MTN (Buy, TP: ZAR200, +114%) MTN Uganda – Q3 23 Quick Take: Solid top line; guidance reiterated
MTN Uganda has reported a solid set of Q3 numbers with service revenue trends accelerating vs. Q2; service revenue growth is tracking over the MT guidance during these first nine months of 2023. EBITDA trends decelerated but are in line with the MT guidance over 9m23. Also, the company highlighted some improvement in the macro, especially easing inflation, which should be positive for margins in the future.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.