Thursday, 22 September 2016

MTN facing investor pressure over lower returns



South African mobile operator, MTN Group, said on Wednesday that investors were concerned with lower returns and revenue growth in spite of a boom in data traffic.

Africa’s biggest telecoms firm, which set aside $851 million for capital expenditure in 2016, said this in a presentation to the parliament.
It said further significant investment was required to deal with higher data traffic as a result of spectrum constraints in the mature market.

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