MTN plans to sell its assets

File: MTN offices on Summit Road in Morningside, Johannesburg north, seen on 13 June 2013. Picture: Lenyaro.

File: MTN offices on Summit Road in Morningside, Johannesburg north, seen on 13 June 2013. Picture: Lenyaro.

eNCA

JOHANNESBURG - MTN plans to dispose of R15-billion worth of assets.

That includes the sale of its 53% stake in Botswana’s Mascom to Econet Wireless Zimbabwe for $300-million.

READ: Nigerian court postpones case between MTN and central bank

The company reported the strategy alongside adjusted earnings per share of R3,37 in 2018 and declared a final dividend of 325 cents.

The group increased its subscriber base by 16-million to 233-million customers across 21-markets in Africa and the Middle East.

The continent's largest mobile carrier has big plans for the year ahead. 

It's launching an instant messaging app similar to WeChat or WhatsApp as well as extending MTN mobile money from 15 to 18 countries.

READ: MTN pays hefty R5-billion sim fine

Shares in the mobile carrier were trading at R82,01 earlier on Thursday.

Keep in mind that a year ago MNT shares were trading at R135,00.

Source
eNCA