MTN ups capital expenditure guidance as conditions improve
Commercial trends have been encouraging as Covid-19 restrictions have eased, the mobile operator says
30 October 2020 - 08:40
Africa’s largest telecoms operator, MTN, has raised its capital expenditure forecast for 2020, saying it is seeing encouraging trends as Covid-19 restrictions ease across the regions in which it operates.
The group now expects to spend R26bn on capital expenditure, from guidance of R24bn previously, with MTN encouraged by a revival in economic activity during its third quarter, or the three months to end-September...
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