MTN faces headwinds in Nigeria, but growth in the region has helped cushion the company from slowing growth in its domestic market, where earnings were hit by a Cell-C write-off and the loss of almost 2-million subscribers.

Adjusted headline earnings grew 12% and a dividend of R1.95 has been declared, an increase of more than 11%. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now