MTN stories
written from corroborating sources- UAE Tycoon Al Ashram, MTN Agree to Build Africa AI Data Centers
MTN Group Ltd., Africa’s largest mobile-phone operator, and Dubai-based tycoon Tarek Al Ashram will develop data centers to power artificial intelligence on the continent.
Deals·1 article / 1 outlet·32d ago - MTN to Buy Back $375 Million of Shares as It Reaffirms Guidance
MTN Group Ltd. said it will buy back 6 billion rand ($375 million) of shares and reaffirmed its guidance on revenue growth and capital metrics for the next three to five years. This announcement comes despite a decline in earnings primarily due to writedowns at its Iranian joint venture.
Macro·1 article / 1 outlet·35d ago - MTN Surges on $375 Million Share Buyback Plan Amid Iran Joint Venture Writedowns
MTN Group Ltd. surged the most since March after Africa’s biggest mobile-network operator said it will buy back 6 billion rand ($375 million) of shares and reaffirmed its three- to five-year revenue and capital guidance, even as writedowns at its Iranian joint venture weighed on earnings.
Deals·1 article / 1 outlet·35d ago - MTN Sees First-Half Profit Jump 23% on Nigeria, Ghana Mobile Gains
MTN Group Ltd. said adjusted first-half earnings climbed as much as 23% after improved results from the Nigerian, Ghanaian and Ugandan operations of Africa’s biggest mobile-network operator.
Earnings·1 article / 1 outlet·47d ago - MTN Profit Falls Due to Writedown of Iran Investment
MTN Group Ltd. fell to a four-month low after Africa’s biggest mobile-network operator said an impairment of its investment in Iran curbed first-half profit.
Earnings·1 article / 1 outlet·47d ago
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