LTD - PLAN TO REALISE AT LEAST R15,0 BILLION IN ASSET REALISATIONS OVER NEXT THREE YEARS EXCLUDING ANY PROCEEDS FROM IHS AS A RESULT OF REVIEW.MTN GROUP LTD - PROCEEDS FROM ASSET REALISATIONS WILL BE USED TO REDUCE HOLDING COMPANY DEBT.MTN GROUP LTD - MTN'S 53% SHAREHOLDING IN MASCOM WIRELESS BOTSWANA LIMITED HAS BEEN IDENTIFIED AS NON-CORE IN LIGHT OF LACK OF CONTROL POSITION.MTN GROUP LTD - HAS ACCEPTED AN OFFER FROM ECONET WIRELESS TO ACQUIRE MASCOM.MTN GROUP LTD - FOR MASCOM, PURCHASE CONSIDERATION FOR MTN'S SHAREHOLDING IS US$300 MILLION REPRESENTING AN EBITDA MULTIPLE OF APPROXIMATELY 6.1 TIMES.MTN GROUP LTD - REVISED MEDIUM-TERM GUIDANCE ON SERVICE REVENUE GROWTH FROM UPPER-SINGLE-DIGIT IN CONSTANT CURRENCY TERMS TO DOUBLE DIGIT GROWTH.MTN GROUP LTD - EXPECT GROUP CAPEX INTENSITY TO STEADILY IMPROVE OVER MEDIUM-TERM FOLLOWING INTRODUCTION OF IFRS 16 EFFECTIVE FROM 2019.MTN GROUP LTD - EXPECT OUR ADJUSTED ROE TO IMPROVE FROM 11,5% IN 2018, TO ABOVE 20% OVER MEDIUM TERM.MTN - BOARD REMAINS COMMITTED TO TARGETING GROWTH OF 10% TO 20% IN DIVIDEND, FOR 2019 THIS IS LIKELY TO BE TOWARDS LOWER END OF THIS RANGE.  Full Article

MTN Ghana FY EBITDA Up 16,5 Pct
Friday, 1 Mar 2019 

March 1 (Reuters) - MTN Group Ltd ::JSE: MTN - SUMMARY OF MTN GHANA CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018.MTN GROUP LTD - MTN GHANA SUBSCRIBERS WERE 20,1 MILLION VERSUS 17,8 MILLION IN FY.MTN GROUP - MTN GHANA FY EBITDA UP BY 16,5% TO GHANAIAN CEDI 1 588 MILLION.  Full Article

MTN Sees FY HEPS Up At Least 20 Pct Or 36.4 Cents
Monday, 4 Feb 2019 

Feb 4 (Reuters) - MTN Group Ltd ::JSE: MTN - TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018.MTN GROUP LTD - EXPECTS TO REPORT AN IMPROVEMENT OF AT LEAST 20% OR 36.4 CENTS IN HEPS FOR 12-MONTH PERIOD ENDED 31 DECEMBER.  Full Article

Damascus Securities Exchange Gives Final Approval To List MTN Syria Shares
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - DAMASCUS SECURITIES EXCHANGE::GIVES FINAL APPROVAL TO LIST MTN SYRIA SHARES.TRADING ON MTN SYRIA WILL COMMENCE ON FEB 19 WITH INITIAL PRICE OF 100 POUNDS PER SHARE.  Full Article

MTN Group Says Co Concludes Resolution Agreement With CBN
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - MTN Group Ltd ::CONCLUSION OF RESOLUTION AGREEMENT WITH THE CENTRAL BANK OF NIGERIA & WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.CBN ON REVIEW OF ADDITIONAL DOCUMENTATION CONCLUDED CO NO LONGER NEEDED TO REVERSE HISTORICAL DIVIDEND PAYMENTS MADE TO CO'S SHAREHOLDERS.CBN MAINTAINS PROCEEDS FROM PREFERENCE SHARES IN CO'S PRIVATE PLACEMENT REMITTANCES OF 2008 OF CIRCA $1 BILLION WERE IRREGULAR.CBN INSTRUCTED CO TO IMPLEMENT NOTIONAL REVERSAL OF 2008 PRIVATE PLACEMENT OF SHARES IN CO AT COST OF CIRCA N19.2 BILLION - EQUIVALENT TO $52.6M.CO & CBN AGREED THAT THEY WILL RESOLVE MATTER ON BASIS THAT CO WILL PAY NOTIONAL REVERSAL AMOUNT WITHOUT ADMISSION OF LIABILITY.CBN TO REGULARISE ALL CCIS ISSUED ON INVESTMENT BY CO'S SHAREHOLDERS OF CIRCA $402.6M WITHOUT REGARD TO HISTORICAL DISPUTES RELATING TO THOSE CCIS.LEGAL PROCESS BY CO FOR INJUNCTIVE RELIEF RESTRAINING AGF FROM TAKING FURTHER ACTION IN RESPECT OF ITS ORDERS FOR BACK TAXES CONTINUING.  Full Article

