MTN Nigeria’s profit surges as data use rises
Subscriber base grew 10.5% to 64.3-million, with profit before tax jumping 31.1%
02 March 2020 - 08:13
Shares in MTN rose nearly 2% on Monday, adding more than R2bn to its market value after Africa’s largest network operator reported an almost one-third jump in quarterly pretax profit at its business in Nigeria.
Nigeria is MTN’s most profitable market, accounting for one-third of its annual profit, but has also been one of the most problematic after clashes with authorities over taxes and regulatory breaches. ..
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