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United Kingdom

MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

8,594.00ZAc
12 Dec 2018
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232.00 (+2.77%)
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Latest Key Developments (Source: Significant Developments)

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 Ghana's Qtrly Service Revenue Rises 22.9 Pct
Friday, 19 Oct 2018 

Oct 19 (Reuters) - MTN Group Ltd ::MTN GHANA UNAUDITED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018.DURING QUARTER, MTN GHANA HAD SERVICE REVENUE GROWTH OF 22.9 PCT.QTRLY MTN GHANA DATA REVENUE INCREASED BY 30.9 PCT YOY WHILE DIGITAL REVENUE EXPANDED BY MORE THAN 28 PCT.MTN GHANA SUBSCRIBERS WERE 19.4 MILLION IN QUARTER.MTN GHANA DATA SUBSCRIBERS WERE 14.3 MILLION IN QUARTER.MTN GHANA MOBILE MONEY SUBSCRIBERS WERE 9.4 MILLION IN QUARTER.GROSS INTERIM DIVIDEND OF GHS0.02 PER SHARE FOR PERIOD TO 30 SEPTEMBER 2018 HAS BEEN DECLARED FOR MTN GHANA.MTN GHANA NINE-MONTH REVENUE GHS3.05 BILLION VERSUS GHS2.49 BILLION.MTN GHANA NINE-MONTH BASIC EARNINGS PER SHARE GHS 0.0551.  Full Article

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

UPDATE 2-Nigerian court adjourns MTN, central bank case until Jan. 22

LAGOS, Dec 12 A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22.