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MTN Group Ltd (MTNJ.J)

MTNJ.J on Johannesburg Stock Exchange

8,440.00ZAc
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

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 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

UPDATE 2-South African's ex-ambassador to Iran arrested in MTN investigation

JOHANNESBURG, Feb 15 Pretoria's former ambassador to Iran has been arrested in South Africa on charges he took a bribe to help telecoms company MTN win a $31.6 billion licence to operate in Iran.