MTNOY - MTN Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
2.4940
-0.0960 (-3.71%)
At close: 3:27PM EDT
Stock chart is not supported by your current browser
Previous Close2.5900
Open2.5310
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.4100 - 2.6000
52 Week Range1.5700 - 8.0600
Volume22,705
Avg. Volume59,582
Market Cap4.727B
Beta (5Y Monthly)0.50
PE Ratio (TTM)18.47
EPS (TTM)0.1350
Earnings DateN/A
Forward Dividend & Yield0.43 (16.56%)
Ex-Dividend DateApr 01, 2020
1y Target EstN/A
  • Moody's

    Growthpoint Properties Limited -- Moody's takes rating actions on South African corporates following sovereign downgrade

    Rating Action: Moody's takes rating actions on South African corporates following sovereign downgrade. Global Credit Research- 04 Apr 2020. DIFC- Dubai, April 04, 2020-- Moody's Investors Service, has ...

  • Ericsson Augments Network Managed Services With MTN Group
    Zacks

    Ericsson Augments Network Managed Services With MTN Group

    Ericsson (ERIC) collaborates with MTN Group to deploy fully integrated network managed services and boost network digitalization efforts in Benin.

  • Moody's

    Helios Towers, Ltd -- Moody's assigns B2 rating to Helios Towers Plc

    Moody's Investors Service, ("Moody's") has assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating to Helios Towers plc (HT), the new holding company of the group and has withdrawn the B2 CFR and B2-PD probability of default ratings assigned to Helios Towers, Ltd. At the same time, Moody's has affirmed the B2 rating assigned to the $600 million senior guaranteed notes due 2022 issued by HTA Group, Ltd. (HTA). The rating outlook is stable.

  • South Africa's MTN flags 2019 profit jump of up to 50%
    Reuters

    South Africa's MTN flags 2019 profit jump of up to 50%

    South Africa's MTN Group expects full-year headline earnings to rise as much as 50%, it said on Tuesday, still a slowdown from the previous year due to one-off items including interest on regulatory fines in Nigeria. Founded with the South African government's help after the end of apartheid in 1994, MTN has been touted as one of South Africa's biggest corporate success stories, but clashes with regulators have distracted management and crimped growth. Oil-rich Nigeria accounts for nearly a third of MTN's core profit, but it has posed a raft of problems for the firm in recent years.

  • MTN Uganda says forcing foreign telcos to list locally may not boost Ugandan ownership
    Reuters

    MTN Uganda says forcing foreign telcos to list locally may not boost Ugandan ownership

    A Ugandan government move to require foreign-owned telecom firms to list on the local bourse may fail to achieve its goal of boosting Ugandan ownership in the sector, MTN Uganda's chief executive told Reuters on Thursday. A local unit of South Africa's MTN Group, MTN Uganda is the east African country's largest telecommunications firm, boasting some 13 million voice subscribers. Instead of the listing requirement, the government should allow foreign firms to sell stakes to vetted local investors via private placements, Wim Vanhelleputte said in an interview.

  • Moody's

    MTN (Mauritius) Investments Limited -- Moody's announces completion of a periodic review of ratings of MTN Group Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MTN Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    UPDATE 1-South Africa regulator tells Vodacom, MTN to lower data prices

    South Africa's Vodacom Group and MTN Group could face prosecution if they do not agree with the Competition Commission in the next two months to lower data prices, the watchdog said in findings from an inquiry published on Monday. The data services inquiry was launched in August 2017 in response to a request from the minister of economic Development and after complaints from consumers about high data costs. In its final report, the Commission recommended that the two mobile operators must independently reach agreement with the competition watchdog on substantial reductions on tariff levels, especially prepaid monthly bundles, within two months of the release of the report.

  • Reuters

    South Africa's Vodacom and MTN told to lower data prices

    South Africa's Vodacom Group and MTN Group could face prosecution if they do not agree with the Competition Commission in the next two months to lower data prices, the watchdog said in findings from an inquiry published on Monday. The data services inquiry was launched in August 2017 in response to a request from the minister of economic Development and after complaints from consumers about high data costs. In its final report, the Commission recommended that the two mobile operators must independently reach agreement with the competition watchdog on substantial reductions on tariff levels, especially prepaid monthly bundles, within two months of the release of the report.

  • MTN deal with Cell C knocks shares in South Africa's Telkom
    Reuters

    MTN deal with Cell C knocks shares in South Africa's Telkom

    South Africa's MTN Group has signed an expanded roaming agreement with the country's third-biggest carrier Cell C, pushing shares in its owner up while dragging those of rival Telkom down. The deal puts a dampener on Telkom's proposed takeover of Cell C, which is majority owned by Blue Label Telecoms and is struggling under the weight of hefty debts. Blue Label, its owner, has written its holding in the carrier down to zero.

