MTN to cut dividend amid Nigerian market uncertainty

Thursday 3 March 2016 | 10:05 CET | News
MTN Group has reported a 0.1 percent increase in revenue to ZAR 147.1 billion in 2015 from ZAR 146.9 billion in 2014. Revenue remained flat largely because of a decline in voice revenue in Nigeria and a reduction in handset revenue in South Africa after industrial action there. This was largely offset by an increase in data revenue across the business, though. MTN's basic headline earnings per share declined by 51.4 percent to ZAR 7.46, largely due the Nigerian regulatory fine provision (ZAR 9.29 billion). While MTN increased its annual dividend 5.2 percent to ZAR 13.10 per share, it forecast

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: MTN
Countries: Africa
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


MTN names Vodafone exec Shuter as new CEO

Published 20 Jun 2016 09:48 CET | Africa
African mobile operator MTN has named Vodafone executive Rob Shuter as its new CEO. Currently CEO at Vodafone Netherlands, Shuter ...

MTN Nigeria agrees to pay NGN 330 bln fine over 3 years

Published 10 Jun 2016 15:39 CET | Nigeria
MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off ...

MTN Group subscriber base down 1.4% in Q1

Published 22 Apr 2016 08:02 CET | Africa
MTN Group subscribers decreased by 1.4 percent in the first quarter to about 229 million at the end of March, impacted by the ...

MTN South Sudan halves workforce

Published 30 Mar 2016 09:46 CET | South Sudan
MTN South Sudan has scaled back its staff and operations because of the economic costs of the civil war and devaluation of ...

NCC lifts suspension of regulatory services to MTN

Published 16 Mar 2016 10:03 CET | Nigeria
The Nigerian Communications Commission (NCC) has lifted its suspension of services to MTN. NCC suspended its regulatory services ...

MTN Nigeria seeks new penalty cut amid committee criticism

Published 14 Mar 2016 09:56 CET | Nigeria
MTN has proposed a reduction in the fine imposed on it for failing to disconnect improperly registered SIMs to USD 1.5 billion, ...

Telecom users group urges Nigeria to accept MTN payment

Published 10 Mar 2016 11:11 CET | Nigeria
The National Association of Telecommunications Subscribers (NATCOMS) has urged the government to accept the NGN 50 billion ...

MTN fine dominates talks at Zuma visit to Nigeria

Published 09 Mar 2016 10:52 CET | Nigeria
Nigerian President Muhammadu Buhari said MTN Group is negotiating with the government for a possible reduction of a NGN 780 ...

NCC to unveil cost-based pricing for fixed transmission

Published 08 Mar 2016 10:53 CET | Nigeria
The Nigerian Communications Commission (NCC) said it will unveil new pricing costs for wholesale fixed transmission service ...

MTN denies reports of planning group listing in Nigeria

Published 07 Mar 2016 16:26 CET | Africa
MTN Group has denied reports that it's planning to seek a stock market listing in Nigiera. The South Africa-based operator issued ...

MTN Nigeria says investment tops USD 16 bln over 15 years

Published 04 Mar 2016 09:54 CET | Nigeria
MTN Nigeria says it has invested more than USD 16 billion over the past 15 years. CEO Ferdi Moolman said that the company had ...

MTN Uganda FY revenue up 2.8% to UGX 1.3 bln

Published 03 Mar 2016 16:02 CET | Uganda
MTN Uganda's revenue increased by 2.8 percent to UGX 1.30 billion in 2015, supported by a 17.4 percent increase in data revenue ...

MTN Syria grows FY revenue 4.7%, nears 6 mln customers

Published 03 Mar 2016 15:51 CET | Syrian Arab Republic
MTN Syria's revenue rose by 4.7 percent to SYP 55.86 billion in 2015, mainly as a result of strong data revenue growth. Data ...

MTN Sudan subscriber base falls to 8.5 mln in 2015

Published 03 Mar 2016 15:48 CET | Sudan
MTN Sudan's number of customers dropped by 5.5 percent in 2015 to 8.5 million at year-end due to subscriber registration ...

MTN Ivory Coast subscriber base up 4.1% to 8.3 mln

Published 03 Mar 2016 12:21 CET | Cote d'Ivoire
MTN Ivory Coast increased its subscriber base by 4.1 percent to 8.3 million in 2015 in what it called a competitive market. ...

MTN Ghana FY revenue up 16% on data, mobile money expansion

Published 03 Mar 2016 12:14 CET | Ghana
MTN Ghana reported a 15.9 percent increase in its revenue in 2015 to GHS 2.315 billion. This was supported by 85.2 percent growth ...

MTN Nigeria revenues fall 2.1% in 2015

Published 03 Mar 2016 11:20 CET | Nigeria
MTN Nigeria ended 2015 with 61.3 million subscribers, up 2.3 percent compared to the previous year. Its market share reduced to ...

MTN South Africa FY subscriber base grows 9.3% to 30.6 mln

Published 03 Mar 2016 10:14 CET | South Africa
MTN South Africa increased its number of subscribers by 9.3 percent to 30.6 million in 2015. The pre-paid segment increased by ...

Nigerian government will begin talks with MTN soon over fine

Published 03 Mar 2016 09:48 CET | Nigeria
The Nigerian government will start new talks with mobile phone operator MTN "very soon" to settle a dispute over a USD 3.9 ...

MTN SAfrica takes steps to improve bank and SIM security

Published 03 Mar 2016 09:45 CET | South Africa
MTN South Africa says it has noted the reports about customers losing money from their personal bank accounts, and assured them ...

MTN pays USD 250 mln towards Nigeria settlement

Published 24 Feb 2016 15:16 CET | Nigeria
MTN Nigeria said it has paid USD 250 (NGN 50 billion) to the Nigerian authorities over a disputed USD 3.9 billion fine for ...

MTN Group CEO resigns over Nigeria fine

Published 09 Nov 2015 08:53 CET | Africa
MTN Group CEO Sifiso Dabengwa has resigned with immediate effect. A statement from the company said Phuthuma Nhleko, the current ...

MTN Nigeria posts lower EBITDA in H1

Published 05 Aug 2015 13:23 CET | Nigeria
MTN Nigeria increased its subscriber base by 4.9 percent in the first half of 2015 to 62.8 million and said it maintained market ...

MTN South Africa, union agree to end 2-month strike

Published 16 Jul 2015 16:03 CET | South Africa
MTN South Africa CEO Mteto Nyati announced an agreement with the Communication Workers Union (CWU) to end the two-month strike at ...

MTN South Africa steps up contingency plans for strike

Published 02 Jul 2015 11:02 CET | South Africa
MTN South Africa says it has upped its contingency plans because of the continuing industrial action, in a bid to ensure normal ...

MTN South Africa aims to minimise disruptions during strike

Published 24 Jun 2015 10:16 CET | South Africa
MTN South Africa said it will take contingency measures to minimise disruption during industrial action by staff. MTN rejected ...