MTN Says PIC Now Owns 23.6 Pct Of Co
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - MTN Group Ltd ::JSE: MTN - DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES IN MTN GROUP.MTN GROUP LTD - BENEFICIAL INTERESTS HELD BY PIC IS NOW 23.6% OF ISSUED ORDINARY SHARE CAPITAL OF MTN GROUP.MTN GROUP LTD - PUBLIC INVESTMENT CORPORATION SOC ACQUIRED A BENEFICIAL INTEREST IN SECURITIES OF MTN GROUP.  Full Article

MTN Group's Subscribers Increased Sequentially By 2,5 Million
Monday, 29 Oct 2018 

Oct 29 (Reuters) - MTN Group Ltd ::JSE: MTN - QUARTERLY UPDATE FOR THE PERIOD ENDED 30 SEPTEMBER 2018 AND RENEWAL OF CAUTIONARY ANNOUNCEMENT.QTRLY GROUP SUBSCRIBERS INCREASED QUARTER-ON-QUARTER (QOQ) BY 2,5 MILLION TO 225,4 MILLION.QTRLY ACTIVE DATA SUBSCRIBERS INCREASED QOQ BY 5,0 MILLION* TO 74,2 MILLION.QTRLY GROUP SERVICE REVENUE INCREASED YEAR-ON-YEAR (YOY) BY 10,0%.QTRLY GROUP DATA REVENUE INCREASED YOY BY 23,9%.QTRLY MTN NIGERIA SERVICE REVENUE INCREASED YOY BY 17,4% WITH AN EBITDA MARGIN OF 43,2%.QTRLY MTN SOUTH AFRICA SERVICE REVENUE INCREASED YOY BY 3,0% WITH AN EBITDA MARGIN OF 34,5%.ADDED 5,0 MILLION ACTIVE DATA SUBSCRIBERS AND 1,7 MILLION NEW MOMO SUBSCRIBERS IN QUARTER.MTN - DESPITE STRONG SERVICE REVENUE GROWTH, MTN IRANCELL HAD A TOUGH QUARTER DUE TO IMPACT ON COSTS OF SHARP DEVALUATION OF RIAL.MTN GROUP - MTN NIGERIA'S PLANS TO LIST CHALLENGED BY RECENT CENTRAL BANK OF NIGERIA & ATTORNEY GENERAL OF FEDERAL REPUBLIC OF NIGERIA MATTERS.MTN NIGERIA CONTINUES TO DENY CENTRAL BANK OF NIGERIA'S ALLEGATIONS AND CLAIMS.MTN GROUP - IN QUARTER , GROUP ENGAGED EXTENSIVELY WITH AUTHORITIES IN NIGERIA TO DEAL WITH MATTERS THEY RAISED WITH REGARD TO MTN NIGERIA'S LISTING PLANS.IN CONSULTATION WITH ICASA ON IMPLEMENTATION OF NEW DATA PRICING REGULATIONS IN SOUTH AFRICA.WELCOME COMMITMENT BY ICASA TO LICENSE HIGH-DEMAND RADIO FREQUENCY SPECTRUM BY END OF MARCH 2019.  Full Article

MTN Group says Zambia, Cote d’Ivoire CEOs stepping down

JOHANNESBURG, Sept 10 MTN Group Ltd said on Tuesday the chief executive officers of its Zambian and Cote d’Ivoire units would step down at the end of the month.