May 21, 2024 Dear Shareholders: On behalf of the Board of Directors, I cordially invite you to attend the annual general meeting of shareholders for the.
The Telecommunication and Technology Sustainability Working Group (TTSWG) has come together to review its activities just as it seeks stronger collaboration
WSTC Securities analysts have raised MTN Nigeria Plc.âs profit expectation and a target price (TP) upgrade to N200 per share after a beautiful earnings outing in the first quarter (Q1) of 2021.
In Q1-2021, MTN Nigeria Plc. increased its 4G coverage to 62%. This resulted in increased earnings from its data business as Nigerians delve into over-the-top calls with Whatsapp, Skype, etc. The financial performance showed the Group reported a 17% year-on-year revenue growth from N329.17 billion in Q1-2020 to N385.32 billion.
Analysts said the topline growth was driven by strong sales from the telecommunication companyâs data business. Specifically, data revenue rose by 43% year on year from N74.01 billion in Q1-2020 to N105.70 billion in Q1-2021. Hence, the revenue growth from the data accounted for 56% of the Groupâs total revenue growth in Q1 2021.
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A busy period for pan-African operator MTN Group – and its ongoing plan to sell assets, pay down debt and invest in expansion – looks set to continue.
Bloomberg reports that MTN plans to separate its fibre and fintech units as part of its plans to unlock value.