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MTNOY MTN Group Ltd (PK)

4.77
0.00 (0.00%)
09 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
MTN Group Ltd (PK) USOTC:MTNOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.77 4.77 4.77 0.00 00:00:00

MTN Group Four-Month Subscriber Base +2%, Boosted By Nigeria Unit

27/05/2014 7:39pm

Dow Jones News


MTN (PK) (USOTC:MTNOY)
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By Ian Walker

LONDON--MTN Group Ltd. (MTN.JO) said Tuesday it increased its subscriber base by 2% in the first four months of 2014 ended April 30, boosted by a strong uptake by MTN Nigeria which added 1.1 million new users.

The South Africa-based multinational mobile telecommunications company formerly known as M-Cell, added that the combined group achieved double digit revenue growth, in rand terms, in the period.

Earnings before interest, tax, depreciation and amortization margin improved against the first four months of 2013 and the 2013 full year margin, mainly due to cost cutting measures MTN said.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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