Cell C liquidity challenges affect MTN earnings
Mobile operator says it will recognise payments from roaming deal only when liquidity challenges are resolved
31 October 2019 - 09:25
The fall-out from Cell C’s debt crisis has hit MTN, which, due to its roaming agreement with Cell C, was only able to record marginal gains in revenue growth for the third quarter.
MTN said on Thursday it will only start recognising revenue from Cell C as part of its profit calculations when the struggling mobile operator finalises its roaming agreement and tackles its liquidity challenges...
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