MTN sticks to its targets despite capital expenditure cut
14 May 2020 - 08:42
Bucking the trend in corporate SA, MTN reaffirmed its targets for the next three to five years even as it slashed capital expenditure by as much as a quarter to cope with weak demand in the wake of a Covid 19-induced downturn.
MTN, Africa’s biggest mobile phone operator by subscribers, has pledged to raise R25bn through the sale of noncore assets and increase dividend payouts by 10%-20% as part of plans to shake off the shackles of being regarded as a company with limited growth outlook...
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