MTN shares jump on positive earnings signal
The group received R8.9bn from the sale of its stakes in ATC Uganda and ATC Ghana
05 February 2021 - 15:53
Shares in MTN jumped as much as 10% on Friday, as the telecoms group said it expected a rise in earnings for the full year to December 2020, owing in part to profits made from selling some of its network towers.
In a note to shareholders on Friday, Africa’s largest mobile network operator said it would report an increase in earnings per share (EPS) of between 75% and 95%, up to 481c higher than the previous comparable period's 506c...
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