  • Reuters

    Nigeria's Buhari to visit South Africa after attacks

    Nigeria's President Muhammadu Buhari will visit South Africa next month to reinforce the bonds between the two countries after a wave of deadly riots and xenophobic attacks, the South African presidency said on Saturday. South Africa's MTN Group and supermarket chain Shoprite have closed all stores and service centres in Nigeria after their premises were attacked. South African President Cyril Ramaphosa said on Thursday at least 10 people had been killed, two of them foreign nationals, in violence that began in Pretoria and spread to nearby Johannesburg.

  • Reuters

    UPDATE 6-South Africa tries to contain "Afrophobia" fallout as riots upstage summit

    South Africa promised on Thursday to tackle the prejudice fuelling a wave of deadly riots and xenophobic attacks, as international anger over the violence overshadowed a pan-African economic conference in Cape Town. President Cyril Ramaphosa said at least ten people had been killed during the past week, of whom two were foreigners. "Our country has been deeply traumatised ...by acts of violence and criminality," he said in a televised address.

  • Reuters

    Nigerian vice president to boycott financial summit in South Africa -foreign minister

    Nigeria's Vice President Yemi Osinbajo will boycott the World Economic Forum's Africa summit in South Africa over riots in the host country that have targeted foreign-owned businesses, Nigeria's foreign minister said on Wednesday. "Clearly with this climate, he and Mr. President have agreed that he should not go," Foreign Minister Onyeama told a news briefing.

  • Reuters

    UPDATE 4-Nigeria boycotts Africa economic summit over anti-foreign riots

    Nigeria said on Wednesday it would boycott an Africa economic summit in Cape Town, intensifying a diplomatic row after a series of deadly attacks on foreigners in South African cities. The withdrawal of Nigerian Vice President Yemi Osinbajo from the World Economic Forum gathering has cast a cloud over initiatives to boost intra-African trade.

  • Moody's

    IHS Netherlands Holdco B.V. -- Moody's assigns B2 rating to IHS' proposed notes

    At the same time Moody's affirmed IHS' B2 corporate family rating (CFR) and B2-PD probability of default rating. The proposed notes will be fully and unconditionally guaranteed by IHS Netherlands NG1 B.V., IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., IHS Nigeria Limited, IHS Towers NG Limited and INT Towers Limited (INT). The B2 rating on the proposed notes is in line with the CFR despite the presence of subordinated intercompany shareholder loans which Moody's consider as debt.

  • Reuters

    Nigerian court adjourns tax case between MTN and attorney general

    A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between South African telecoms company MTN Group and Nigeria's attorney general. Nigeria is MTN's biggest market, with 58 million users in 2018 and accounting for a third of the South African firm's core profit. MTN Nigeria, the company's local unit, listed in Lagos in May in a 2 trillion naira ($6.5 billion) flotation and became the second-largest stock on the bourse by market value.

  • Reuters

    Ethiopia's parliament to approve law on liberalising telecoms sector

    Ethiopia's parliament will on Monday approve a law covering the liberalisation of the state-controlled telecoms sector, a parliament spokesman said. The move is the first concrete sign of progress on economic reforms pledged by Prime Minister Abiy Ahmed shortly after he took office in April 2018. "(On Monday) the Parliament will discuss comments made on the draft telecom law by standing committees of Human Resource and Technology, as well as Trade and Industry, after the that the MPs will approve the proclamation," parliament's communications director, Qusquam Mamo, told Reuters.

  • MTN Top Holder Forced Boardroom Shakeup Over Disputes
    Bloomberg

    MTN Top Holder Forced Boardroom Shakeup Over Disputes

    The Public Investment Corp. built a 26% stake in Johannesburg-based MTN by late November and used that to call for the replacement of Chairman Phuthuma Nhleko, people familiar with the matter said. Africa’s biggest fund manager, which is South African state owned, also sent a letter to MTN demanding a board reorganization, said one of the people. A spokesman for Nhleko declined to comment on behalf of the outgoing chairman.

  • MTN Faces New Nigeria Headache as Local Unit Probed Over Listing
    Bloomberg

    MTN Faces New Nigeria Headache as Local Unit Probed Over Listing

    Nigeria’s Economic and Financial Crimes Commission has requested certain information and documentation regarding the May 16 listing, MTN Nigeria Communications Plc said in a statement on Saturday. While Nigeria is central to MTN’s growth strategy and home to about 60 million of the Johannesburg-based company’s subscribers, a string of accusations and legal claims by various authorities have weighed on the carrier’s shares. The listing on the Nigerian Stock Exchange was itself a condition of a settlement reached with the telecommunications regulator in 2016 over the handling of customers without proper documentation, while MTN is also fighting a claim that it owes $2 billion in back taxes.