MTN full-year profit gains on Nigerian subscriber additions

Filed under: Company News |

MTN Group Ltd., Africa’s largest wireless operator, said full-year profit increased 27 percent, exceeding estimates, after the South African rand weakened and subscriber numbers rose across its 22 markets. Total subscribers increased 9.8 percent to 207.8 million, supported by 20 percent growth in Nigeria, its biggest market, and further growth in smaller African markets such…

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