Falling revenue hits MTN, sheds R14.8bn in value
Challenging conditions and currency devaluations in some of its markets affected first-quarter performance
14 May 2024 - 08:04
UPDATED 14 May 2024 - 20:35
SA’s telecom operators were all in the red on the JSE on Tuesday, with MTN leading the losses, dropping R14.85bn of its market value after it reported a fall in first-quarter revenue of almost a fifth.
The group is dealing with an unfavourable cocktail of macroeconomic and geopolitical headwinds that had a negative effect on its financial performance for the period...
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