10 °c
London
Friday, April 16, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

MTN Group sees annual earnings nearly doubling on Ghana & Uganda tower sales

Staff by Staff
February 8, 2021
in Africa, Ghana, Infrastructure, Telecom, Uganda
Reading Time: 1 min read
0
TNM extends coverage to 200 new sites in Malawi
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

MTN Group, South Africa’s largest mobile operator by subscribers, said on Friday it expects 2020 earnings to nearly double, mainly on gains from the sale of Uganda and Ghana tower joint ventures.

MTN is in the middle of a 25 billion rand (US$1.67B) divestment plan aimed at simplifying its portfolio over the next three to five years.

Part of this entailed selling its 49% holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for US$523M last year.

Also read: MTN Group donates US$25M for 7 million vaccine doses for health workers

Its earnings per share (EPS) may have increased by as much as 95% to 987 cents in the year ended Dec. 31 from 506 cents a year ago, the company said in a statement ahead of the release of its annual results on March 10.

At 1406 GMT shares in MTN were 6.68% firmer at 70.57 rand, a level last hit on Dec.10.

Headline earnings per share (HEPS), the main profit gauge for South African firms, is seen rising as much as 70% to 796 cents from 468 cents in Dec 2019. It excludes certain one-off items.

Source: Reuters

Related

Tags: China-Latin American Countries Infrastructure Forumcommunications towersGhanaMTN Group sees annual earnings nearly doubling on Ghana & Uganda tower salestelecomtelecommunications towerUgandaганаугандаأوغنداغاناウガンダガーナ加纳烏干達
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

30% of cars in Nigeria will be electric by 2025

Next Post

Moussa Faki Mahamat reelected as head of AU Commission

Staff

Staff

Related Posts

Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
East Africa Oil Pipeline construction date still unknown
Pipeline

East Africa Oil Pipeline construction date still unknown

by Taarifa Rwanda
April 16, 2021
Next Post
Moussa Faki Mahamat reelected as head of AU Commission

Moussa Faki Mahamat reelected as head of AU Commission

Facebook launches Marketplace in Nigeria

Cabo Verde considers opening embassy in Guinea-Bissau

Cape Verde one of the first countries to access Covid-19 vaccines under COVAX Alliance

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?