Sunday, 21 October 2018

MTN swings to 1H loss on Nigeria fine

By Nick Wood, Total Telecom
Friday 05 August 16

South Africa-based telco group undertakes 'deep and fundamental' strategic review.

MTN on Friday said it has launched an in-depth strategic review, after swinging to a net loss during the first half of 2016 following the hefty fine incurred in Nigeria. The South Africa-based telco group reported a loss of 5.49 billion rand (€359.21 million) for the six months to 30 June, compared to a year earlier profit of ZAR11.9 billion in the corresponding period a year earlier. &quot…

MTN on Friday said it has launched an in-depth strategic review, after swinging to a net loss during the first half of 2016 following the hefty fine incurred in Nigeria. The South Africa-based telco group reported a loss of 5.49 billion rand (€359.21 million) for the six months to 30 June, compared to a year earlier profit of ZAR11.9 billion in the corresponding period a year earlier. &quot…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry