MTN (Buy, TP: ZAR250, +98%) MTN Nigeria and MTN Ghana - Q1 23: Slower quarter; MT guidance intact
Q1 was a slower quarter for both MTN Nigeria and MTN Ghana. On top of a challenging macro environment, both companies had to face extra challenges (shortage of cash in Nigeria and SIM registration regulation in Ghana). However, medium term guidance have been maintained for both companies which is encouraging.
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