MTN - Q318: OK results, but Nigerian uncertainty remains
MTN has reported a reasonable set of results, although there has been a marginal slowdown in revenue trends following the very strong Q218 results with group service revenue growth slowing to +9.6% in Q318, from +11.3% in Q218 – but the company remains on track to meet its’ 2018 financial objectives.
MTN Group is a holding company engaged in the investment in the telecommunications industry offering voice services via 2G and 3G networks, including prepaid and postpaid airtime, please-call-me message service, international roaming, electronic voucher distribution services and community payphones, mobile and fixed data products, including short message service (SMS), multimedia message services, internet access, MTN MobileMoney, content portal MTN Play, Google SMS information services, USSD services and corporate data services. Co.'s operations are divided into the following three regions: South and East Africa, West and Central Africa, and the Middle East and North Africa.
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