• Grain pain

    Corn crops could break records this year, but for farmers the bounty has a dark side.

  • Node joins TV revolution

    The movie-on-demand business has a new contender, says Arthur Goldstuck.

  • SA market needs Nokia

    A user says the brand should stay as it has great offerings at reasonable prices.

Loading...
See More

MTN ups subsribers to 183m

Oct 25 2012 10:25 Reuters

File image (AFP)

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 256.33
Change 2.37
% Change 0.01
Cumulative volume 2557717
Market cap 473.79bn

Last Updated: 19/09/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

MTN confirms Turkcell suit on hold

No staff killed in Nigeria - MTN

Court hears graft claims against MTN

R12m fraud: Whistleblower, MTN in court

Growth in Iran, Ghana boosts MTN

MTN must reinstate workers

 

Johannesburg - Africa’s largest telecommunications company, MTN Group [JSE:MTN], on Thursday reported a near 4% increase in subscribers in the third quarter and lifted its guidance for new users this year.

MTN said it expected to add 23.7 million new customers this year, up from its previous expectation of 21.25 million.

Subscribers rose to 182.7 million across its 21 operations in Africa and the Middle East. Earnings in Iran would be affected by the local foreign exchange depreciation, it said on Thursday.

MTN added 5 500 new subscribers in Iran over the three months to September, followed by 4 000 in Nigeria.

Irancell is MTN's third-biggest operation but the company has be unable to repatriate its earnings because of US sanctions against the Middle Eastern country.

The company is also facing a $4.2bn US lawsuit filed by Turkish rival Turkcell pertaining to alleged malfeasance when acquiring the Irancell licence in 2005.

MTN shares are up 1.5% at R153.36 as of 08:23 GMT, and are up over 12% in the last six months.


mtn group
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...