Previous Close | 6.16 |
Open | 6.49 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 6.34 - 6.49 |
52 Week Range | 5.66 - 10.38 |
Volume | |
Avg. Volume | 38,555 |
Market Cap | 11.477B |
Beta (5Y Monthly) | 0.77 |
PE Ratio (TTM) | 11.55 |
EPS (TTM) | 0.55 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.18 (2.92%) |
Ex-Dividend Date | Apr 05, 2023 |
1y Target Est | N/A |
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MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company's bill for back taxes earlier this month after the incident sparked a diplomatic reaction by the South African foreign minister. The tax claim was initially issued after the revenue authority audited the company for the years 2014 to 2018 and inferred that it under declared its revenue by about 30% during the period.
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MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a subsea network to connect African countries to Europe and the Middle East. Africa's big economies have a fast growing population of internet users, with growth fuelled by rapidly expanding mobile broadband networks and affordable smartphones. But the continent still lags behind the rest of the world in internet connectivity.
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South Africa’s mobile network operator MTN Group wants to tap into its wide network of 34.5 million subscribers in Africa to lead the way in popularizing the metaverse in the continent. Present in 17 countries in Africa, the company has announced a new metaverse platform -altMTN - and a virtual music concert in November to help unlock the potential of immersive experiences.
JOHANNESBURG (Reuters) -South African mobile operator MTN Group said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East. Without disclosing the buyer, Group Chief Executive Officer Ralph Mupita told journalists on a news call the gross sum of $35 million would be paid over a period of time, and proceeds would be $31 million. He added the completion of the deal would conclude MTN's exit from Middle Eastern markets, after selling MTN Yemen and abandoning MTN Syria last year.