New Street Research - MTN (MTN) MTN (Buy, TP: ZAR130, +48%) MTN Nigeria Q3 24 Quick Take: A much better quarter; tower lease renegotiation started to help

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New Street Research

Chris Hoare

EUR 9486.00 For Business Accounts Only

MTN (Buy, TP: ZAR130, +48%) MTN Nigeria Q3 24 Quick Take: A much better quarter; tower lease renegotiation started to help

MTN Nigeria has reported a much better set of results. Top line growth accelerated again, and EBITDA growth is back into positive territory, helped by the tower lease renegotiations.

31/10/2024 1 EN

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MTN

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New Street Research

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Chris Hoare

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MTN (Buy, TP: ZAR130, +48%) MTN Nigeria Q3 24 Quick Take: A much better quarter; tower lease renegotiation started to help

MTN (Buy, TP: ZAR130, +57%) Q3 24: Solid, SR growth back on track with MT guidance

MTN (Buy, TP: ZAR130, +52%) MTN Rwanda – Q3 24 Quick take: Mixed quarter

MTN Uganda (Buy, TP: ZAR130, +47%) – Q3 24 Quick Take: Slower but solid quarter; MT SR guidance upgraded

CelcomDigi (Buy, TP: RM6, +80%) Q3 24 Quick Take: Lowered service revenue guidance on Prepaid SIM consolidation; EBIT trend improving

BABA FY2Q25 Results: Monetization Starts to Stabilize for Taobao and Tmall

ASML 2024 CMD: What did we learn?

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