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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTN   ZAE000042164

MTN GROUP LIMITED

(MTN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/19
63.49 ZAR   -0.50%
2020S.African regulator to challenge Telkom's court application to halt spectrum auction
RE
2020MTN : Rwanda to List Shares On Stock Exchange
AQ
2020MTN : Rwanda to List On Stock Exchange
AQ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

MTN Group, MTN Nigeria, IHS Amend Service Agreement

07/23/2020 | 10:24am EST

By Adriano Marchese

 

MTN Group Ltd. said Thursday that it has amended a service agreement with IHS Holding Ltd. in Nigeria.

The South Africa-based telecommunications company said the agreement is between MTN Nigeria Communications PLC and Global Independent Connect Ltd., INT Towers Ltd., IHS (Nigeria) Ltd. and IHS Towers NG Ltd., the affiliates of IHS Holding Ltd.

Together, they have reached an agreement to expand the scope of their current service agreement, and amend the currency conversion provision for tower services, it said.

The companies have agreed to move the reference rates for conversions to Naira from the Central Bank of Nigeria's official rate to the Nigerian Autonomous Foreign Exchange Rate.

It noted that the change in the reference rate will reduce its earnings before interest, taxes, depreciation and amortization margin in 2020 by around 0.4 percentage points.

However, this will be offset over time by improved pricing and increased focus on rural connectivity, it said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.19% 542.09 Delayed Quote.1.18%
DOW JONES SOUTH AFRICA(ZAR) 0.28% 1879.64 Delayed Quote.6.28%
MTN GROUP LIMITED -0.50% 63.49 End-of-day quote.5.48%
MTN NIGERIA COMMUNICATIONS PLC 0.06% 170.1 End-of-day quote.0.12%
S&P AFRICA 40 INDEX 0.72% 176.96 Delayed Quote.0.47%
All news about MTN GROUP LIMITED
2020S.African regulator to challenge Telkom's court application to halt spectrum ..
RE
2020MTN : Rwanda to List Shares On Stock Exchange
AQ
2020MTN : Rwanda to List On Stock Exchange
AQ
2020Nigeria orders companies to stop selling, registering SIM cards - statement
RE
2020DIALOG AXIATA : Families suing South Africa's MTN for allegedly aiding militants..
RE
2020MTN Appoints Tsholofelo Molefe as CFO Following Strategic Review
DJ
2020MTN : furthers financial inclusion
AQ
2020MTN : Globalconnect Wins Award
AQ
2020Ethiopia to auction telecoms licenses in December, says Tigray conflict won't..
RE
2020South African retailer Pick n Pay launches mobile phone service
RE
More news
Financials
Sales 2020 174 B 11 643 M 11 643 M
Net income 2020 15 365 M 1 031 M 1 031 M
Net Debt 2020 109 B 7 312 M 7 312 M
P/E ratio 2020 8,00x
Yield 2020 5,28%
Capitalization 118 B 7 898 M 7 888 M
EV / Sales 2020 1,31x
EV / Sales 2021 1,25x
Nbr of Employees -
Free-Float 65,1%
Chart MTN GROUP LIMITED
Duration : Period :
MTN Group Limited Technical Analysis Chart | MTN | ZAE000042164 | MarketScreener
Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 83,18 ZAR
Last Close Price 63,49 ZAR
Spread / Highest target 49,6%
Spread / Average Target 31,0%
Spread / Lowest Target -7,07%
EPS Revisions
Managers and Directors
NameTitle
Ralph Tendai Mupita Group President, CEO & Executive Director
Mcebisi Hubert Jonas Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Sugentharan Perumal Chief Financial Officer
Charles Molapisi Chief Information & Technology Officer
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