MTN first-quarter service revenue rises

Firm credits the boost to improved fintech revenue and a continued expansion in voice and data across the continent.
Nigeria's attorney general withdrawals $2 billion tax litigation against MTN

South African telecommunication company, MTN Group has reported higher revenue for the first quarter. The firm credits the boost to improved fintech revenue and a continued expansion in voice and data across the continent.

The company reaffirms its commitment to achieving medium-term targets. The revenue hike came from its businesses in South Africa, Nigeria and Ghana, which had a 10 per cent spike in earnings.

This information comes on the heels of its planned Initial Public Offer (IPO) in Nigeria. This would further convince many investors of the viability of its shares when its starts trading on the Nigeria Stock Exchange (NSE).

Your Friends Also Read:  Report Predicts Africa’s Internet economy could be worth $180 bn by 2025

The company, which said it remained committed to achieving medium-term targets, says group service revenue rose 10 per cent led by performance in South Africa, Nigeria and Ghana.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article
Angola president sacks Sonangol head

Angolan president dismisses state energy firm’s Chair

Next Article
SEC approves MTN Nigeria’s NSE listing

SEC approves MTN Nigeria’s NSE listing

Related Posts